Diamonds and Dogs


Chipmakers starting the New Year with a bang. The PHLX Semiconductor Index is up a percent to start 2020 following a 60% surge in 2019. AMD (AMD) is up 4% on an upgrade at Nomura with a $58 price target. Taiwan Semiconductor (TSM) is up 2.9% after the contract chipmaker said it will begin producing next generation chips for Apple's iPhone by the end of the second quarter. Taiwan semi and at least five other chip stocks are trading at new record highs.

Ducommun (DCO) feeling the pinch from the Boeing 737Max. The aerospace supplier to Boeing and Spirit AeroSystems is down 8% on a downgrade at B. Riley FBR. The analyst lowered his price target to $55 a share due to the absence of guidance with a hard stop for 737 MAX parts shipments this quarter. The 737 platform comprises around 18% of totals sales or $130 million for Ducommun.

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.