Diamonds and Dogs
Its grilling season. Weber (WEBR) is jumping 15% on an upgrade and possible short squeeze. The stock is up 23% in the last two days, but still down 60% since coming public last August.
Markets starting to price in a recession. Industrials, Deere (DE) and Caterpillar (CAT) dropped 5% today. The major oil stocks like Exxon (XOM) and Chevron (CVX) are down 3% while copper play, Freeport McMoran (FCX) is down 5% making a new 52 week low.
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.