Diamonds and Dogs


Consolidation in the oil patch. Noble Energy (NBL) is up 5% after agreeing to be acquired by Chevron for $5 billion. The deal is accretive and cash flow positive. The downside, Noble was worth 2.5 times more to start the year just six months ago. Ouch.

Profit taking in PetMed (PETS). The surge in pets during the coronavirus helped sales rise 20% as PetMed picked up around 186,000 new customers in the first quarter. However, earnings missed by a penny and with the stock up nearly 100% to start the year, investors are taking profits.

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.