Diamonds and Dogs
Trash is King. Advanced Disposal (ADSW) is up 21% after agreeing to be acquired by Waste Management, the country's largest trash and recycling company. Based in Houston, Waste Management is moving East adding 3 million residential and industrial customers of Advanced Disposal, mostly in the eastern half of the US. Waste Management currently has 21 million customers. A trash giant.
Banks under pressure. Goldman Sachs (GS) is down 3% leading the sector lower following earnings. Not only did Goldman miss revenue expectations, but the company's numbers don't look too impressive throughout most of its business segments. New CEO David Solomon acknowledged that the environment has been a bit challenging.