Diamonds and Dogs
.At lease one retailer is moving in the right direction. Dollar Tree (DLTR) is up 3% following better than expected earnings. Comparable-sales growth in its first-quarter was better than expected and there was evidence of a turn around going forward. Plus, the company said it would begin selling some items for more than $1 at Dollar Tree. They may have to change their name. At lease one retailer is moving in the right direction. Dollar Tree (DLTR) is up 3% following better than expected earnings.
Kraft Heinz (KHC) keeps moving lower. The consumer goods maker is down 3% to a new 52 week low as the company is under a SEC investigation and has still not filed their 2018 10-K and their first quarter 10-Q. Credit Suisse downgraded the stock lowering their price target to $26 from $33; Warren Buffett and Bershire Hathaway now have a loss in the stock.
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.