Diamonds and Dogs

10/27/21

Coca-Cola (KO) benefits from the reopening of the economy. Coke is up 2% not far from a yar high thanks to better-than-expected earnings as sales surged 16% to $10.04 billion in the quarter. The better-than-expected numbers were due to the reopening of public venues such as theaters, stadiums and restaurants across the world led to a rebound in demand for its soft drinks.

Twitter (TWTR) taking a hit. Twitter is down 7% to a five-month low following earnings. Twitter reported a loss even as revenues rose 37% to $1.28 billion. Twitter is facing more competition from rival apps like TikTok for people's time. The social networking site has been working to add new features such as audio chat rooms to attract users while also rolling out improvements to its advertising capabilities to reach its goal of doubling annual revenue by 2023. The company said it saw a "modest" impact to ad revenue from privacy changes that Apple Inc rolled out on iOS devices.

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.