Diamonds and Dogs
7/21/22
Tesla (TSLA) jumps 10% following earnings as their CEO and founder vacations on a yacht in Greece. Tesla easily beat estimates as they reaffirm expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon. Total deliveries of 254,695 vehicles, up 27% yr/yr.
AT&T (T) remains a dog. The stock is down 7% following earnings. Earnings actually beat with strong subscriber gains, but lower guidance for cash flow had investors heading for the hills. Earlier in the year, AT&T spun off Warner Media, as the company doubled down on investing in its 5G and fiber networks. The only good thing for new investors is a dividend yield over 5%.
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.