Diamonds and Dogs

2/8/17

The force is with Disney (DIS). Disney is up a percent closing in on the 52 week high following better than expected earnings. Earnings came in at $1.55 per share, beating estimates by 6 cents. Revenue actually declined 3% to $14.78 billion. The Star Wars movie, Rogue One was first billion dollar release of the fiscal year. The next Star Wars movie comes out in December, The Last Jedi. Good news for shareholders, it looks like CEO Bob Iger doesn't look to be retiring anytime soon. RBC upgraded the stock with a $130 price target.

Good news, Gilead (GILD) is curing more people with Hepatitis C. Bad news, the earnings, sales and the stock price are declining. The stock is down 9% to a three year after lowering 2017 sales forecast for hepatitis C and other drug sales to $7.5 billion to $9 billion, much lower than the $12 billion Wall Street had expected. 2017 earnings estimates are also dramatically lower around $6.60-$9.00 per share, which is well below the average analyst estimate of $10.71 per share. Gilead needs to shake things up to get the stock price moving in the right direction again.

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.