Diamonds and Dogs

8/21/20

Apple (AAPL) adds a 1$00 billion market cap today after becoming the first US company to reach the $2 trillion mark. Apple rose 5% on no news with a 4 for 1 stock split coming in a week. The company is working on new AR/VR headsets, but really no fundamental reason for the surge.

Plug Power (PLUG) unplugged. The hydrogen fuel cell company is down 5% after a big run up in the last month as famed short seller at Citron Research came out cautious on the stock saying the company is the Anti-Tesla, twice as expensive without a profitable business model. Ouch.

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.