Diamonds and Dogs

12/14/22

Delta (DAL) jumps 2% on strong demand. A day after rival, UAL said they saw softening demand, Delta raised guidance thanks to strong demand in the fourth quarter and expects earnings to double in 2023. Citi analysts, Stephen Trent reiterates its Buy rating with a $55 price target or 65% upside to Tuesday's closing price.

Charter Comm (CHTR) taking a hit on expansion plans. The cable company is down 16% as the new CEO has a new spending strategy, to spend about $10.65 billion on total capital expenditures in 2023, far higher than some investors expected. I guess shareholders would prefer cash flow to be spent on share buybacks.

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.