Diamonds and Dogs


Wells Fargo (WFC) is up a percent to an eleven-month high on an upgrade and optimism of the removal of the extremely costly $1.95 trillion asset cap. Officials from the Federal Reserve, which placed the asset cap on the bank in 2018, have apparently approved the bank's proposal for overhauling its risk-management and governance structure. JP Morgan Chase upgraded the stock from an underweight with a $37 price target.

Profit-taking in Walmart (WMT). The big box retailer is down 5% to a four-month low after missing estimates as revenues rose 7.3% to $152.1 billion. As a big benefactor of the pandemic, Walmart expects sales to slow this year as the pandemic momentum ebbs.

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.