Diamonds and Dogs


Banks up ahead of earnings. JP Morgan Chase (JPM) is up 5% and up 7% from the lows this morning ahead of earnings tomorrow morning. The banks have been under pressure all year on concerns of a recession and more loan loss reserves. Higher interest rates, however, should help the banks longer term.   

Generac (GNRC) keeps drifting lower. The power and energy generator stock was down 2% today and 70% in the last year. Not even a hurricane in Florida could give this stock a bounce a couple weeks ago. Today the chief operating officer resigned to pursue another opportunity, effective November 1. Maybe that's good riddance.

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.