Diamonds and Dogs


IBM (IBM) shining brightly on a down day. IBM is jumping 4% to a three month high following better than expected earnings. Earnings were able to surpass sales growth thanks to a shift towards higher-margin products and business segments it has dubbed "strategic imperatives" under the leadership of CEO Ginni Rometty and which now comprise around half of Big Blue's quarterly sales. Cloud computing sales rose 20% from the same quarter last year. The analyst community doesn't seem so convinced with cautious comments and four lower price targets.

 Philip Morris (PM) up in smoke. The maker of Marlboro cigarette is down 4% following earnings. The company actually beat estimates, but lowered full year guidance due to lower International sales. Total cigarette and heated tobacco unit shipment volume is expected to decline 2% year over year. Philip Morris smoke-free electronic cigarettes have not been a hit particularly in Japan.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.