Diamonds and Dogs
Paypal (PYPL) benefited from the pandemic. PayPal is up 6% to new highs as user growth has gone through the roof, driven by the pandemic. One analyst at Atlantic Equities upgraded the stock with a $315 price target. With a market cap of over $300 billion, Paypal is worth more than all the big banks except for JP Morgan. A little crazy.
GameStop (GME) and AMC Entertainment (AMC) keep drifting lower. The two stocks are down 34% and 19% as these two heavily shorted stocks come back to earth.
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.