Diamonds and Dogs


Strong upgrade for Occidental Petroleum (OXY). Occidental is up 2% today as the analyst at Stifel upgraded the stock with a $86 price target or 45% above current levels. Oil remains the best performing sector year to date, up 40%. The Utility sector is the only other sector in the green for the year, up just 6%. Occidental received a big boost last month when it was disclosed Warren Buffett and Berkshire Hathaway were aggressively buying the stock.

Investors feeling blue about JetBlue (JBLU).  Investors are hitting the sell button after JetBlue announced a $3.6 billion counter offer to buy Spirit Airlines away from Frontier. One analyst downgraded the stock saying there are limited synergies, higher labor costs and high oil prices. Many investors don't think the government would approve such a merger anyways.

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.