Diamonds and Dogs

7/27/22

Microsoft (MSFT) lifting all the major averages. Microsoft is up 5% following lackluster earnings. The reason for the bump is guidance and rosy forecasts for 2023 for Microsoft's public cloud business called, Azure. Azure reported 46% growth with 33% growth for both commercial bookings and the company's overall cloud business. The cloud business is now on a $100 billion run-rate, and approaching half of the company's overall revenue.

Sherwin-Williams (SHW) taking a hit following earnings. The paint company missed estimates and guided lower as demand waned particularly outside the US like Europe and China. Higher commodity pricing is also hurting profits. Sherwin said they will raise prices, but consumers may trade down instead of paying the higher prices.

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.