Diamonds and Dogs


Newmont Mining (NEM) one of the few stocks higher today. The gold miner is up 3% following a positive article on Barrons. Barron's calls Newmont one of the most attractive bet on a gold revival and a hedge in the case of mean reversion, or potential geopolitical and economic tremors. Newmont continues to increase its production of the precious metal, and its stock looks cheap. It also carries a 5.2% dividend yield, which means that investors can get paid to wait.

FedEx (FDX) shares drop over 20% as the company signals a global recession. FedEx is having its worst day since coming public in 1978 as the company preannounced bleak preliminary earnings, citing weakening demand in global shipment volumes. FedEx said it will close 90 office locations and five corporate office facilities, defer hiring efforts, reduce flights and cancel projects to cut costs.

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.