Diamonds and Dogs


Oil is gushing at Schlumberger (SLB). The oil producer is up 8% as revenue rose 27.9% to $7.48 billion. It was their best profit in seven years. The company also raised guidance for the rest of 2022 as overseas drillers put oil and gas rigs back to work, following North America's lead amid tight global supplies.

Snap (SNAP) going the wrong way. The stock is down 30% to a three year low following earnings. Earnings actually beat as revenue rose 5%. However, the company lowered guidance as average revenue declined, sales growth slowed, and advertisers cut spending. Other than that, things are great.

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