Diamonds and Dogs
Bristol Myer (BMY) trading at a two year high. Bristol's stock is up 1.8% to new highs as the industry descends on J.P. Morgan Healthcare Conference. With the merger with Celgene complete, the CEO of Bristol said at the conference the company enters 2020 with great momentum. Last week Citigroup upgraded the stock with a $73 price target.
Things not getting better for Five Below (FIVE). The discount retailer is down 14% to a one year low after lowering guidance for the fourth quarter. Management pointed out there were six fewer shopping days between Thanksgiving and Christmas, the key holiday season, but the reality may be Five Below is falling behind their competition.
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.