Diamonds and Dogs
T-Mobile (TMUS) and American Tower (AMT) sign a new deal. Both stocks are up 3% as a new long-term agreement will enhance T-Mobile's access to American Tower's US sites and help expand 5G also providing long-term revenue growth and visibility for American Tower.
The timing of Citigroup (C ) leadership change is making more sense. Citigroup is down 2% after falling 3% yesterday as the Federal Reserve and the Office of the Comptroller of Currency have found inadequate risk management controls at the bank. Last week Citigroup said their CEO would step down two years early to allow the first female CEO of a large Wall Street bank.
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.