Diamonds and Dogs

7/7/22

Deere (DE) jumps on an upgrade. Deere is up 5% on an upgrade at Citigroup with a buy rating. After a 30% decline in the last three months, the analysts believe the risk reward is better. Plus, higher food prices are helping boost profits for farmers at least on the East coast. Maybe they can buy more equipment in the next year.

Boston Beer (SAM) continues to struggle. The owner of Sam Adams and a number of alcoholic seltzer drinks is down a percent on a downgrade from RBC Capital. The analyst believes the company will need to cut guidance as sales volumes continue to struggle, particularly the Truly brand.

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.