Diamonds and Dogs


Apple (AAPL) and Tesla (TSLA) split today. The broader market is lower, but Apple is up 3% and Tesla is up 9% as both split their stock 4 for 1 and 5 for 1 respectively. No fundamental reason for the rise, but investors are buying up at least those two stocks. Tesla is the eight largest US company and still is not in the S&P 500.

Walmart (WMT) lower on a downgrade. Walmart is down nearly 3% after one analyst suggested the stock looks stretched trading for a historically high 25 times forward earnings while consumer disposable income is expected to contract going forward through the second quarter of next year at least. Walmart is also on the verge of possibly spending billions to buy TikTok with help from Microsoft (MSFT).

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.