Diamonds and Dogs
Blackstone (BX) shining brightly. Blackstone is up 7% following strong earnings as assets grew 20% in the quarter to $881 billion, approaching their goal of managing a trillion dollars. Blackstone has made a transition to more perpetual capital and steady income transforming from private equity industry of high-octane bets and boom and bust periods.
Intel (INTC) dragging the chips lower. Intel is down 6% following strong earnings, but lower guidance. Going forward, the CEO said a costly turnaround plan would weigh heavily on the chipmaker's financial performance. Profit margins are currently around 51-53%, but Intel wants to get profits back to the 60% level.
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.