Diamonds and Dogs
Apple (AAPL) riding high again. Apple is rebounding 3% following the unveiling of a trio of new iPhones -- iPhone Xs ($999), iPhone Xs Max ($1099), and iPhone Xr ($749). Apple also released their new watch, the Series 4. The new watch features three new heart rate features. The next six months should be pretty good for Apple. An analyst at Needham upgraded the stock with a $260 price target.
Kroger (KG) struggling to compete against Amazon. The largest U.S. supermarket operator is down 10% stuck in a trading range following earnings. Kroger actually beat earnings estimates as sales rose 1% to $27.87 billion. The company also reaffirmed guidance; however investors seem concerned that the adjustment to product assortments, rearranging store layouts and highlighting private-label brands on its shelves could lead some customers to shop for their groceries elsewhere.
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.