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Monday, December 29, 2008 Diamonds Today’s small-cap percentage diamond is Linn Energy (LINE) up more than 17% today. LINE is trading over $14 after Barron’s called the company’s stock “enticing” in a favorable article published this weekend. The article noted that analysts expect the gas and oil developer, which... Read More
Monday, December 22nd, 2008 Diamonds Times sure have changed!! Fedex Corp (FDX), who won’t advertise in the Super Bowl 43 for the first time in 12 years, reaffirmed its full-year profit guidance of $3.50 to $4.75 a share after reducing their workforces. The courier barely beat expectations, but it’s cutting costs... Read More
Friday, December 19th, 2008 In midmorning trading, the Dow Jones industrial average rose 175.86, or 2.04 percent, to 8,780.85. The Standard & Poor’s 500 index rose 17.89, or 2.02 percent, to 903.17, while the Nasdaq composite index rose 37.08, or 2.39 percent, to 1,589.45. Diamonds Another life line to automakers! The... Read More
Tuesday, December 16th, 2008 Financial markets remain quite strained and credit conditions tight. Diamonds Best Buy Co Inc (BBY) is among big movers. BBY, the largest specialty retailer of consumer electronics in North America, rose $3.44 to $27.22. Shares of BBY climbed more than 15% after profit fell 77% in... Read More
Diamonds and Dogs Thursday, December 11th, 2008 Diamonds Oil prices rallied to $48 per barrel today as the US dollar fell in value and the weather is starting to get quite a bit cooler in the Northeast. Higher oil prices are usually good for oil companies and Chevron was a big... Read More
The total is now 25. Two more banks were closed over the weekend, Haven Trust Bank of Georgia and Sanderson State Bank of Texas, bringing the number to 25 banks that are in the hands of the FDIC this year. These guys are nothing compared to the... Read More
Friday December 5th, 2008 Diamonds Shares of many financial companies were higher today, in spite of the dramatic loss of jobs reported in the morning. JP Morgan (JPM) was the leader of the pack, banking a 67 cent gain to $31.75. In a sign of the times, span... Read More
Steve Ballmer of Microsoft wants Yahoo! At least the search engine part of the business and the stock is responding in after hours trading tonite, up over $12 per share. The stock could get some action on Monday. Have a great weekend. ... Read More
December 4, 2008 Diamonds Stock up!! Del Monte Foods Co. (DLM), up 17.72% or 98 cents to $6.51. The food distributor said profit nearly doubled, beating analyst estimates. (DLM) producer and distributor of branded food and pet products reported second quarter revenues rose 11.5% to $901.0 million... Read More
We hear a lot about the volatility index lately, but I wonder how many of our clients really understand what that is. On their weekly presentation the folks at Dorsey Wright and Associates put it in a different light: From1961 thru 2007 there were 14 days that the... Read More
November 28, 2008 Investors can be thankful as stocks closed the week up about 10% across the board. In the holiday shortened week, stocks gained every day, averting what was shaping up to be a disaster in the markets. It is black Friday, so go do what good... Read More
November 21, 2008 Diamonds and Dogs Diamonds A brutal week finally comes to a close. Stocks closed at 11 year lows during the week, down about 15%. Friday’s diamond was JM Smucker (SJM) rose almost 7% on strong earnings news, proving that business is still being done around the... Read More
Wall Street’s Dirty Little Secret The Wall Street Journal recently reported that brokers from Merrill Lynch, Citigroup, and UBS were being offered substantial, sometimes in the millions of dollars, bonuses to stay at the firm they are currently with. So let me get this straight, the brokerages that are... Read More
November 14, 2008 Friday, November 14th, 2008 Diamonds Anheuser-Busch (BUD) is the diamond of the day as they are all but guaranteed to be purchased before the end of the year by InBev of Belgium. BUD is up 51 cents to $68.44 as most stocks are down on the... Read More
November 7th, 2008 Diamonds and Dogs Thursday, November 6th, 2008 Diamonds The rout was on today in anticipation of tomorrow’s unemployment number as stocks fell almost 500 points for the second day in a row. We can’t blame Barry Obama yet, but the market has shown some weakness since the election. ... Read More
Friday, October 31st, 2008 Diamonds The market celebrated Halloween in what turned out to be a very scary month in deed. This was the 12th worst monthly decline in stocks since the year 1900. Guess what, we have survived and now maybe we can get on with some... Read More
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.