Diamonds and Dogs

10/13/22

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.

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