Diamonds and Dogs


Sobering news from BlackRock (BLK). The financial stock is up 3% to new highs on strong earnings and record inflows, but they did have some sobering news. CEO Larry Fink made comments stating he believes the economic downturn right now is worse than 2008.

Profit-taking in Netflix (NFLX). Netflix is down 6% following disappointing earnings and cautious guidance. The company actually had a great quarter adding 10.1 million paid subscribers over the three months ending in June. The second quarter tally lifted the first half total to 26 million new subscribers, more than twice the pace of last year's gains, but some investors believe the pandemic pulled demand forward.

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.