Diamonds and Dogs
The government likes Apple (AAPL). Apple is surging 4% after the Trump administration said they will delay 10% tariffs on certain Chinese products, including laptops and cell phones that had been scheduled to start next month. The reason for the removal of tariffs on certain products is based on health, safety, national security and other factors. I didn't know getting components for the Christmas holiday season was part of national security.
The bloom is off this energy stock. Bloom Energy (BE) is down 33% to a new 52 week low following earnings. The company, which converts natural gas into electricity actually beat expectations, but the company lowered guidance due to fewer orders causing revenue growth and margins to come under pressure in the next year. Chief Executive K.R. Sridhar said on the post-earnings conference call with analysts that the move by some states to achieve 100% renewables-only power "are well-intentioned, but ill-informed," as there is no credible way to achieve that goal without compromising safety, reliability and affordability.