Diamonds and Dogs

8/13/20

3M (MMM) reports strong July sales. 3M is up 2% at a two month high as July sales rose 6% year over year led by their health care division with sales up 29%. The coronavirus has been good for at least some of 3M's businesses.

Vroom (VRM) shifting down a gear. The online used car company is down 17% following earning. The company reported a loss of $39 million but beat estimates. Vroom went to lower guidance for the third quarter as customers shift to lower priced used cars. The stock is still higher since coming public in June, but not by much.

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.