Diamonds and Dogs

3/1/23

Caterpillar (CAT) rises 3% helping lift the Dow after the construction and mining equipment maker said it reached a six-year "tentative labor agreement" with the United Autoworkers (UAW) union.

Rivian (RIVN) lower by 19% on more supply chain issues. The electric truck and SUV maker beat earnings estimates, but sales came in light of estimates of $663 million. Last fall, Rivian halved their production target to 25,000 vehicles a year, but now expects to miss those estimates due to supply chain issues, but no specifics on what is causing the hiccups in production.

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.