112 Albany Street, Cazenovia, NY 13035
(315) 655-2964 Toll Free: 1-800-659-8044



112 Albany Street, Cazenovia, NY 13035



(315) 655-2964 Toll Free: 1-800-659-8044
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American Eagle (AEO) having a good holiday. The trendy teen apparel maker is up 14% to a new 52 week high after beating third quarter earnings by 9 cents as sales rose 2.9% to $1.33 billion. The company also raised guidance on strong momentum after a record-breaking Thanksgiving weekend. The company has been riding the momentum of Syndey Sweeney and Travis Kelce. JP Morgan upgraded the stock with a $20 price target.

Wayfair (W) did not have a good Cyber Monday. The online home goods retailer fell 6% today on a downgrade. Jefferies downgraded Wayfair warning that the online furniture retailer’s valuation has expanded well beyond peers at a time when web traffic as their survey data shows early holiday activity is softer than expected. Jefferies went on to say Wayfair trades at a near 40% premium to comparable consumer internet names.

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