Diamonds and Dogs
Tesla (TSLA) getting added to the S&P 500. Tesla is up 7% to a two month high after news the S&P 500 will add it to its index on Dec. 21st. With five consecutive quarters of profitability behind it and now the 10th largest US company by market cap, the electric-car maker became eligible to join the S&P 500 index fund earlier this year.
Walgreens Boots Alliance (WBA) and CVS Health (CVS) taking a hit. The drug store stocks are lower by 8% after Amazon introduced its online pharmacy business today with deals for Prime members with drug discounts of up to 80% on generics and 40% on brand medications.
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.