Diamonds and Dogs
Paint wins. Sherwin-Williams (SHW) bucks the trend, rising 9% following strong earnings thanks to strong demand. Management believes the worst of the industry supply chain challenges are now behind them.
General Electric (GE) can't get out of its own way. The stock fell 10%, the most in the S&P 500 Index following earnings and guidance that is trending toward the low end of its 2022 financial forecast. GE continues to struggle with supply-chain turmoil and spiking raw-material costs.
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.