Diamonds and Dogs


Adobe (ADBE) higher on earnings. Digital media and cloud firm beat earnings estimates as sales rose 10.1% to $4.53 billion. Adobe management stuck with their forecasts as they expect sales to remain strong in 2023. We will see.

Ford (F) takes a hit. The auto company stock fell 7% after raising the price of its popular electric pickup truck, the F-150 Lightning to $52,000. The market response to the move shows how auto makers are stuck between a rock and a hard place.  Price cuts have triggered selloffs of EV makers' stocks recently. Now a price increase is doing the same.

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.