Diamonds and Dogs

11/3/21

DICK'S Sporting Goods (DKS) teaming up with Nike. DICKs is jumping 6% as the two companies will connect their DICK'S Scorecard and NIKE Membership accounts through the DICK'S mobile app. DICK'S and NIKE aim to make the experience simple and convenient by providing an easy-to-use platform where customers can seamlessly shop an expanded selection of NIKE footwear and apparel. DICKs and NIKE memberships will also gain access to exclusive products, experiences and offers.

More fall out from Zillow (ZG). Zillow is down 17% today and down 30% for the week as the company preannounced last night, reporting a quarterly loss and will shut down their flipping business called, iBuying and will lay off 25% of their workforce. Zillow had been buying thousands of homes directly from homebuyers each quarter, with the goal of making cosmetic repairs and reselling them for a profit. However, the company now owns about 7,000 homes with a majority worth less than Zillow paid for them. Not good.

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.