Diamonds and Dogs


Chips keep performing well. DRAM maker, Micron (MU) is up 5% to a 16-month high following an upgrade at Susquehanna. The analyst sees increased prospects of a sustainable DRAM/NAND ASP improvement starting in the May quarter and sustaining into second half of 2020 with earnings power in the $8-$10 a sahre range. The analyst upgraded his price target of Micron of $85 a share.

More bad news for Boeing (BA). Boeing is down 3% on heavy volume on rumors Boeing may cut or halt production of their 737 MAX plane after the Federal Aviation Administration said last week it would not approve the plane's return to service before 2020.  Boeing's best-selling plane has been grounded since March after two crashes in Indonesia and Ethiopia killed 346 people, costing the plane manufacturer more than $9 billion so far. Analysts say a suspension of MAX production would likely result in significant additional charges for Boeing and could result in layoffs or furloughs of workers at Boeing's 737 factory south of Seattle and their suppliers.

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.