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Google (GOOG) is jumping 9%, its best day since July of 2015 as revenue grew 15% to $80.54 billion, its fastest growth rate since early 2022. Google/Alphabet said YouTube advertising revenue and Google Cloud revenue exceeded expectations. Google also initiated it first ever dividend and announced a $70 billion... Read More
Chipotle Mexican Grill (CMG) is up 3% on strong earnings, strong demand and resilient foot traffic while margins expanded. Longer term, Chipotle's goal is to double their business in North America and expanding internationally,
Caterpillar (CAT) is dragging down the Dow and S&P 500. One of the world's biggest...
Read MoreTexas Instruments (TXN) and Tesla (TSLA) are leading the S&P 500. Chipmaker, TI and Tesla are up 6% and 9% respectively. One analyst upgraded Texas Instruments saying the bottom is in for the stock and business supply and demand. Tesla reported better numbers than feared while also accelerating... Read More
Toilette tissue is back. Kimberly Clark (KMB) is up 5% following strong earnings and guidance. The maker of Huggies, Kleenex, Scott and Cottonelle saw strong volume growth. The company also raised guidance for the year. Kimberly Clark will devest some of their portfolio and continue to cost cut to... Read More
Banks are bouncing back. Regional bank, Truist (TFC) is up 3% on earnings. Last week KeyCorp and M&T Bank reported better than expected earnings. Wells Fargo and Charles Schwab are at 52 week highs even as interest rates remain stubbornly high. Read More
Financials look good even as interest rates move higher. American Express (AXP) is up 5% while Wells Fargo rises 2% to a 52 week high. American Express saw sales jump 11% as Gen Z and Millennials use their card more often. A good sign for the economy when a... Read More
Alaska Air (ALK) is jumping 5% following better than expected earnings even though they still reported a loss. The airline operator of the Boeing plane that suffered a mid-air cabin blowout in January expects demand to remain strong with robust travel demand this summer for both domestic and international... Read More
Adidas (ADDYY) jumps 5% on strong earnings and guidance as the company moves away from Yeezy and their remaining stock. Adidas seems to be benefiting from a slowdown at Nike, a lack of recent innovation at Nike price conscious consumers selecting Adidas or Nike. JB Hunt (JBHT) moving... Read More
UnitedHealth Group (UNH) is up 5% lifting the Dow on better than expected earnings. Sales rose 8% nearly topping $100 million. The health insurance giant reiterated its full-year profit outlook despite a surge in medical payouts and a costly cyberattack in the first quarter. Banks continue to pullback even as... Read More
M&T Bank (MTB) is up 5% following better than expected earnings and strong guidance, projecting good interest income for the rest of the year. Goldman Sachs and Charles Schwab are up 3% on earnings as well. Tesla (TSLA) is losing its mojo. The electric car maker is down 3%... Read More
Oil prices and energy stocks are higher as Israel prepares for a possible direct attack by Iran. Oil is higher by 2.5% to a six-month high. Exxon (XOM) is up a percent while Occidental (OXY) is up 2.5%. JPMorgan Chase (JPM) is taking a hit down 5% on... Read More
Apple showing some life today. One of the few big cap techs lower for the year, Apple is up 3% on positive comments about their service business while news also broke they will soon be revamping their Mac lineup with new AI focused M4 chips. Earnings season will start with the... Read More
Not many stocks higher today. Tiawan Semi (TSM) is modestly higher after reporting strong March sales. Nvidia (NVDA) is up 2% on the news from Tiawan Semi. Companies still need their AI chips.
Higher interest rates, not helping the real estate or utility sectors today. Utilities are down 2% while...
Read MoreModerna (MRNA) is higher by 6% to a three month high on positive vaccine data for a certain type of head and neck melanoma cancer in a mid-stage study. Moderna is working with Merck in the vaccine. Merck is actually lower on the day. Nvidia (NVDA) is down 3%... Read More
Taiwan Semiconductor (TSM) moving to the US. One of the largest chip companies in the world is up a percent after the Biden Administration will offer the company $6.6 billion in federal grants to open a plant in the US. As China threatens to take over the island, it... Read More
A new AI darling. Dell (DELL) is on a roll up 4% today and up 70% for the year. Following better than expected earnings at the end of February and strong demand for their AI servers powered by Nvidia H100 chips. The company said at the time that its... Read More
Jeans are back. Levi Strauss (LEVI) is the diamond today up 17% after better than expected earnings. The blue jeans maker boosted profits by cutting costs, finding areas for increased efficiencies and focusing less on promotions. Levi's also saw record sales online instead of through its own shops or... Read More
Dave and Busters (PLAY) is having a good time. The entertainment stock is jumping 6% on better than expected earnings and sales for the fourth quarter. The company repurchased $300 million shares during the 2023 fiscal year. Dave & Buster's board hiked its current buyback program by $100 million,... Read More
Commodities are rising again. Oil rose a percent as Exxon Mobil (XOM) rose 2%. Oil cracks $85 a barrel back to the October highs as Brent Crude is up to $88 a barrel. Brent crude has been in a narrow range between $75 and $85 per barrel since the... Read More
The second quarter starts as the first quarter ended with tech in the lead. Google and Meta jumped over a percent as chip stocks AMD and Micron jumped 2% or more. Micron (MU) rose 4% as B of A upgraded the stock with a $144 price target while Microsoft... Read More
The former Restoration Hardware (RH) is jumping despite lackluster earnings. RH is up 17% even as earnings missed by 95 cents. However, RH provided strong upside guidance driven by new product introductions and increased circulation for its Sourcebooks.... Read More
Merck is the diamond today up 4% at a new all-time high, after the U.S. Food and Drug Administration approved Winrevair, the company's life-threatening lung condition treatment, for use among patients with pulmonary arterial hypertension. The drug is expected to dramatically reduce the risk of death and worsening events in... Read More
Would you like a donut with your Big Mac.Krispy Kreme (KKD) is jumping 29% as they expand their deal with McDonalds. Krispy Kreme began selling donuts at McDonald's locations in 2022, with a nationwide rollout slated for 2026. UPS (UPS going the wrong way. UPS is down... Read More
Memory chipmaker is acting better. DRAM maker, Micron (MU) is up 6% today after jumping 13% last week following better than expected earnings and guidance. The stock was mentioned positively in Barrons over the weekend indicating there is more room to run. Heading into Easter, Hershey Company (HSY) fell... Read More
Another chip stock gets a boost from AI. Memory DRAM chipmkaer, Micron Technology rose 14% on better-than-anticipated earnings as the chip inventory problem seems to be over. Nvidia rose a percent while Broadcom rose 5% as both received upgrades. Discount retailer Five Below was the dog down 15% on disappointing... Read More
Chipotle (CMG) cutting prices for shareholders. The fast-casual food chain is jumping 3% to a new all-time high after announcing a 50-for-1 stock split, the first stock split in its 30-year history. Chipotle has been on a roll as their foot traffic remains steadily, bucking the industry trends. As it... Read More
Unilever (UL) is jumping 3% as the company is spinning off Ben and Jerry's Ice Cream to streamline their business and cut costs. Unilever has five of the world's 10 best-selling ice cream brands, including Magnum and Wall's. Ice cream sales generated $8.6 billion in revenue for Unilever last year. SelI... Read More
Google (GOOG) gets a boost from Apple. Google is up 5% on news, Apple is exploring putting Gemini AI on their iPhones to use with their search engine. Apple seems to be struggling to come up with their own AI features, falling behind competitors like Microsoft. Another week, another part... Read More
Regional bank turnaround. NY Community Bank (NYCB) rose 4% today and 15% for the week as the troubled bank starts to rebuild their balance sheet, shore up assets and sell of assets and loans they can. This week NY Community Bank unloaded $899 million in loans, booking a small... Read More
Dicks (DKS) reports better than expected earnings. The sports retailer is jumping 15% after beating by 49 cents as sales rose 7.8% year/year to $3.88 billion. The company also hiked their dividend by 10% as they said they just finished out their best quarter ever in terms of sales. Under... 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.