Diamonds and Dogs
Roku (ROKU) firing on all cylinders. The number 1 smart TV system is up 25% to new highs following earnings. Earnings easily beat expectations as sales rose 51% to $206.7 million, ahead of estimates. Roku added 2 million new customers to end the quarter with a totoal of 29.1 million. The company also raised guidance for the current quarter and full year. One in three TVs sold in the U.S. in the first quarter used Roku's operating system. RBC Capital Markets analyst Mark Mahaney upgraded the stock with a $90 price target.
Stamps.com (STMP) getting stomped. The online stamp company is down 54% even though they beat earnings estimates, but then dramatically lowered guidance going forward due to potential short and long term adverse amendments, renegotiations, changes, or termination of certain contracts between the USPS and certain strategic partners who are part of the USPS's reseller program. This is the second time this year the stock has declined 50% and is down 86% since last summer. Not good.
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.