Diamonds and Dogs
Dicks (DKS) reports strong earnings. Dicks is up 2% to a six month high after beating estimates as sales fell 5% to $3.11 billion. The company raised guidance as consumer spending has held up and inventory levels have come down. Dicks expects a strong back to school season for cloths and sports equipment.
Zoom (ZM) fizzles. The video communication giant is down 14% back to the lows for the year which are also two and a half year lows following earnings. The company missed estimates, lowered quarterly guidance and full year guidance as the company struggles to find paying subscribers particularly among small businesses and consumers. Citigroup reiterated a Sell and said the lower guidance may still be too optimistic.
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.