Diamonds and Dogs


Move over LL Bean, Vans and Timberlands are gaining popularity. The retail conglomerate, VF Corp (VFC) which owns brand names like Vans, Timberlands and North Face is jumping 10% to a two-month high following better than expected earnings. The CEO said, based on the strength of their third quarter performance and the growth trajectory they see for the remainder of fiscal 2019, they are increasing their full-year outlook, including an additional $45 million of growth-focused investments aimed at accelerating growth and value creation into fiscal year 2020.

Tesla (TSLA) cutting more jobs. The battery car company is down 9% after founder and CEO, Elon Musk cut his workforce by 7% and warns that the road ahead will be difficult. The good news is the fourth quarter will generate a GAAP profit, but less than the third quarter. Additionally, Tesla has reportedly recalled more than 14k Model S vehicles in China over faulty airbags. With the price of oil down, it may take a while for these electric cars to gain much market share.

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.