Diamonds and Dogs


Roku (ROKU) jumping 7% on an upgrade. The TV streaming platform company is trading higher after an analyst at Macquarie upgraded the stock with an Outperform rating and raised their price target from $110 to $130 per share. The analyst believes the shift to connected television in the United States will follow around the world over the coming years with Roku's smart TV operating system. The growth drivers could triple its user base to over 70 million active accounts by 2022, drive platform revenue to $2.3 billion, and drive overall revenue to $2.7 billion. The downside, the stock is not far from the price target and with a $13 billion market cap, a lot of the good news is priced in.

Levi Strauss & Co (LEVI) continues to struggle as a public company. The denim jean maker is down 5% moving back toward the lows for the year following earnings. The earnings were actually better than expected as sales rose 4% to $1.45 billion, ahead of estimates. Investors seem to be concerned about a lackluster performance in the Americas during the quarter, even as overseas and online sales continue to grow. A number of analysts reiterated buys, but investors are heading for the door. After coming public in April and rising as high as $24 a share, the stock is down 25%. Maybe they should've stayed private. 

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