Diamonds and Dogs


The coffee is brewing. J.M. Smuckers (SJM) is jumping 8% to a four-month high following better than expected earnings as sales rose 10.8% to $1.97 billion. The company also raised guidance and raised their dividend last month thanks to strong sales for their Folgers coffee and their numerous pet brand products.  

End of an era. Exxon Mobil (XOM) is down 2% after the Dow Jones Industrial Averages said they would remove the stock after 92 years due in part to their low stock price. In the biggest shake up in seven years, the Dow Jones will remove Exxon, Pfizer and Raytheon and replace them with stocks with higher stock prices. Crazy, but blame Apple's stock split for the decision.    

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.