Diamonds and Dogs


Energy (XLE) gushing higher. Brent crude oil is up nearly 2% to a three-year high on Tuesday while U.S. benchmark crude reached close to 2014 peaks after the OPEC+ group of producers stuck to its planned output increase rather than pumping even more crude. Oil prices have already surged more than 50% this year, adding to inflationary pressures, Marathon Oil (MRO), EOG (EOG), Devon Energy (DVN), and Pioneer Resources (PXD) among others trading at new 52 week highs.  

Albertsons (ACI) lower on a downgrade. The supermarket chain's stock was downgraded to underperform by an analyst at BMO who is wary of the margin outlook due to a more price-sensitive consumer environment as people stop hoarding and fill their cupboards following the pandemic.

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.