Diamonds and Dogs
Workday (WDAY) is working. The cloud computing HR stock is up 13% to new highs following earnings. Workday beat by 18 cents as sales rose 19.6% year over year to $1.06 billion as the coronavirus has moved more corporate business online and to the cloud. One analyst upgraded the stock with a $280 price target.
A downgrade for DraftKings (DKNG). Online gambling stock is down 5% as one analyst is cautious on increased competition, slowing momentum on legalization in several states and the risk that the coming NFL season could be canceled or delayed due to Covid-19 issues.
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.