Diamonds and Dogs
Bidding war for a railroad. Kansas City Southern (KSU) is up 16% after Canadian National Railway offered $30 billion to snatch Kansas City Southern from a rival. Canada's two biggest railroads are vying for a rail network that links their country with the U.S. and Mexico as a reworked trade alliance gets underway and the economic recovery from the Covid-19 pandemic gathers steam.
Nike (NKE) dropping 4% on a downgrade and a possible split with the Kobe Bryant family and Estate. Citigroup downgraded Nike due to increased competition, problems in China and the possibility of the five-year, post-retirement deal with Kobe Bryant and his Estate will not be renewed.
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.