Diamonds and Dogs
an Oil company trading higher. Wow. Oil fracker, EOG (EOG) is up 5% following better than expected earnings. The last month and bascially, the last five years have not been great for the oil industry as more and more supply comes online. Demand to start the year has dropped like a rock due to the coronavirus, however companies are getting more efficient making money even as the price of oil drifts lower. EOG hiked their dividend 30%. Not bad.
Dell Technologies (DELL) the latest tech firm to preannounce. The computer maker is down 8% to a 52-week low after lowering guidance to, you guessed it, the coronavirus and a PC slowdown. Dell is expecting server business to pick up some of the slack. The company did announce a one billion share buyback plan.
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.