Diamonds and Dogs


With the NFL draft tonight originally planned to be hosted in Las Vegas, Las Vegas Sands (LVS) is jumping 10% following earnings. The company reported a small loss as sales fell 51% to $1.78 billion. The casino operator is optimistic that pent-up demand for gambling points to a speedy recovery in Asia as removal of travel restrictions into Macau could come off mid-May or June. Las Vegas Sands receives 60% of their sales in Asia.

Everyone could use a little chocolate in these trying times. Hershey Foods (HSY) is lower by 3% following disappointing earnings as sale rose just one percent to $2.04 billion. One analyst called the earnings a mixed bag as consumers and grocers prioritize more-essential food items like canned goods. Lower retail foot traffic will also hurt chocolate sales for Easter, one of their biggest holiday selling seasons.

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.