Diamonds and Dogs

9/17/21

Thermo Fisher (TMO) raises guidance. The biotech and medical product maker is up 4% to new highs after raising guidance at an analyst meeting. Thermo now sees better earnings for the full year and core organic revenue growth of +7-9% and earnings growth in the mid-teens.

Commodities take a hit. US Steel (X) is down 7% even though the company is expecting record profits in the current quarter. The company has reduced their debt by $2.7 billion so far this year and US Steel unveiled plans to build a new $3 billion mill ready to produce steel by 2024.

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.