Diamonds and Dogs


General Mills (GIS) jumps 7% on strong earnings and raised guidance. The owner of Cheerios has been divesting businesses to focus on brands that have better prospects for profitability. The company is also hiking prices to make up for higher labor and freight costs.

Summer is over. Travel and hotel stocks are trading lower as summer comes to an end and the Federal Reserve raises rates once again. Marriott (MAR) and Hilton (HLT) are both down 3%. Expedia (EXPE) and Royal Caribbean (RCL) are both down 3% as well.

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.