Diamonds and Dogs

3/24/22

Two chip giants may join forces. Nvidia (NVDA) is up 10% while Intel (INTC) is up 6% as Nvidia, one of the largest buyers of outsourced chip production, said it will explore using Intel as a possible manufacturer of its products, moving away from Taiwan Semiconductor and Samsung Electronics, and moving more production back to the US.  

Higher interest rates may slow housing. KB Home (KBH) is down 5% following an earnings miss. Sales did rise 22% to $1.4 billion but missed estimates as well.  KB Home said deliveries in the period were flat with a year earlier at 2,868, below estimates of 3,168. Investors are concerned that higher interest rates will further curtail business.

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.