Diamonds and Dogs

7/14/21

Apple (AAPL) lifting the major averages. Apple is up 2% to new highs on a Bloomberg report that the company has asked suppliers for 90 million iPhones this year, a 20% jump from the shipments in 2020. This will be the second generation of iPhones with 5G. JP Morgan upgraded the stock with a $175 target due to favorable data points.

Banks taking a hit. Bank of America (BAC) is down 4% while Blackrock (BLK) is down 3% following strong earnings. Investors seem to be in a profit-taking mood. Lower interest rates aren't helping.  

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.