Diamonds and Dogs

10/29/21

AbbVie (ABBV) higher thanks to earnings. The stock is up 4% thanks to strong earnings due to their immunology and aesthetics franchises. Revenue rose 11% to $14.34 billion. ABBV also raised guidance and hiked their dividend raising their dividend yield to 4.9%. AbbVie is known for their drugs like Humira, Skyrizi, Rinvoq and Botox.

Apple (AAPL) can miss estimates? Apple is down 3% dragging down the major averages as the tech giant's quarterly revenue fell short of expectations amid larger-than-expected supply constraints on iPhones, iPads and Macs. It was the first time Apple's revenues have missed Wall Street estimates since May 2017. Amazing run.

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.