Diamonds and Dogs


Rumors lifting Wells Fargo (WFC). The California based bank is up 6% on rumors Goldman Sachs may consider buying the bank to expand their exposure beyond the Northeast. Barron's made cautious comments on the possible merger while one analyst downgraded Wells Fargo citing concerns about a dividend cut.

Delta (DAL) has too many pilots. Delta is down one percent after falling as much as 9% to a new 52 week low after disclosing of their 14,000 pilots on staff, they will be overstaffed by 7,000 or more pilots by the Fall. Delta is also planning to retire their 777 jumbo jets made by Boeing to be replaced by more fuel-efficient Airbus SE aircraft.

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.