Diamonds and Dogs


Snowflake (SNOW) heating up. The cloud based data warehousing company is up 22% following strong sales numbers with revenue up 84% to $394 million. The company actually reported a quarterly loss and trades for 20 times sales, but for now investors are biding up the stock.

Salesforce (CRM) is down 4% not far from a 52 week low following earnings. The Dow component beat on earnings and sales numbers, but then lowered guidance for the quarter and full year seeing customers take a cautious stance over the near-term direction of the economy. This is reflected in the company's guidance, where management now expects third-quarter revenue growth to decelerate to 18% year over year on a constant-currency basis. Longer term, the shift to digital services is a top spending priority for many companies.

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.