Diamonds and Dogs

5/2/24

Wayfair (W) reports better than expected earnings. The online furniture retailer is u p12% as active customer growth improves while the outlook is better than expected. Margins also continue to improve. This was the sixth straight quarter of share gain. Evercore ISI analyst recently upgraded the stock to Outperform.

Restaurant delivery service DoorDash (DASH) is heading for the exit, down 13% after reporting a wider loss even as sales beat expectations. The company is facing regulatory challenges in certain cities as regulations on local merchants will hurt earnings and increase wait times for Dashers.

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.