Diamonds and Dogs
Amazon (AMZN) is up 3% to a two month high following their best Prime Day week in history. Last week, Amazon members purchased 300 million items worldwide. Prime members in the US were buying more than 60,000 iteams per minute. The consumer stiil seems healthy as consumer discretionary stocks are perking up.
Biogen (BIIB) is pulling back in earnings. Biogen is down 4% even though they beat estimates. Sales did fall 6% to $2.59 billion. The company did raise estimates, but investors are not impressed.
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.