Diamonds and Dogs
JD.com (JD) fighting to stay positive for the day. The Chinese e-commerce giant is modestly positive after announcing a $1 billion share buyback program along with discussion to separate into three divisions. Not a good year for the company as the trade tariffs have hurt the Chinese economy along with potential of sexual-assault charges against the company's chief executive. 2019 should be a better year for JD.com and the International markets.
Nvidia (NVDA) down again. The graphic chip maker is down 5% today not far from a 52 week low on an analyst downgrade. RBC Capital lowered its price target on the graphics chip maker's stock to $200 per share from $230, but maintains an "outperform." The analyst said the ASPs chips have decreased over the past month, which he thinks is due to additional secondary market sales. Many of these chips were used for gaming purposes or crypto currency mining. The analyst also mentioned the recent weakness does not impact the long-term story. Good news because the stock is down over 50% in the last three months.
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.