Diamonds and Dogs


Cree (CREE) has a bright idea. The LED and chip company is selling their LED Products business to SMART Global Holdings for $300 million. The transaction represents another key milestone in Cree's transformation to create a pure-play global semiconductor powerhouse. Wall Street seems to agree. The stock is up 5% to new highs and up 150% from the March lows.

Gilead (GILD) makes a new 52-week low. The biotech stock is down 2% even as the company continues to produce millions of doses of their antiviral drug, remdesivir to treat COVID-19 patients including the President of the United States. Gilead donated the first 1.5 million vials of this drug to save lives. Frustrating stock.

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.