Diamonds and Dogs

8/16/22

Two blue chips, Walmart (WMT) and Home Depot (HD) higher following earnings. The stocks are up 5% and 4% respectively helping ease fears of a recession in the short term as consumer spending rebounded this summer. However, inflation and supply chain issues persist.

ZipRecruiter (ZIP) takes a hit on earnings. The stock is down 6% as the company lowered full year guidance and warned of a slowing labor market. One analyst upgraded the stock saying ZipRecruiter is well positioned with the shift to online recruiting.

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