Diamonds and Dogs
Upgrade for AT&T (T). AT&T is up 2.5% as the analyst at Raymond James upgraded the stock for the first time in three years thanks to better-than-expected earnings and more confidence the company can deliver on strong cash flow to keep paying their 5% dividend.
Investing in China looks less fruitful. The Hong Kong index fell 6% to a 13 year low while shares of Alibaba (BABA) are down 15% following the reelection of President Xi Jinping to a third term with many of his loyalists picking up key positions. Shares of Wynn Resorts (WYNN) is down 7% which has a large casino in Macau. A lot of uncertainty going forward in China. Unfortunately, President Xi Jinping is ding what Putin was doing a decade ago. Not a good sign.
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.