Diamonds and Dogs


No April Fool's joke, the markets look good to start April and the new quarter. The big banks JP Morgan, Bank of America, and Citigroup are trading up more than 2%. Fifth Third (FITB) is up 2.6% on an upgrade. Amazon is up over a percent on an upgrade. The transportation stocks look good with the airlines (DAL, AAL, UAL), autos (GM,F) and rails (UNP,CSX,NSC) all trading up over 1%. With higher interest rates today, the Utility sector is taking a hit.

Lyft (LYFT) going in the wrong direction. Last Fridays highest-profile IPO of the year is down 10% below its IPO price as insiders take profits and new investors cut losses. While Lyft has many fans, the latest analysts starting their coverage on the stock also note a possibility of growth slowing down. As one analyst put it, following years of significant improvement, we believe market share gains and revenue growth are poised to slow as competitive pressures mount in the ride-sharing industry. I guess it was smart to come public now and cash in or lose that opportunity. It's too bad it came at the expense of new investors.

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.