Diamonds and Dogs


Takeover bid for Yamana Gold (AUY). The stock is jumping 20% as two Canadian mining companies teamed up on an unsolicited $4.8 billion offer to break up an earlier merger agreement with South Africa's Gold Fields. South Africa's Gold Fields had agreed to take over Yamana for $6.7 billion in an all-stock deal in May, and a shareholder vote was set to take place on Nov. 22.

Easier to bet on sports than DraftKings's (DKNG) stock.  The sports betting stock is down 27% following lackluster earnings and guidance. The company lost $800 million and forecasted revenue of $2.8 billion and $3 billion in 2023 with a adjusted loss of between $575 million and $475 million. Analyst at JP Morgan suggests that DraftKings is lagging its peers on the path to consistent profitability.  

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.