Diamonds and Dogs
Is Warren Buffett buying Boeing (BA)? Boeing is leading the markets higher up 30% on the Congressional spending bill to provide support to Boeing, the airlines and other areas hit by the coronavirus. Boeing is also optimistically looking to restart production of their 737 Max in a month while yesterday they made the decision to suspend operations at their Puget Sound facility due to the coronavirus.Rumors are circulating that Warren Buffett is in buying Boeing. We will see.
Facebook (FB) and Google (GOOGL) are lower by 3% after Facebook lowered guidance due to weaker ad spending. In times like these ad spending is an easy budget cut for corporations to preserve cash.
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.