Diamonds and Dogs

11/19/21

Intuit (INTU) reports strong earnings. The financial software firm is up 9% following strong earnings and raised guidance. Sales were helped by $8.1-billion purchase of credit-score tracker Credit Karma. Intuit still has $3 billion of stock purchases to do as per a previously approved plan and approved a hike of 15% in the quarterly dividend and will pay out 68 cents per share in January. Times are good at Intuit.

Oil takes it on the chin. Exxon Mobil (XOM) is down 4% back to a two month low as oil drops below $80 a barrel as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool energy prices.

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