Diamonds and Dogs


Extended Stay America (STAY) getting bought out. The hotel operator is up 13% to a one year high after agreeing to be bought out by Blackstone Group and Starwood Capital Group. Extended Stay, which specializes in economy temporary housing for healthcare professionals, proved stronger than its peers.

The Eli Lilly (LLY) is lower by 8% following drug data for their Alzheimer's drug. The drug did slow the progression of the disease. More data and studies will continue, but unfortunately the Alzheimer drug will not get regulatory approval any time soon.

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.