Diamonds and Dogs
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.
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.