Diamonds and Dogs


Rite Aid (RAD) got it right. The drugstore chain is up 18% to new recent highs following strong earnings. Rite Aid easily beat estimates as revenue rose 12% thanks to higher front-end store sales for immunity-boosting products. Looking ahead, Rite Aid is expected to boost customer traffic once it can participate in COVID-19 vaccinations next year.

Winter is coming. As the Northeast digs out from a winter storm, AT&T (T) is lower by 2% on a downgrade. The stock has been performing well thanks to the rollout of HBO Max with hit shows like Game of Thrones, but Morgan Stanley downgraded the stock even though their price target is 15% above current levels. Only on Wallstreet. 

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.