Diamonds and Dogs


Twilio (TWLO) up in the clouds. The cloud communications platform company is up 16% to new highs following better than expected earnings. Twilio beat by 9 cents as revenue rose 54.1% year over year to $147.8 million. The company issued upside guidance for the quarter and the full year as the company is turning profitable.  One analyst said Twilio's market expansion from enabling communications for apps is driving a communications platform revolution for the global business market. Canaccord Genuity upgraded the stock with a $80 price target. Twilio does have a large short position of 5 million shares.

Zillow's (Z) new business model a work in progress. The online real estate listings company is down 16% to a 3 month low following earnings. Earnings actually beat expectations as revenue rose 21.9% year over year to $325.25 million, but then lowered guidance for the current quarter and full year. Zillow has expanded into the buying and selling of homes and mortgage lending. It's acquiring Mortgage Lenders of America, a transaction that's intended to streamline the process for buyers of Zillow-owned homes, but so far the results are a little "wobbly".

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.