Diamonds and Dogs


Chips and storage devices on the rebound. Seagate Tech (STX) is up a percent making a new 52 week high earlier in the day after the company raisied guidance due in part to accounting changes. Seagate now sees quarterly earnings of 94 cents to $1.04 per share verse estimates of 0.86-0.95 cents a share. The accounting change accounts for 9 cents of the higher estimates. Seagate's stock is up 30% in the last two months.

Trade tariffs hitting FedEx (FDX). The express package delivery firm is down 13% back toward its 52-week low following earnings and lower guidance. FedEx is dealing with slowing global growth, trade tensions that are sapping demand for parcel deliveries, no longer doing business with and finally, struggling to integrate a Dutch company it acquired in 2016. Other than that, FedEx is doing great.

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.