Diamonds and Dogs


Fossil Group (FOSL) is having a good day. The watch and apparel maker is jumping 25% following strong earnings. Fossil earned 31 cents a share after reporting a loss of 51 cents in the same quarter a year ago. Sales fell 19% to $435 million but were projected to decline of 35% to 45% in the period. Strong digital sales and strong growth on mainland China led the improvement.

Fox Corp (FOXA) having a tough day. The mass media company's stock is down 6% following earnings. Earnings soared 42% beating estimates thanks in part to cost cuts. Sales grew 2% to $2.72 billion ahead of estimates even as the television unit's top-line performance was hurt by a 15% decline in advertising revenues. The company said that lower advertising revenues were reflected in the fewer NFL broadcasts, postponement of college football games at FOX Sports and certain scripted programming at FOX Entertainment as a result of COVID-19 and the absence of the prior year broadcast of the 71st Annual Primetime Emmy Awards.

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.