Diamonds and Dogs
Chip stocks look good. Micron (MU) is up 6% following better than expected earnings thanks to strong demand from data centers. Chip maker, Xilinx (XLNX) is up 6% after raising guidance. The stock was upgraded as well. At least one sector is working.
One step forward, one step back. Boeing (BA) is lower by 5% after rallying more than 5% yesterday. Norwegian Air canceled their order for a 100 planes and will proceed to sue Boeing for losses from the grounding of the 737 MAX and for the engine performance of the Boeing-built 787 Dreamliners. I guess Boeing won't be getting them back as customer any time soon.
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.