2019 Archive: Diamonds and Dogs

December 31, 2019

Energy closing out the year on a high note. Noble Energy (NBL) is up 1.6% after announcing the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. The Leviathan field was first discovered in 2010. The price of oil is... Read More

December 30, 2019

NIO skyrockets on strong deliveries. The Chinese Tesla is up 56% following earnings. The company reported a loss, but sales beat expectations while the company also gave an upbeat outlook for the current quarter. Vehicle deliveries totaled 4,799 vehicles, including 4,196 ES6s and 603 ES8s, representing a 35.1% increase from... Read More

December 27, 2019

Rite Aid (RAD) looking better. The retail drug store company has been on a tear since they reported better-than-expected earnings two weeks ago. Rite Aid's stock is up 11% today and up over 100% in the last month. Not bad.  Read More

December 26, 2019

Amazon (AMZN) taking over the retail world. Amazon is up 4% to a five-month high on a "record breaking" holiday season with billions of items shipped and "tens of millions" of Amazon devices like the Echo Dot sold. Five million new customers started Prime free trials or paid memberships... Read More

December 24, 2019

Microbot Medical (MBOT) having a great Christmas Eve. The medical device company is up 85% after announcing the world's first fully disposable robotic system. The system can be operate remotely, while reducing radiation exposure and physical strain to the physician. One analyst upgraded the stock with a $12 price... Read More

December 24, 2019

Microbot Medical (MBOT) having a great Christmas Eve. The medical device company is up 85% after announcing the world's first fully disposable robotic system. The system can be operate remotely, while reducing radiation exposure and physical strain to the physician. One analyst upgraded the stock with a $12 price... Read More

December 23, 2019

Good news, the CEO was fired. Boeing (BA) rose 2.9% as the CEO, Dennis Muilenburg is "stepping down" as the company is seeking to restore confidence after two fatal crashes forced the world's biggest plane maker to halt production of its best-selling 737 MAX jetliner. The Board... Read More

December 20, 2019

Carnival (CCL) had a miracle quarter. The largest cruise ship operator is up 7%, its biggest jump in a decade, following earnings and a 2020 outlook that topped expectations. Earnings beat by 11 cents as sales rose 7% ahead of expectations. Sentiment was so overwhelmingly negative, it didn't take... Read More

December 19, 2019

Micron Technology (MU) shines following earnings. The DRAM maker is up 2% to new highs following better than expected earnings and positive guidance. Micron is optimistic that its current quarter will likely mark a "bottom" in terms of its financial performance, reinforcing expectations of a rebound in sales and... Read More

December 18, 2019

Eli Lilly (LLY) is fighting back. The drug maker is up 3% back near its 52-week high after reaffirming guidance and raising 2020 outlook. Eli Lilly is seeing improved productivity and important data readouts for several investigational medicines in its clinical pipeline and the possibility of two regulatory approvals,... Read More

December 17, 2019

Netflix (NFLX) improving International sales. Netflix is up 3% to a four-month high thanks a September disclosure of subscription growth broken down by region. Asia-Pacific region grew 3%, the Middle east and Emerging Markets grew 6% while US and Canada grew 17%. The disclosure gave at least one analyst... Read More

December 16, 2019

Chips keep performing well. DRAM maker, Micron (MU) is up 5% to a 16-month high following an upgrade at Susquehanna. The analyst sees increased prospects of a sustainable DRAM/NAND ASP improvement starting in the May quarter and sustaining into second half of 2020 with earnings power in... Read More

December 13, 2019

U.K. elections good news for National Grid (NGG). National Grid is up 6% after the Labour Party and its leader Jeremy Corbyn's resounding loss in Thursday's election effectively ended the possibility of a broad nationalization of the utility sector. Corbyn was also looking to nationalize the energy supple networks,... Read More

December 12, 2019

Delta Air Lines (DAL) flying higher. The stock us up 3% thanks to upbeat guidance at an investor day meeting. Delta expects another great year in 2020 with strong earnings guidance and revenue growth of 4% to 6%. The American market accounts for around 70% of Delta's entire business.... Read More

December 11, 2019

5G should be good for Skyworks Solutions (SWKS). The semiconductor and radio component maker is up 4% on an upgrade. The analyst believes 5G could prove to be one of the more compelling and investible themes in the semi space driven by the exponential growth and required upgrade for... Read More

December 10, 2019

Time for a vacation. The Expedia (EXPE) online travel agency stock is up 3% on insider buying. The stock took a drop of 27% a month ago on disappointing earnings. Since then the stock has slowly rebounded as the CEO and CFO have been let go. Today... Read More

December 9, 2019

Cancer drugs and cancer drug companies in play today. ArQule (ARQL) is up 100% today after agreeing to merge with Merck for $2.7 billion. ArQule is working on treatments for cancer including a new drug for a range of blood cancers. French drug giant Sanofi also agreed to buy... Read More

December 6, 2019

Ulta Beauty (ULTA) looks pretty today. The cosmetic company is up 12% to a three-month high following better than expected earnings as revenue rose 7.9% to $1.68 billion driven by sales of higher-margin cosmetics products. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which... Read More

December 5, 2019

Two drug stocks going in opposite directions. Biogen (BIIB) is up 3% after speaking at a conference in San Diego saying their Alzheimer's treatment showed a 30% benefit on cognitive decline for a subgroup of patients. In a second study called Engage, the benefit was 27%. This is key... Read More

December 4, 2019

Good news, the CEO and CFO are fired! Expedia Group (EXPE) is jumping 4% after announcing the resignation of CEO Mark Okerstrom and CFO Alan Pickerill. Chairman of the Board, Barry Diller and Vice Chairman Peter Kern will oversee the company's executive leadership team, managing... Read More

December 3, 2019

Gold having a good day. Gold is up one percent as gold miner, Newmont Goldcorp (NEM) is up 1.5% after updating their 2020 production numbers and announcing a billion dollar share buyback over the next year representing 3% of their outstanding shares. Newmont's stock has rallied 11.1% year to... Read More

December 2, 2019

Drug and biotech stocks acting better. Bristol (BMY) is up 1.5% continuing momentum from the merger with Celgene. Kodiak Science (KOD) is jumping 62% after taking in $225 million for selling royalty rights to one of their promising drugs. Clovis Oncology (CLVS) is up 10% on M&A... Read More

November 29, 2019

Black Friday off to a good start. With unemployment at 50-year low and wages on the rise and major stock market indices up over 20% on the year, consumers are in the buying mood. As of 9:00 a.m. ET, online sales on Black Friday are up 19.2% from the prior... Read More

November 27, 2019

Upgrade for Under Armour (UAA). The athletic apparel company is up 6% on a Raymond James upgrade with a $30 a share price target or 50% above current levels. The analyst said Under Armour was ahead of schedule with respect to new product sales and the headline risks linked... Read More

November 26, 2019

Big week for retail. Dicks (DKS) is up 19% while Best Buy (BBY) is up 11% following better than expected earnings. Dicks also raised guidance for the full year. Black Friday is this week. Online sales are projected to rise 20.3% to $7.5 billion. Cyber Monday sales are... Read More

November 25, 2019

Largest luxury deal ever. Tiffany's (TIF) is up 6% after agreeing to be acquired by France's richest man and his firm, LVMH for $16.2 billion. The 182-year-old U.S. jeweler, known for its robin's egg blue boxes gets 41% of their sales in the U.S. but has growth potential... Read More

November 22, 2019

Nordstrom (JWN) sounds good heading into the holiday season. The department store retailer known for having a piano player in their stores is up 8% back near a seven-month high following earnings. Nordstrom easily beat expectations and improved its full-year profit outlook as digital shopping offset a slump in... Read More

November 21, 2019

More mergers. Charles Schwab (SCHW) is up 8% on rumors they are in talks to buy rival TD Ameritrade (AMTD) for as much as $26 billion. TD is trading up 18% but still down below the highs for the year and barely positive for the year. The combine... Read More

November 20, 2019

Retail in focus for a second day. Target (TGT) is jumping 14% to new highs following better than expected earnings. Target beat by 18 cents and raised guidance for 2020. Target is proving that it is America's new department store beating out the other department stores like Macy's (M),... Read More

November 19, 2019

Biotech performing well. Karuna Therapeutics (KRTX) is up 32% today and is up six-fold in the last week with a market cap of nearly $3 billion on positive news of their phase 2 trial of its schizophrenia treatment. The treatment of acute psychosis in schizophrenia patients demonstrated a "statistically... Read More

November 18, 2019

Peloton (PTON) gearing up for the holidays. The fitness company stock rose 11% to new highs as the company is getting ready for the holidays. Last week the company announced they will sell cheaper treadmills and rowing machines. They also said they are exploring apps for Amazon.com Inc's Fire... Read More

November 15, 2019

Applied Materials (AMAT) flexes its muscle. The chip equipment maker is up 9% to new highs following better than expected earnings. Earnings beat by four cents as sales were flat at $3.75 billion. However, upside guidance for the current quarter and positive comments from management has investors excited.  Management... Read More

November 14, 2019

Walmart (WMT) flexing its muscle. The retailer is up 2% to a new high following better-than-expected earnings. Good news for Walmart is good news for the economy. The low-cost retailer is a good read on the health of the U.S. consumer, which is keeping the U.S. economy humming along.... Read More

November 13, 2019

Disney (DIS) surges the day after the launch of Disney +. Disney is up 4% to a five-month high after disclosing they added 10 million subs in the U.S., Canada and The Netherlands just one day after launch. In comparison, Netflix has been doing this for several years and... Read More

November 12, 2019

Rockwell Automation (ROK) looks rock solid. The industrial automation and information solutions company is jumping 13% to a three-year high following better than expected earnings and better guidance for 2020. Rockwell and competitors are benefitting from the digital shift in the industrial sector. Management said they continue to find... Read More

November 11, 2019

Finally, some good news for Boeing (BA). Boeing is up 4%, its largest one-day advance in nearly three months, on news their 737 Max jet may be ready to fly sooner rather than later. The Boeing plane has been grounded since this spring after two fatal crashes. The aerospace group... Read More

November 8, 2019

Disney + is coming. Disney is trading up 3% back toward all-time highs following better than expected numbers. Disney easily beat expectations by 10 cents as revenues rose 33.6% to $19.1 billion. All the divisions performed well including ESPN which has stemmed the flow of lost subscribers. But the... Read More

November 7, 2019

5G is coming. Chipmaker, Qualcomm (QCOM) is up 8% to a new 52 week high following earnings and bullish comments about 2020 and 5G. Qualcomm beat quarterly expectations even as sales fell 17% to $4.8 billion. Going forward, the settlement with Apple will give Qualcomm a new big customer... Read More

November 6, 2019

Shaq turning around Papa Johns (PAPA). The pizza company is up 5% to a new 52-week high following earnings. Over the last several years, the company has been in a very public battle with their founder and largest shareholder, John Schnatter. The new CEO has made it a... Read More

November 5, 2019

Xerox (XRX) keeps improving. The photocopy and printer company is up 6% to a new 52 week high on news they will sell their 25% stake in Fujifilm Holdings for $2.3 billion. Xerox expects to use the proceeds opportunistically to pursue accretive M&A in core and adjacent industries, return... Read More

November 4, 2019

Ferrari (RACE) revving its engines. The high-end auto maker is up 6% to a new 52-week high following earnings. The Italian car maker shipped fewer than 2,500 units in the quarter compared to Tesla which shipped almost 100,000 cars in the quarter but brought in a $1 billion in... Read More

November 1, 2019

Fitbit (FIT) a good fit for Google. The smartwatch maker is up 16% and up over 100% from the August lows after agreeing to be acquired by Google/Alphabet for $7.35 a share in cash or $2.1 billion. Fitbit has suffered headwinds as Apple's popular smartwatch now controls half the... Read More

October 31, 2019

Two tech stocks look good. Apple (AAPL) is trading up 1.5% not far from all-time highs while Facebook (FB) is up 7% following earnings. Both easily beat expectations as the earnings and cash keep flooding in. Facebook estimates that around 2.2 billion people use their Facebook, Instagram, WhatsApp, and... Read More

October 30, 2019

General Electric (GE) jumps on earnings. GE is up 11% to a three-month high following earnings and a boost to 2019 free-cash-flow guidance. Culp, the first outside CEO in the company's long history, has been in the job just over a year. He took over during a brutal stretch... Read More

October 29, 2019

Xerox (XRX) having a good day. The printer and copy company is up 11% back near its 52 week high following earnings. Xerox easily beat expectations by 21 cents as sales rose 6.5% to $2.2 billion ahead of estimates. Operating cash flow was $356 million, up $82 million year-over-year.... Read More

October 28, 2019

Microsoft (MSFT) and the S&P 500 are trading at new all-time highs. Microsoft is up 2% lifting the major averages after being awarded the $10 billion cloud-computing contract from the Defense Department. Microsoft beat out rivals Amazon and Oracle to modernize America's armed forces and maintain military's technological advantages. No... Read More

October 25, 2019

Intel (INTC) trading near all-time highs. Intel is up 7% following better than expected earnings. The chipmaker beat by 18 cents as sales rose 0.1% to $19.19 billion, well above estimates of $18.1 billion. Intel's guidance was also above Wall Street's expectations for the full year.  Management said the... Read More

October 24, 2019

Tesla (TSLA) reports a profit. The battery carmaker is up 14% after beating earnings estimates and actually making money. Tesla reporting positive free cash flow, upside to gross margins and earnings going forward as costs come under control. Tesla says self-driving car "appears to be on track" for year-end... Read More

October 23, 2019

Bad earnings, good stock action. Boeing (BA) is up 2% and up 5% in the last two days following pretty bad earnings. Boeing missed by 67 cents, sales fell 20%, the company only delivered 62 planes verse 190 planes in the quarter last year. Cash flow came in at a... Read More

October 22, 2019

Biogen (BIIB) soars 25% on positive clinical trials for their Alzheimer drug. Biogen's stock dropped 29% back in March on a smaller clinical trail that didn't show positive results for the same drug. However, the new analysis of a larger data set showed that aducanumab actually did work, reducing... Read More

October 21, 2019

  Apple (AAPL) keeps rumbling higher. The stock is up 2% to new highs after Raymond James analyst boosted his price target to $280 from $250 while maintaining an outperform rating. The analyst said Apple plans to launch a new low-end SE model early next year that could "create a... Read More

October 18, 2019

At least one Dow component trading higher. Coca-Cola Company (KO) is up 2% not far from all-time highs following better than expected earnings. Revenue rose a healthy 8.3% year over year. Coke reported double-digit volume growth in Coca-Cola Zero Sugar in the U.S. Overseas sales have also been a bright... Read More

October 17, 2019

So far so good for the banks. Morgan Stanley (MS) is trading up 3% back near three-month high following earnings this morning. Morgan Stanley easily beat estimates as they repurchased $1.5 billion worth of shares during the quarter or 2% of their outstanding shares. Book value and Tangible book value... Read More

October 16, 2019

Johnson and Johnson (JNJ) gets an upgrade on earnings. JNJ rose 1.75% following better than expected earnings, improved 2020 guidance and four upgrades. But the analysts also caution that pending litigation for opioids and their baby powder could keep gains limited.


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October 15, 2019

Chipmakers look good. Graphic chipmaker, NVIDIA (NVDA) is up 6% to a 10 month high thanks to an upgrade. Merrill Lynch upgraded the stock with a $250 price target. The analyst went on to say Nvidia data center growth is on the cusp of benefitting from the next-big... Read More

October 14, 2019

Tesla (TSLA) moving ahead with production in China. The US electric carmaker is up 3% to a three-month high on news the company has started building a battery factory in Shanghai after wrapping up construction of its Phase-1 factory complex, where their cars will be assembled.Tesla is also on... Read More

October 11, 2019

Apple (AAPL) breaking out to new all-time highs. The new iphone 11 is selling better than expected lifting optimist for the holiday season. Apple has received a number of upgrades this week with price targets as high as $260 a share. Optimism for a trade deal or partial trade... Read More

October 10, 2019

Bed Bath & Beyond (BBBY) soars on hiring of new CEO. The home goods retailer is jumping 20% after naming Mark Tritton as their new CEO. Mark is a three-decade retail veteran who was credited for launching Target's private label development. He was also a former executive... Read More

October 9, 2019

Roku (ROKU) jumping 7% on an upgrade. The TV streaming platform company is trading higher after an analyst at Macquarie upgraded the stock with an Outperform rating and raised their price target from $110 to $130 per share. The analyst believes the shift to connected television in the United... Read More

October 8, 2019

American Airlines (AAL) looking better. The airliner is up 3.5% after posting their best on-time arrival rate of 82.9 percent in September, its strongest month since November 2017 and the seventh-best monthly performance since American and US Airways merged in 2013. American is also benefitting from a lawsuit form... Read More

October 7, 2019

Oil companies becoming like utilities? Oil company, ConocoPhillips (COP) is up 3% after boosting its dividend payout by 38% lifting the yield to 3%. The company also announced a $3 billion buyback program which could buy back 5% of their outstanding shares. For years energy stocks have gone nowhere... Read More

October 4, 2019

Apple (AAPL) leading the chip sector higher. Apple is up over 2% after the Nikkei Asian Review reported the company asked its suppliers to increase production for the iPhone 11 by up to 10%. Apple suppliers like Skyworks Solutions (SWKS) is up 4%, Lumentum Holdings (LITE) is... Read More

October 3, 2019

Duty calls. Video game maker, Activision Blizzard (ATVI) is up 3% not far from a 10-month high as their new video game, Call of Duty has exceeded 20 million downloads just days after becoming available. The analyst at KeyBanc was out positive on the stock this morning with a... Read More

October 2, 2019

Housing market still strong. Homebuilder, Lennar (LEN) is one of the few diamonds up 3% to a new 52 week high following better than expected third-quarter earnings. Lennar beat expectations by 27 cents as sales rose 3.3 to $5.86 billion. Deliveries of 13,522 homes rose 7%, new orders of... Read More

October 1, 2019

The chips in the lead to start the fourth quarter. After a downturn earlier in the year, the chips stocks are performing well heading into year end. The PHLX Semiconductor Index is up nearly 1% to start the day. Nvidia (NVDA) is jumping 2.5%. Cree (CREE) is... Read More

September 30, 2019

Apple (AAPL) closing out the third quarter on a high note. Apple is up 2% back toward the yearly high on an upgrade at JPMorgan. The analyst expects investor sentiment on Apple to improve materially as it becomes clear that iPhone sales are outperforming "muted" expectations. The analyst raised... Read More

September 27, 2019

Wells Fargo (WFC) gets a new CEO. The scandal-hit, regulatory constrained big bank is jumping 4% to a six-month high after naming a popular and proven bank leader, Charles Scharf as the new CEO. Mr. Scharf was formerly CEO of New York Mellon and Visa along... Read More

September 26, 2019

An upgrade for drug maker, AbbVie (ABBV). ABBVie is up 2% to a three-month high after the analyst at Citigroup upgraded the stock with a $90 price target, 20% above current levels. The analyst expects the pending acquisition of Allergan and better prospects for AbbVie's drugs, Skyrizi and Rinvoq... Read More

September 25, 2019

Nike (NKE) flying higher. The sneaker and apparel company is up 5% to new highs following earnings. Nike easily beat estimates as profits grew 25% and sales rose 7.2% to $10.66 billion. The results alleviate fears about the ongoing trade war between the U.S. and China. It also relieves... Read More

September 24, 2019

Wynn Resorts (WYNN) winning today. The casino company is up 2% thanks to an upgrade at Goldman Sachs. The analyst raised their price target to $155 a share based on valuation and improving fundamentals in Macau, China along with their new Boston Harbor casino, Encore. Netflix (NFLX) negative for... Read More

September 23, 2019

Cree (CREE) building more manufacturing in CNY. The LED and semiconductor company is up 3.5% after announcing expansion plans on the East coast. Cree is investing $500 million into its Durham NC site to expand its materials production, but a new wafer manufacturing facility originally planned for... Read More

September 20, 2019

Scholastic (SCHL) having a good day following earnings. The publisher of textbooks and children's titles is up 6% today after easily beating expectations as sales rose 6.5% to $232.6 million. The beat was due in part to two children's best sellers, Dav Pilkey's "Dog Man, For Whom the Ball... Read More

September 19, 2019

Microsoft (MSFT) back to a trillion dollars. Mr. Softie is up 2% to new all-time highs following a 11% dividend hike and approval of a $40 billion stock repurchase program. Microsoft bought back $19.5 billion, $10.7 billion, and $11.8 billion in stock in fiscal 2019, fiscal 2018, and fiscal... Read More

September 18, 2019

Chips and storage devices on the rebound. Seagate Tech (STX) is up a percent making a new 52 week high earlier in the day after the company raisied guidance due in part to accounting changes. Seagate now sees quarterly earnings of 94 cents to $1.04 per share verse estimates... Read More

September 17, 2019

Airlines rebound with the drop in oil. American Airlines (AAL) is up 3% as the price of oil pulls back 5% as Saudi Arabia expects normal capacity back on line by the end of September. It's a... Read More

September 16, 2019

Hess (HES) is up 8% to a 10 month high following the attacks on Saudi Arabia's oil fields and refiners over the weekend. The largest oil refiner in the world was attacked over the weekend causing the price of oil to jump 10%. Goldman Sachs strategists put out a... Read More

September 13, 2019

An upgrade for Netflix (NFLX) has the stock up 2%.  Everyone and their brother is starting up their own streaming services. Apple this week announced their own Apple TV+ service for $4.99 a month. Netflix stock is down over 20% in the last two months, but today the stock... Read More

September 11, 2019

No trade tariff problem for Micron (MU). The DRAM chipmaker is up 2% today on an upgrade and up nearly 50% since the June lows. The Longbow research analyst raised his rating on Micron to a buy from neutral with a new price target of $66 a share. The... Read More

September 10, 2019

Oil looking good again. The driving season is over, but the price of oil is moving higher again. Oil-service giant, Schlumberger (SLB) is up 5% on an upgrade from Morgan Stanley. The upgrade is due to improving cash flow, a focus on international markets and maintaining its hefty dividend... Read More

September 9, 2019

AT&T (T) worth $60 a share? Ma Bell is up 3% to a new 52 week high following a $3 billion investment from activist firm Elliott Management. Founder, Paul Singer sent a letter to AT&T asking for a bunch of changes that could unlock value, pushing the stock to a... Read More

September 6, 2019

Lululemon Athletica (LULU) keeps stretching higher. The athletic apparel stock is up 6% to new highs following better than expected earnings. The company easily beat expectations as rose 22% to $883 million. Lululemon has done a good job of expanding into business into men's' apparel up 19% growth and... Read More

September 5, 2019

Palo Alto Networks (PANW) work hard to keep the crooks away. The cybersecurity firm is up 7% after beating expectations as sales rose 22% to $805.8 million. The guidance was mixed but is seeing strong demand surpassing a billion dollars in billings within the quarter for the first time.... Read More

September 4, 2019

Navistar International (NAV) fires up the engine. The truck and diesel engine maker is jumping 10% following earnings. Navistar easily beat expectations by 35 cents as sales rose 16% to $3.02 billion. On the conference call, management said order activity picked up due to traditional fleet ordering season. The... Read More

September 3, 2019

American Tower (AMT) rising tall. The cell tower company stock is up 2% to new highs after signing a new long-term agreement with AT&T to streamline wireless network deployments while enhancing AT&T's deployment of 5G and other next generation technology across the U.S., including FirstNet. Once Hurricane Dorian passes... Read More

August 30, 2019

Tesla (TSLA) getting a free pass. The battery car maker is up 3% after China's automotive regulatory body said it will exempt Tesla vehicles from its purchase tax, helping the electric car company lessen the impact of higher costs from tariffs in the trade war. The announcement comes as... Read More

August 29, 2019

Burlington Stores (BURL) ready for winter. The coat/jacket retailer is up 17% to a new high following strong earnings. Earnings easily beat expectations as sales rose 10.1% to $1.66 billon. The company also raised full year comps. Management said they were very pleased with our second quarter results, driven... Read More

August 28, 2019

 Coty (COTY) looking for a turnaround. The Cosmetics maker is up 5% following earnings and raising annual revenue forecasts as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising. The company said in July it would write down about $3 billion in... Read More

August 27, 2019

J&J (JNJ) loses in the courts but wins on Wall Street. The drug company, J&J is up 3% after a Oklahoma judge on Monday ordered Johnson & Johnson to pay $572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers, a... Read More

August 26, 2019

Bristol-Myers (BMY) trading up 3% as the deal to acquire Celgene is moving forward. Bristol today announced Celgene will sell the rights to their psoriasis drug, Otezla to Amgen for $13.4 billion. The FTC required the sale of Otezla as a condition of allowing the merger. Bristol-Myers Squibb... Read More

August 23, 2019

Salesforce (CRM) cloud still rising. The cloud-computing software firm is one of the few stocks trading higher following earnings. Salesforce easily beat expectations by 19 cents as revenues rose 21% to $4 billion. The company has been on a shopping spree, buying Tableau Software for $15.7 billion along with... Read More

August 22, 2019

Nordstrom's (JWN) piano sounds sweet. The retailer is up 4% following better than expected earnings. Earnings beat by 13 cents even as sales fell 4.8% to $3.87 billion. The company's prior quarter led to losses, coming on the heels of a tough holiday 2018 season. Nordstrom had been one... Read More

August 21, 2019

Target (TGT) is on target. The retailer is having its best day as a publicly traded company up 18% to new highs thanks to strong earnings. Target easily beat expectations by 20 cents a share as sales rose 3.6% to $18.42 billion. Apparel and essentials drove the quarterly performance.... Read More

August 20, 2019

Home Depot (HD) continues to impress. The big box home improvement retailer is up 4%, it's best day of the year, not far from a 52-week high following earnings. Home Depot beat by 9 cents as revenue rose 1.2% to $30.84 billion. Home Depot cut full-year comparable-store sales, which was... Read More

August 19, 2019

  Estee Lauder (EL) doing well in China. The cosmetic giant is up 9% to new highs thanks to strong sales in Asia. Estee Lauder beat by 10 cents as sales rose 9% to $3.59 billion. The... Read More

August 16, 2019

After a 10% decline yesterday, General Electric (GE) is rebounding 3.3% thanks to more insider buying and a number of people defending their accounting practices.  GE sold off yesterday after a Madoff whistleblower said, GE was bigger fraud than Enron and Worldcom. He continued to say the company was hiding... Read More

August 15, 2019

Walmart (WMT) leading the rebound. The giant retailer is up 5% following better than expected earnings and boosted outlook for the rest of 2019. The second quarter comp sales came in ahead of expectations. On a two-year stacked basis comp sales grew... Read More

August 14, 2019

Flight to safety. Global economic weakness, escalating China-US trade war tensions, rioting and protests in Hong Kong and political uncertainty in Argentina has investors fleeing to safe havens. Gold ETF (GLD) is up a percent and up 7% for the month.... Read More

August 13, 2019

The government likes Apple (AAPL). Apple is surging 4% after the Trump administration said they will delay 10% tariffs on certain Chinese products, including laptops and cell phones that had been scheduled to start next month. The reason for the removal of... Read More

August 12, 2019

Amgen (AMGN) wins a court case. The biotech giant is up 5% today after rallying 5% on Friday following a court case that went their way. The district court of New Jersey on Friday upheld the validity of its two patents on blockbuster rheumatoid arthritis drug Enbrel against Novartis'... Read More

August 9, 2019

  Roku (ROKU) defying the market sell-off. The streaming device maker is up 3% today and up over 20% this week following better than expected earnings and revenue that rose 59.5% to $250 million. The company... Read More

August 8, 2019

  Lyft (LYFT) getting a lift. The ride-sharing stock is up 4% following better than expected earnings as sales rose 71% to $867.3 million. Lyft reported a number of key metrics that were better than... Read More

August 7, 2019

  CVS Health Corp (CVS) in better shape. CVS is jumping 6% following better than expected earnings as sales jumped 35% to $63.43 billion. CVS game in-line guidance for the third quarter, but... Read More

August 6, 2019

Take that Fortnite! Video game maker, Take-Two Interactive (TTWO) is up 9% to a nine month high following earnings. Take-Two actually missed earnings estimates as sales rose 46% to $422.24 million well above the $356.65 million estimate. Take-Two raises sales estimates for... Read More

August 5, 2019

Only a few diamonds today. Newmont Goldcorp (NEM) is up 2% as the price of gold hits $1470/oz, a new six-year high amid trade and growth concerns. No news on Goldcorp. The stock is still not far from its 52 week low following disappointing earnings back in July, but... Read More

August 2, 2019

Monkey see, monkey do. Survey Monkey (SVMK) is one of the few diamonds today up 16% back toward its IPO price from last year. Survey Monkey beat by 4 cents as sales rose 19.8% to $75.14 million. Average revenue per user reached $442, eight percent higher than $410... Read More

August 1, 2019

Kellogg (K) having a good day. The consumer branded food maker is up 8%, its biggest one-day gain in 19 years, to an eight month high following earnings. Kellogg's sales grew 3.0% to $3.46 billion thanks to better innovation, momentum on revitalized snacks brands, better price realization, and continued expansion... Read More

July 31, 2019

Apple (AAPL) shining brightly. Apple is up 3% to an eight month high, flirting with the trillion dollar market cap, following strong earnings and guidance. Apple continues to diversify their business as the iPhone division fell to about 48% of total revenue.... Read More

July 30, 2019

P&G (PG) shining brightly. The consumer products company is up 4% to new all-time highs following better than expected earnings. Earnings were driven by 7% growth in organic sales and strong e-commerce growth with online sales up 25% to more than $5 billion,... Read More

July 29, 2019

Good news, the CEO is leaving. Generic drug company, Mylan (MYL) is up 9% after agreeing to combine with Pfizer's off-patent branded and generic established medicines business. Pfizer shareholders will own 57% of the combined company, while Mylan shareholders will own 43%. Mylan is up over 13%. The... Read More

July 26, 2019

It's a Google kind of day. Alphabet/Google (GOOG) is trading up 10%, its biggest one-day gain, thanks to strong earnings and a $25 billion share buyback. Google easily surpassed estimates by 24% as sales rose 22% to $38.94 billion. Sales were led by ad... Read More

July 25, 2019

Bristol-Myers Squibb (BMY) finally rebounding. Drug maker, Bristol is up 4% after initially opening down 2% after acknowledging their top-selling cancer drug faces challenges in the coming years with a clinical trial setback. But thanks to better than expected earnings and revenue up 10% to $6.27 billion, ahead of... Read More

July 24, 2019

UPS (UPS) is looking good. UPS is up 8%, its best one-day gain in a decade, to a four month high following better than expected earnings. UPS beat by 3 cents as sales rose 3.4% to $18.05 billion, ahead... Read More

July 23, 2019

Coca-Cola (KO) back in style. Coke is trading up 4% to record highs following better than expected earnings. Coke's earnings got a boost from drinks with less sugar, more than offsetting the company's sluggish home market. Coke expects to post organic revenue growth of 5%, up from the 4%... Read More

July 23, 2019

Stocks climbed broadly higher as we head into the heart of earniings season.  Our diamond today was Lockheed Martin, which rallied along with several other defense stocks in response to strong results.  Our dog goes to the British pound which is now down 15% since Brexit and now the Brits... Read More

July 22, 2019

  Chips continue to rebound. Micron (MU) is up 3% today, and up 40% in the last two months, thanks to an upgrade at Goldman Sachs with a $56 price target. Goldman said chip inventory levels at its customers... Read More

July 19, 2019

Boeing (BA) flying higher. The aerospace giant is up 4% after taking a $4.9 billion charge against the grounding and delays of the 737 MAX plane. The delivery delays and grounding of the 737 will also cost Boeing $1.7 billion in expenses, but investors seem relieved it wasn't worse.... Read More

July 18, 2019

Big Blue moving in the right direction? IBM (IBM) is up 4% following the usual lackluster earnings. IBM beat earnings thanks to share buybacks, but revenue declined 4%, the fourth consecutive quarterly decline for sales. However, IBM has completed... Read More

July 17, 2019

The job market must be strong. Corp and employee uniform maker, Cintas (CTAS) is jumping 7% to new highs following strong earnings. The company easily beat earnings estimates as sales rose 7.4% to $1.79 billion. A healthy economy has helped drive business... Read More

July 16, 2019

JB Hunt (JBHT) continues to chug along. The trucking and logistics company is up 6% to a three month high following earnings. Earnings were not spectacular beating by 2 cents as revenues rose 5.7% to $2.26 billion. But the stock was not... Read More

July 15, 2019

Gilead invading the Galapagos. European drug maker, Galapagos (GLPG) is jumping 17% after receiving a $5 billion investment from Gilead Science. Galapagos will use the proceeds to expand and accelerate its research and development programs. Gilead will receive an exclusive product license and option rights to develop and commercialize... Read More

July 12, 2019

  Ollie's Bargain Outlet Holdings (OLLI) looks like a bargain today. The discount retailer is up 5% to a one month high as newsletter, SmallCap Informer, selected Ollie's Bargain Outlet as their top investment idea for 2019.... Read More

July 11, 2019

Favorable news for the health insurers. CVS Health (CVS), Cigna (CI), Unitedhealth Group (UNH), Humana (HUM), and Anthem (ANTM) are all up over 3% after the Trump administration withdrew its sweeping proposal to eliminate rebates from government drug... Read More

July 10, 2019

No trade problems for WD-40 (WDFC). The household products company rose 8% today to a four month high following better than expected earnings and raised guidance led by sales in the Asia-Pacific region up 14%. Sales in the US declined, but profits... Read More

July 2, 2019

The three major averages finished higher today while the small cap Russell index was lower in slow holiday trading.  Our diamond  is Delta who re-affirmed numbers and got the attention of Wall Street. Our dog goes to MSG, the owner of the hapless New York Knicks, which is down... Read More

July 1, 2019

Our diamond today is Genesee Wyoming Railroad (GWR) which rallied over 8% after word that they would be bought by Brookfield Asset Management.  Dog of the day, again, is Boeing, whcih dropped over $7 after the Feds started looking at quality control issues at their Dreamliner plant in addition... Read More

June 28, 2019

The big banks passed their government stress tests. The large cap banks JP Morgan (JPM), Wells Fargo (WFC), Bank of America (BAC), Goldman Sachs (GS) and Citigroup© are all up 2% or more after passing their stress tests and hiking... Read More

June 27, 2019

Walgreens Boots Alliance (WBA) rebounding following earnings. The US pharmacy company is up 5% after beating earnings estimates thanks to prescription drug sales. Last quarter was one of the worst quarters for the company since 2014. Walgreens is facing a number of... Read More

June 26, 2019

Chip stocks rebounding thanks to earnings from Micron (MU). The DRAM maker is up 12% following better than expected earnings and an optimistic forecast of a recovery in chip demand in the second half of the year. Most of the chip stocks... Read More

June 25, 2019

Allergan (AGN) jumping over 25% after agreeing to be bought out by AbbVie (ABBV) for approximately $63 billion, or $188.24 per share in cash & stock. The two companies are trying to diversify away from their two largest drugs, AbbVie's Humira drug for rheumatoid arthritis, the world's biggest-selling... Read More

June 24, 2019

A deal in the casino business. Caesars Entertainment (CZR) is up 16% after agreeing to merge with Eldorado Resorts for $8.6 billion. The combined company will have $6.7 billion in annual revenue and $3.6 billion of annual earnings before interest, taxes, depreciation, amortization, and rent expense, or Ebitdar, from... Read More

June 21, 2019

  Car sales strong at CarMax (KMX). The online car retailer is up 5% to new all-time highs following earnings. The company easily beat expectations as revenues rose 12% to $5.37 billion. Unit sales in comparable stores increased 9.5%, reflecting strong conversion and solid growth in web traffic as they roll... Read More

June 20, 2019

Oracle Corp. (ORCL) leading the tech sector higher. Oracle is up 8% to new highs following better than expected earnings. Revenue for the quarter only grew 1%, but topped expectations thanks to strong sales from their Cloud Services and License Support business... Read More

June 19, 2019

Adobe (ADBE) firing on all cylinders.  The company known for their Acrobat software that helps view, create, manipulate, print and manage files is jumping 5% near all-time highs following earnings. Adobe beat expectations as sales rose 25% to $2.74 billion. Guidance was light for the third quarter, but investors were... Read More

June 18, 2019

Chip stocks rebounding on hopes of trade tariff deal. Nvidia (NVDA) is jumping 6%, Intel (INTC) is up 3.5%, and Texas Instruments (TXN) is up 4% on news President Donald Trump said he will be meeting with his Chinese counterpart,... Read More

June 17, 2019

 Sotheby's (BID) did a good job of auctioning off their own stock. The high-end art auctioneer company is up 56% after agreeing to be bought out by billionaire, Patrick Drahi for $3.7 billion. The offer represented a premium of 61% to Sotheby's closing price on Friday. The deal will result... Read More

June 14, 2019

Chewy (CHWY) looks good. The online pet retailer is jumping over 50% from its IPO price after coming public today. Chewy now sports a market cap of $14 billion while generating $3.5 billion in sales. PetSmart acquired Chewy in 2017 for a reported $3.35 billion and with remain... Read More

June 13, 2019

Retail is finally having a good day. Lululemon (LULU) is jumping 3% following strong earnings. RH (Restoration Hardware) is jumping 20% following strong earnings. Red Robin is jumping over 20% on rumors of a private equity firm making a buyout bid. A downgrade for Twitter (TWTR).  The online social... Read More

June 12, 2019

Johnson & Johnson (JNJ) trading up thanks to a positive drug trial. Johnson & Johnson is up 1.5% to a six month high after announcing results of new subgroup analysis from landmark phase 3 CREDENCE study — INVOKANA which significantly reduced the risk of major cardiovascular events and... Read More

June 11, 2019

Facebook (FB) up 2% on an upgrade. The FAANG stocks have taken on the chin recently due to regulatory scrutiny and suggestions of breaking up the tech titans. An anayst upgraded Facebook this morning with a $210 price target saying the improving underlying fundamentals more than offset the regulatory risks. Beyond Meat... Read More

June 10, 2019

Merger Monday. Raytheon (RTN) is up 2% after agreeing to be bought out by United Technologies (UTX) for $120 billion merger in an all stock deal. The combined companies will have roughly $74 billion in sales. Raytheon, which makes the Tomahawk and Patriot missile systems for the U.S. military, will... Read More

June 7, 2019

Beyond Meat (BYND) beyond selling off. The faux meat-maker's shares are up 26% today and have quadrupled since coming public last month. The company is still losing money, but sales rose 240% to $40 million. For the year, the company raised sales guidance to $210 million. The market cap... Read More

June 6, 2019

Stitch Fix (SFIX) reported a profit. The clothing delivery company is jumping 15% to a two month high following better than expected earnings. Sales rose 29% to $409 million. Stitch Fix also raised guidance for the current quarter and the full year.... Read More

June 5, 2019

Insider buying at American Airlines (AAL) has the stock up 4%. Chairman and CEO of American Airlines Group, Douglas Parker spent $1.4 million to buy 50,000 shares of his stock on Tuesday signaling to the market the stock is attractively valued. Four other executives bought stock for a combine $800 million. American Airlines has come under... Read More

June 4, 2019

Apple leading the markets higher up 3.6% while the major averages are up 2%, getting back some of the 6% we lost in May. Apple is trading higher following yesterday's investor day where they unveiled, among other things, more information about a TV Plus service, a new Apple Arcade gaming service... Read More

June 3, 2019

A merger in the chip space. Cypress Semi (CY) is jumping 25% after agreeing to be acquired by German chipmaker, Infineon Tech for $8.7 billion in cash. The combined entity would become a top 10 chip-maker, globally. The merger will give Infineon access... Read More

May 31, 2019

Uber (UBER) and Lyft (LYFT) getting a lift. The ride sharing companies rose 1% and 5% respectively following better than expected earnings from Uber. Uber actually reported a loss of $2.26 a share or $3.8 billion as sales rose 19.9% to $3.1 billion. Gross bookings increased 34% to... Read More

May 30, 2019

At least one retailer moving in the right direction. Dollar Tree (DLTR) is up 3% following better than expected earnings.   ... Read More

May 29, 2019

Beyond Meat (BYND) beyond selling off. The meatless burger company is jumping 6% on an upgrade and expansion plans. Yesterday, on National Hamburger Day, Beyond Meat announced plans to complete its first manufacturing facility outside the U.S. by the first quarter of... Read More

May 28, 2019

Advanced Micro Devices (AMD) getting into the gaming business. Chipmaker, AMD is up 10% at a two month high after unveiling a new line of chips for PCs and gaming that will ship in the next six months. They include a... Read More

May 24, 2019

A little bit of good news for Boeing (BA). Boeing is trading up 2% on news the FAA is expected to approve Boeing Co's 737 MAX jet to return to service as soon as late June. This target if achieved, means... Read More

May 23, 2019

L Brands (LB) rebounding 12% following earnings.  The company's two principal divisions are continuing in opposite directions – comparable sales at Victoria's Secret, which has been struggling in the throes of an identity crisis, fell 5% to $1.148 billion at the same time that sales at the much more stable... Read More

May 22, 2019

Target (TGT) back on target. The retailer is jumping 9% following better than expected earnings as revenue rose 5.0% to $17.63 billion. Target's strategy to invest more in its delivery services and revamp stores drew in more shoppers this quarter. Their new... Read More

May 21, 2019

DowDuPont (DWDP) is up 4% on a $2 billion share buyback. DuPont will become an independent company on June 1st following the separation of the specialty products and agriculture business. DuPont will initiate the $2 billion share-repurchase program following... Read More

May 20, 2019

Sprint (S) and T-Mobile (TMUS) soar after the FCC Chairman supports their merger. Sprint is up 24% while T-Mobile is up 6% as the two companies will have to make minor concessions to get their deal approved, a year after the announcement.  The FCC wants the two... Read More

May 17, 2019

Chip equipment makers bucking the trend. Applied Materials (AMAT) is up 4% following better than expected earnings even as revenues fell 22% to $3.54 billion. The company issued in line guidance going forward easing fear that business was continuing to deteriorate. The semiconductor industry has been grappling with slowing... Read More

May 16, 2019

Two Dow components lifting the major averages. Cisco Systems (CSCO) is jumping 7% after beating earnings estimates as sale rose 4% to $12.96 billion. The company also gave inline guidance, but is seeing strong demand for its new switching products to take... Read More

May 15, 2019

An upgrade for Google-parent Alphabet (GOOGL) has the stock up 3%. Deutsche Bank analyst increased his price target to 1,400 from 1,300 for Alphabet saying there is an accelerating pace of new ad products that could lift business for 2020. The analyst... Read More

May 14, 2019

Disney (DIS) getting Hulu back. Disney is trading up nearly 2% after Comcast agreed to give Walt Disney full operational control of the streaming service Hulu. Comcast could sell its remaing one-third stake as soon as 2024. This removes an obstacle for Disney's quest to take on rivals including Netflix. Disney... Read More

May 13, 2019

Ugly day for the broader market. The utility sector (XLU) is up nearly a percent as money shifts to defensive sectors.  Gold and other metal stocks are higher as well. Alamos Gold (AGI) is trading up 6%. Even Bitcoin is trading higher today. Everything else, pretty much lower. Escalation of... Read More

May 10, 2019

Another merger in the oil patch. Pipeline company, Buckeye Partners (BPL) is jumping 28% after agreeing to be acquired by private equity firm for $10.3 billion. The Buckeye CEO, said he thinks his company's position in public markets has been hurt... Read More

May 9, 2019

Roku (ROKU) firing on all cylinders. The number 1 smart TV system is up 25% to new highs following earnings. Earnings easily beat expectations as sales rose 51% to $206.7 million, ahead of estimates. Roku added 2 million new customers to end... Read More

May 8, 2019

Boycotts not hurting Wendy's (WEN). The fast food restaurateur is up 4% to a new 52 week high following better than expected earnings. The burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with... Read More

May 7, 2019

AIG (AIG) jumping to a seven month high, breaking a six quarter losing streak. The US insurer conglomerate is up 3% thanks to strong earnings particularly from their largest unit. The property-casualty business has struggled with pay out charges in recent... Read More

May 6, 2019

Sysco Corp (SYY) looking good today. The food and food service company is up 2% following earnings. Sysco easily beat earnings expectations as revenues rose 2% to $14.66 billion. Management said the results for the quarter showed strong improvement in year-over-year growth.... Read More

May 3, 2019

Universal Display (OLED) shining brightly. The lighting technology company is jumping 18% following blow out earnings as revenues rose 101% to $87.8 million, easily surpassing expectations. The surprise upside came from South Korea customers, up 36% quarter over quarter. Sales to Chinese... Read More

May 2, 2019

MetLife (MET) doing better than the Mets. The US Insurer is up 3% to a seven month high following better than expected earnings buoyed by strong underwriting, volume growth and higher investment income. Premiums and fees rose 2 percent to $11.26 billion in the first quarter from a year earlier,... Read More

May 1, 2019

Apple (AAPL) hits a trillion dollar market cap again. Apple is up nearly 7% to a six month high following better than expected earnings. iPhone revenue actually declined 17%, but record service growth and improved gross margins lifted earnings. The CEO... Read More

April 30, 2019

The golden arches shining brightly. McDonalds (MCD) is trading up 2% at new all-time highs following better than expected earnings. McDonald's is benefitting from menu additions like the new two for $5 deal, tweaking their breakfast menu to add donut sticks, and... Read More

April 29, 2019

Sector rotation into the banks. The financial sector is up 1.4% leading the broad market rally. Citigroup (C ) is leading the charge up 3%. JP Morgan, Goldman Sachs, Charles Schwab and Bank of America are all up over 2%. No news on... Read More

April 26, 2019

Ford's (F) pickup truck is kicking butt. Ford is jumping 10% to a nine month high following better than expected earnings. The popular F-Series truck was the big winner in the first quarter gaining market share. The F-Series is also the highest margin... Read More

April 25, 2019

Microsoft (MSFT) tops a $1 trillion value. Microsoft is up 4% to all-time highs following better than expected earnings. Cloud business profit margins grew to 63%. Revenue rose 14% to $30.2 billion. Intelligent Cloud revenue, which includes its Azure offering, rose 22% to $9.7 billion. Plenty of upgrades with... Read More

April 24, 2019

EBay (EBAY) trying to break out. The online auction site is up 4% trying to break out of a range following better than expected earnings. Active buyers grew 4% across its platforms, for a total of 180 million global active buyers. Revenue... Read More

April 23, 2019

Lockheed Martin (LMT) flying higher following earnings. Lockheed is up 5% to a seven month high thanks to strong F-35 fighter jets. The F-35 program deliveries jumped to 26 from 14 a year ago. Aeronautics revenue jumped 27% to $5.58 billion on higher net sales while the missiles and... Read More

April 22, 2019

Kimberly-Clark (KMB) loves Huggies. The consumer conglomerate known for Huggies and Kleenex is up 5% to new highs following better than expected earnings. Sales actually fell year or year and the company provided in line guidance for the year, but investors seem... Read More

April 18, 2019

Union Pacific (UNP) says the US economy looks good. The US rail operator rose 4% to new highs overcoming severe cold weather and flooding along the Missouri River and its tributaries to report better than expected first quarter earnings. Management said the ongoing... Read More

April 17, 2019

Pepsi (PEP) trading up 3% to a new 52 week high. The beverage maker reported better than expected earnings and sales as an advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally. Core sales grew... Read More

April 16, 2019

Blackrock (BLK) melting up. The world's largest asset manager, Blackrock is up 3% to a six month high following better than expected earnings. The CEO, Larry Fink said there is a better chance of a "melt up" in stocks than a... Read More

April 15, 2019

Trash is King. Advanced Disposal (ADSW) is up 21% after agreeing to be acquired by Waste Management, the country's largest trash and recycling company. Based in Houston, Waste Management is moving East adding 3 million residential and industrial customers of Advanced Disposal,... Read More

April 12, 2019

A good day for Walt Disney (DIS). The media giant is jumping 12% after unveiling direct-to-consumer (DTC) strategy with Disney+ at its Investor Day last night. Disney+ set to launch in U.S.market on November 12 at $6.99/month, or $69.99/year, undercutting Netflix quite substantially and was below some estimates... Read More

April 11, 2019

Airlines look good ahead of Easter break. All the major airlines are up over one percent with American Airlines (AAL) up over 2%. One of the biggest users of the Boeing 737 MAX, American has had to cancel hundreds of flights... Read More

April 10, 2019

Discovery (DISCA) had a good day. The media company that owns various networks including Discovery, HGTV, and Food Network jumped 6% to a four month high after announcing a on-demand programming partnership with Alphabet's YouTube; eight channels from Discovery network brands... Read More

April 9, 2019

The force is with Walt Disney (DIS) once again. The stock is up 2% to four month high on two upgrades ahead of an Investor day on Thursday. Disney's stock has been stuck in a range between about $100 and $120 for... Read More

April 8, 2019

A new age for New Age Beverage (NBEV). The functional medical beverage company is up 18% after announcing a distribution agreement with Walmart for their Marley brand of beverages. New Age acquired Marley in mid-2017 and in 2018. The company's partnership with Walmart... Read More

April 5, 2019

Oil stocks are gushing today with Brent crude hitting $70 a barrel for the first time since November. Devon Energy (DVN), Apache (APA), EOG (EOG), Hess (HES) and others are trading up 3% or more. This won't make President Trump happy.  The White House is... Read More

April 4, 2019

Constellation Brands (STZ) jumped 6% to a four month high thanks to beer sales and their investment in cannabis.  Beer and wine sales at Constellation Brands led their industry in the fiscal year ending February. But when the company reported earnings this... Read More

April 3, 2019

Chip stocks keep rallying. Advanced Micro Devices (AMD) and Intel (INTC) are higher following upgrades at Nomura Securities. AMD is up 9% as the analyst called it a stand out in the chip space. Intel, Texas Instruments, Microchip are all... Read More

April 2, 2019

Delta Air Lines (DAL) flying higher. Delta is jumping 4% after releasing better than expected March metrics while also raising first quarter guidance. Delta expects 7% top-line growth with margin expansion while also accelerating a $1 billion in share repurchases in the... Read More

April 1, 2019

No April Fool's joke, the markets look good to start April and the new quarter. The big banks JP Morgan, Bank of America, and Citigroup are trading up more than 2%. Fifth Third (FITB) is up 2.6% on an upgrade. Amazon is... Read More

March 29, 2019

Ride sharing giant Lyft (LYFT) getting a lift. The ride sharing giant is up 20% after being priced at $72 per share amid high demand, valuating the company at over $24 billion in the booming market for car sharing. The company beat rival Uber to the market in one of the largest and most closely watched initial public offerings of the year. The ridesharing industry has become one of the most transformational growth sectors of the US consumer market over the past five years. Read More

March 28, 2019

A good day to be a retailer. Lululemon athletica (LULU) is jumping 15% following earnings. Watchmaker, Movado (MOV) is up 20% following earnings. Five Below (FIVE) is seven percent higher while PVH (PVH), the owner of Calvin Klein,... Read More

March 27, 2019

Homebuilders are rebounding. The nation's largest home builder, Lennar (LEN) is jumping 4% to a eight month high following earnings. Earnings actually missed earnings estimates as revenue rose 29.8% to $3.87 billion, missing estimates as well. However, Lennar is making strategic initiatives... Read More

March 26, 2019

Bed Bath & Beyond (BBBY) needs a makeover. The home furnishing retailer is spiking 27% on news activist investors want to replace the entire board of directors. Bed Bath & Beyond used to be the go-to home-supply store for many consumers, from... Read More

March 25, 2019

Thermo Fisher Scientific (TMO) is heating up. The world's largest maker of scientific instruments is up a percent not far from all-time highs after agreeing to acquire privately held, Brammer Bio for $1.7 billion cash deal. Brammer Bio is a leader in... Read More

March 22, 2019

Papa Johns (PZZA) gets a Shaq. The struggling pizza chain retailer is up 4% after Shaquille O'Neal agreed to invest and endorse the company. Founder John Schnatter, whose image had once been deeply ingrained in the pizza chain's marketing, agreed earlier this... Read More

March 21, 2019

Levi Strauss (LEVI) comes public again after a 34 year hiatus. The jean maker is up 33% from its IPO price of $17 a share set earlier in the week. The NYSE welcomed the new IPO by suspending their "no jeans" policy on... Read More

March 20, 2019

General Mills (GIS) has the luck of the Irish. The cereal maker known for Cherrios, Lucky Charms, Cocoa Puffs and others is up 4% to a new 52 week high following earnings. General Mills easily beat expectations as revenue rose 8.1% to... Read More

March 19, 2019

Ford Motors (F) finally having a good day. The automaker is up 3% after boosting U.S. production of its largest sport utility vehicles in a move to grab profits in a market where consumers favor larger, more comfortable vehicles. Ford's Kentucky Truck plant... Read More

March 18, 2019

Worldpay (WP) in play. The electronic payment processing firm, processing more than 40 billion transactions a year, is up 9% to new highs after agreeing to be acquired by Fidelity National Information Services (FIS) for $34 billion. FIS, which provides bank-office, credit-card processing and ATM services to... Read More

March 15, 2019

No chip slowdown at Broadcom (AVGO). The chipmaker is up 10% to new highs following better than expected earnings. Management expects business to bottom in the second quarter driven almost entirely by the seasonal drop in wireless sector (ipones?). Looking at the... Read More

March 14, 2019

General Electric (GE) on the right side of the roller coaster ride again. GE is up 3% back to a one month high after an Investor Day call this morning. GE is calling 2019 a reset year and expects free cash flow to... Read More

March 13, 2019

Aurora Cannabis (ACB) hires a hedge-fund manager, Nelson Peltz. The Canadian cannabis company is up 12% to a five month high on hopes Nelson Peltz, hired as an adviser, can seal new cooperation agreements to help Aurora expand globally and get into... Read More

March 12, 2019

Stitch Fix (SFIX) fixing its problems. The online boutique firm is up 25% to a six month high following earnings. Stitch Fix easily beat estimates as sales rose 25.0% to $370 million. The company also raised current and full year earnings estimates.... Read More

March 11, 2019

Apple (AAPL) shining brightly. Apple is up 5% at a three month high following an upgrade at Bank of America. BofA raised their price target to $210 a share due to a "large reversal of inventory overhang" for Apple iPhones, as well as stability in the group's global supply... Read More

March 8, 2019

Costco (COST) bucking the trend. The wholesale box retailer is up 5% to a three month high following earnings. Costco beat by 32 cents as revenue rose 7.3% to $35.4 billion. February comps were 3.5% and comparable sales growth rose 6.7%. E-commerce... Read More

March 7, 2019

  Insider buying at CenturyLink (CTL). The regional telecom company has seen better days down 50% since August, but the stock is up 5% today on insider buying. The CEO purchased 83,000 shares while the... Read More

March 6, 2019

J.Jill (JILL) has a special dividend for shareholders. The women's apparel company is up 12% following lackluster earnings. Revenues fell 9.4% to $170.9 million. J. Jill issued downside guidance for the first quarter, but upside guidance for the full year. The best... Read More

March 5, 2019

Target (TGT) is on target. Target is up 4% to a four month high on in-line earnings and sales. The company did provide upside guidance for the year. One analyst at Telsey Advisory Group said Target's strategic transformation initiatives—price investment in everyday... Read More

March 4, 2019

Upgrade for Amazon (AMZN). Amazon is one of the few stocks trading higher up a percent following an upgrade at Evercore. The analyst raised his price target to $1,965 a share saying Amazon's shifting business mix and the pace of gross profit growth has become a more relevant indicator... Read More

March 1, 2019

Retail kicking butt. Foot Locker (FL) is jumping 8% to a new 52 week high following better than expected earnings. Fourth quarter comp sales jumped 9.7%. Foot Locker saw strength in their marquee businesses with a mix of running and basketball styles. Nike... Read More

February 28, 2019

Feeling the love. Southwest Air (LUV) is jumping 3.7% on rumors Warren Buffett and Berkshire Hathaway are considering buying the $30 billion airline. Following earnings last week, Warren Buffett said he wanted to do an elephant size deal. Southwest also received FAA approval to serve the Hawaii islands.... Read More

February 27, 2019

It was a Fortnite holiday for Best Buy (BBY). Best Buy is up 16% to a four month high following earnings.   Investments in its online business and expansion of services for smart homes has resonated with consumers and boosted sales. The company cited the frenzy for battle royale game... Read More

February 26, 2019

Things looking up at Etsy (ETSY). The online E-commerce company is up 15% to all time highs following better than expected earnings. Etsy beat expectations by 4 cents as revenues rose 46.7% to $200 million, ahead of estimates. The company gave upside guidance for 2019. Management said the strong... Read More

February 25, 2019

General Electric (GE) spinning off more businesses. GE is up 8% to a four month high after agreeing to sell their biopharma business to Danaher for $21.4 billion. Even though some thought the biopharma business was the "crown jewel" for GE's healthcare unit,... Read More

February 22, 2019

Universal Display (OLED) looking brighter. The supplier of materials and technology for OLED displays and lighting is up 16% as earnings beat expectations even as revenue fell 39.5% to $70.14 million. The earnings improved due to new accounting standards, new license... Read More

February 21, 2019

Avis Budget (CAR) zooming today. The rental car company is jumping 17% to a four month high, its largest one-day percentage move since May 2012 following better than expected earnings. Earnings beat expectations by 20 cents as sales rose 1.5% to $2.05... Read More

February 20, 2019

Something is cooking at Carrol's Restaurant Group (TAST). The local and largest Burger King franchise restaurant operator is up 15% to a three month high following earnings and expansion plans. Non-GAAP earnings for the full year rose 12% to $102.3 million.... Read More

February 19, 2019

Wal-Mart (WMT) flexing its muscle. The world's largest retailer is up 3% not far from a 52 week high following earnings. Walmart beat expectations as sales rose 1.9% to $137.7 billion. U.S. fourth quarter comp sales grew 4.2% vs. +3.2% estimates. The... Read More

February 15, 2019

Cloud computing remains strong. Arista Networking (ANET) is jumping 9% to a four month high following better than expected earnings. Revenues rose 27.3% to $595.7 million. The company also raised current quarter expectations seeing momentum across its cloud titan and enterprise businesses.... Read More

February 14, 2019

Cisco Systems (CSCO) breaking out to new highs. The networking-equipment giant is up 3% to highs not seen since the 2000 tech bubble following better than expected earnings. Cisco beat by a penny as revenues rose 4.7% to $12.45 billion. Cisco also raised guidance and increased the dividend by... Read More

February 13, 2019

Advertising is good at Interpublic Group (IPG). The Madison Avenue company easily beat expectations as sales rose 13.3% to $2.41 billion. Interpublic Group is spending billions to acquire data-mining firms to compete better with the targeted advertising models of Facebook and Alphabet... Read More

February 12, 2019

Chegg (CHGG) chugging along. The online tutoring, textbook and other educational service company is up 9% to a new all-time following better than expected earnings. Chegg easily beat earnings expectations as sales 30% to $95.68 million. The company also raised first quarter... Read More

February 11, 2019

Norfolk Southern (NSC) chugging along. The Southwest railroad company is up 4% to a four month high after revising financial targets to include significant improvement in operating ratio. For full-year 2019, Norfolk Southern seeks to improve operating ratio by at least 100... Read More

February 8, 2019

Skechers (SKX) is off and running. The shoe maker is up 17% following better than expected earnings as revenues rose 11.4% to $1.08 billion. There was strength across all of its businesses with a 18.4% surge in International wholesale business, a 7.5% pop for its global retail business, and... Read More

February 7, 2019

Merger Thursday. U.S. regional lender BB&T (BBT) is buying out rival SunTrust Banks (STI) for $28 billion creating a combined bank worth $66 billion with assets of $442 billion. Today's deal is the world's largest bank merger in more than a... Read More

February 6, 2019

Oh Snap! Snapchat (SNAP) is jumping 26% following better than expected earnings. The company lost 4 cents a share verse estimates of 8 cents a share. Revenue rose 36.4% to $389.82 million ahead of estimates. The good news for Snapchat is the company is stabilizing business, losing fewer users... Read More

February 5, 2019

Oil continues to shine. British Petroleum (BP) is up 3% to a three month high following earnings. BP beat by 91 cents as sales rose 11.6% to $75.68 billion. As one analyst put it, BP is firing on all cylinders and continues to... Read More

February 4, 2019

Sysco Foods (SYY) looks tasty. The food services company is up 5% to a two month high following better than expected earnings. Sysco reported earnings of 75 cents a share, 2 cents better than expected as revenues rose 2.8% to $14.8 billion... Read More

February 1, 2019

Chevron (CVX) and Exxon (XOM) are gushing oil. Both oil giants are up over 3% following better than expected earnings. Sales at Chevron rose 12% to $42.35 billion while Exxon saw sales rise 8.1% to $71.89 billion. Thanks to strong cash... Read More

January 31, 2019

Facebook (FB) is raking it in. The social media giant is up 10% to a four month high following better than expected earnings as sales rose 30.4% to $16.91 billion ahead of estimates. Daily active users came in at 1.52 billion on average for December 2018, an increase of 9%... Read More

January 30, 2019

Apple (AAPL) and Boeing (BA) are lifting the averages. Apple is up 5% while Boeing is up 7% not far from an all-time high. Apple beat reduced earnings estimates as sales fell 4% and the company reduced first quarter guidance. The good... Read More

January 29, 2019

Corning (GLW) shining brightly. The gorilla glass maker is up 10% following better than expected earnings as sales rose 15.1% to $3.04 billion. Besides sell glass for Apple iphones, Corning's optical communications division saw sales surge 26% to $1.17 billion in the fourth quarter, as the company secured more... Read More

January 28, 2019

Canadian cannabis stocks resume their upward trend. Canopy Growth Corp (CGC) is up 4% today after rallying 8% last Friday following an upgade and a $60 price target. The analyst said the company is well-positioned with a $4 billion investment from Constellation Brands to grow and expand their legal and medical marijuana... Read More

January 25, 2019

Starbucks (SBUX) brewing up something good. Starbucks is up 3% not far from a 52 week high following better than expected earnings. Revenues rose 9.2% to $6.63 billion, ahead of estimates. The closely watched comparable store sales number came in at 4%,... Read More

January 24, 2019

What chip downturn? Semiconductor company, Xilinx (XLNX) is up 18% to an all-time high following better than expected earnings while revenue rose 33.6% to $800 million, 4% above expectations. Xilinx also raised current earnings estimates by 10% and sales estimates by 5%.... Read More

January 23, 2019

Blue chips having a good day. IBM (IBM) is up 8% while P&G (PG) and United Tech (UTX) are up 6% following better than expected earnings. IBM beat expectations and actually raised earnings guidance ahead of the merger with Red Hat. P&G (PG) beat earnings expectations... Read More

January 18, 2019

Move over LL Bean, Vans and Timberlands are gaining popularity. The retail conglomerate, VF Corp (VFC) which owns brand names like Vans, Timberlands and North Face is jumping 10% to a two-month high following better than expected earnings. The CEO said, based on... Read More

January 17, 2019

Cars.com (CARS) zooming higher. The web company that connects consumers to car dealers is up 7% after saying it may explore a sale of the company, just weeks after activist investor Starboard Value pressed management to improve performance. Starboard Value, which owns... Read More

January 16, 2019

Big banks performing well. Bank of America (BAC) is up 7% while Goldman Sachs (GS) is up 9%. Both are at one month highs following better than expected earnings.  Citigroup started off the week with better than expected earnings. Citi is up 10% for the week. As one analyst... Read More

January 15, 2019

Having fun at Dave & Busters (PLAY). The Entertainment and dining stock is up 2% today and up 20% in the last week after raising full year guidance. Dave & Busters hit the trifecta, raising fourth quarter comparable store sales numbers while with full year sales and net income guidance. Food... Read More

January 14, 2019

Citigroup (C ) leading the financial sector higher following earnings. Citigroup is up 4% to a one month high even though earnings were less than stellar in the fourth quarter.  Citigroup actually missed sales estimates due to a decline in the Fixed Income business. The good news is investors are looking past... Read More

January 11, 2019

 General Motors (GM) raises guidance to start the New Year. GM is trading up 7% to a one month high after raising earnings and cash flow numbers. The company said it expects adjusted automotive free cash flow in 2019 to come in between $4.5 billion and $6 billion. GM forecast... Read More

January 10, 2019

Boeing (BA) keeps delivering. Boeing is having a good week up 2% today and up 7.5% for the week. Earlier in the week, Boeing reported fourth quarter deliveries of 238 total commercial airplanes vs 209 in last year. The stock has received two... Read More

January 9, 2019

  The bad news may be priced in? Even though Apple and Samsung lowered guidance, supplier and chipmaker Micron is up 5% today and up 16% in the last four days thanks to two upgrades. Bernstein and span... Read More

January 8, 2019

Union Pacific (UNP) chugging along up 8% to a one month high. The railway company is getting a new COO and an upgrade. Union Pacific hired veteran, Jim Vena as COO less than two years after ending a four decade... Read More

January 7, 2019

Roku (ROKU) looks good to start the New Year. Roku rose 25%, its best day in 14 months, after announcing the number of active accounts in the fourth quarter rose 40% as more and more consumers move to the streaming platform as... Read More

January 3, 2019

The New Year starts with a biotech merger. Celgene (CELG) is up 24% after agreeing to be bought out by Bristol Myers for $74 billion. The deal initially priced Celgene stock at $102 a share, but the stock is only ain the... Read More

January 2, 2019

'January Effect' good for GE (GE). One of the worst performing stocks for 2018 is bouncing significantly to start the New Year up 5% to a one month high. No news on the stock, but typically the worst performing stocks one year get... Read More

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