Diamonds and Dogs


Rite Aid (RAD) looking better. The retail drug store company has been on a tear since they reported better-than-expected earnings two weeks ago. Rite Aid's stock is up 11% today and up over 100% in the last month. Not bad.

Peloton (PTON) pulling back following the holiday. The interactive bike company is down 3% today after a 6% decline yesterday. Peloton made a big advertising push before the holidays with a new controversial ad which probably did work, but the valuation remains high for what many called just a bike company. At least 65% of the float is short with a couple of hedge funds like Citron and Hedgeye saying the stock has at least 50% further downside. So much for the holiday spirit.

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.