Diamonds and Dogs
More stimulus is good for Home Depot (HD). The do-it-yourself retailing giant rose 2% today after President-elect Biden announced further stimulus once he is in the office. While many Americans need the stimulus checks, the others are heading to Home Depot to upgrade their homes.
Profit-taking in the big banks. Citigroup (C ) fell 6% while Wells Fargo (WFC) fell 7% following earnings. Both beat estimates, but after big run ups over the last several months, clients are taking profits. The good news is the big banks can buy back stock once again.
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.