Diamonds and Dogs


Ferrari (RACE) revving its engines. The luxury sports car maker is up 5% at a one-month high following earnings and news they expect to make more than $1 billion in core profits this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis. The company did cut its 2020 core earnings, but the Italian firm said it still expects to generate free cash flow for the year.

Berkshire Hathaway (BRKB) down 3% following earnings. After a 35% correction, investors were hoping Warren Buffett would have some encouraging words, but even with $137 billion in cash, Warren said he could not find much value adding a net $1.8 billion to the stock market after selling all his positions in the airline industry. The big airlines like Delta Air Lines, Southwest Airlines, United Airlines and American Airlines Group are all down 7% or more.

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.