Diamonds and Dogs

November 20, 2024

William Sonoma (WSM) is the clear diamond in the retail space. The retailer is up 28% to a record high after easily beating earnings estimates. Management saw improving sales trends with market share gains and strong profits in a difficult economic environment. Williams-Sonoma stock has soared over 60% so... Read More

November 19, 2024

Walmart (WMT) higher on earnings. Walmart beat by 5 cents as sales rose 5.5% to $169.59 billion. Guidance for 2025 was inline, however, Walmart did warn that tariffs could mean higher prices down the road, but the retailing giant would do whatever they could to keep prices low for... Read More

November 18, 2024

Warner Brothers Discovery (WBD) jumps 5% after settling their lawsuit with the NBA. In the new deal, the NBA can move forward to work with Disney, Amazon and Comcast to play live games. Warner Brothers will continue to produce their popular, Inside the NBA" show while also... Read More

November 15, 2024

Coinbase (COIN) rose 9% today and up 70% for the month as the trading platform for cryptocurrencies including Bitcoin continues to benefit from the rise in Bitcoin. Bitcoin is up 25% since the election of President Trump. Pfizer (PFE) fell 4% to a new 52 week low. The weakness... Read More

November 14, 2024

Disney (DIS) is a diamond today as the magic is back at the mouse house. The stock is up 8% to new recent highs after beating estimates as revenues rose 6.3% to $22.57 billion. Disney provided upside guidance expecting double digit earnings growth as their streaming business improves. Profit-taking in... Read More

November 13, 2024

Cava Group (CAVA) jumps 2% as the company continues to expand nationwide. The Mediterranean casual fast food company continues to generate strong growth and expansion plans. Sales rose 38% to $243 million. Cava's same-store sales rose by 18% year-over-year, consisting of a 13% rise in traffic and 5% increase... Read More

November 12, 2024

Tyson (TSN) rose 6% thanks to strong earnings. The chicken company is up 6% after easily beating estimates as sales rose just 1.6% to $13.56 billion. Looking ahead to 2025, Tyson expects their chicken business to bring in a billion dollars in operating profits as inflation has come down... Read More

November 11, 2024

Trump related stocks continue to surge. Telsa (TSLA) is up 8% today and up 30% in the last week following the election. A defense AI company, Palantir (PLTR) is up 3% today and up 50% in the last week. Bitcoin is up 8% today and up 19% in... Read More

November 8, 2024

Tesla (TSLA) is up 9% today and up 30% for the week as founder and CEO Elon Musk campaigned for President Trump. The automaker's market cap surpassed the $1 trillion mark today.

Airbnb (ABNB) reverses course, falling 8% following earnings last night. Airbnb reported third-quarter revenue up 10%...

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November 7, 2024

Lyft (LYFT) getting a lift today thanks to earnings. The ride-sharing firm is jumping 22% after better than expected earnings and raised guidance. Sales rose 31.6% year over year to $1.52 billion on record trips. Commuters, a growing segment for them, now account for nearly half of Lyft's weekday... Read More

November 6, 2024

Trump related stocks surged today. Tesla (TSLA) rose 14% as Elon Musk was a big supporter for Trump, the banks like JP Morgan Chase (JPM) and Bitcoin were up 6% or more on deregulation hopes. US Steel (X) rose 8% on tariff protection. Certain stocks and sectors are taking... Read More

November 5, 2024

Palantir Technologies (PLTR) rose 20% after the AI software company reported strong earnings and sales growth while growing customer count by 39%.  US government revenue grew 40% while commercial revenue rose 54%. Palantir also raised quarterly and full year guidance as management is seeing unrelenting AI demand that won't... Read More

November 4, 2024

Chewy (CHWY) jumps 8% on then announcement they will be joining the S&P MidCap 400 index replacing Stericycle which was bought out by Waste Management. The move could cause many mutual funds to add to the position to their portfolio. Chewy also has a high short position which could... Read More

November 1, 2024

Amazon is leading the charge today up 6% thanks to strong earnings from cloud and advertising businesses. Amazon's cloud and AWS business saw profitability rise 19%, affirming their cloud dominance and resilience. Amazon's holiday forecast is ambitious with revenue in the range of $181.5 billion to $188.5 billion with... Read More

October 31, 2024

Carvana (CVNA) in nirvana. The used car reseller is jumping 24% following record profits as sales rose 31.8% to $3.65 billion. Profits per used car sold rose to over $1200 per car or 20%.  Sales seem to be accelerating with fourth quarter sales expected to top third quarter sales... Read More

October 30, 2024

Google (GOOG) is a diamond today up 3% on strong earnings thanks to their cloud business. Google beat by 28 cents as sales beat as well. Google Advertising revenue was up 10.4%, Google Cloud revenue rose 35% while investments in AI is beginning to pay off.  However, Google did... Read More

October 29, 2024

Corning (GLW) shining brightly, up 7% to a new 52 week high on earnings. Corning also raised guidance g. Corning's glass and optical component generated 36% growth driven by strong adoption for new connectivity products for GenAI. AT&T's is also looking to use their fiber network to help bring... Read More

October 28, 2024

Bank of Hawaii (BOH) is up 9% following strong earnings. Credit losses declined in the quarter. The financials continue to perform well even as interest rates continue to back up. The 10 year Treasury is back to a three month high even after the Fed lowered rates by a... Read More

October 25, 2024

Deckers Outdoors (DECK) jumped 10% thanks to strong sales from their Hoka brand which continues to build momentum. Hoka sales gained nearly 35% year-over-year while their flagship, Ugg brand saw sales grow 13%. The company also raised full year guidance. Healthcare was another weak sector. HCA Healthcare (HCA)... Read More

October 24, 2024

The diamond of the day goes to Tesla (TSLA) up 20%, its best day in over a decade on earnings. Earnings were not spectacular. Tesla did beat, but sales missed and guidance for the rest of the year was inline. But Musk and management is predicting vehicle growth of... Read More

October 23, 2024

AT&T (T) is up 4% to a new recent high after beating earnings estimates, but missing on sales.   Service revenue growth from subscriber and average revenue per user gains were more than offset by lower equipment revenue. Free cash flow was strong with $5.1 billion beating Wall Street estimates of... Read More

October 22, 2024

General Motors (GM) is the diamond of the day up 10% after easily beating estimates as revenue rose 10% to $48.76 billion. GM also raised third-quarter expectations and full-year guidance thanks to strong demand for their GMC Yukon and Chevy Silverado. The company also said its getting closer to... Read More

October 21, 2024

Not all Dow components are lower. Boeing (BA) is up nearly 3% after the machinists union reaches a tentative agreement on Saturday to halt their strike. The union members will vote on Wednesday, the same day the company will report third quarter earnings. Boeing has already reported a large quarterly... Read More

October 18, 2024

Netflix is the diamond today up 11% after the streaming giant beat Wall Street's expectations on both the top and bottom line. Sales rose 15% to $9.82 billion.Netflix also raised guidance with a 35% jump in ad-tier memberships from the prior three-month period. BMO and Wedbush upgraded the stock... Read More

October 17, 2024

Blackstone (BX) jumps 6% to a new all-time high on strong earnings, up 40% as sales rose 8% to $1.79 billion. Assets under management jumped 10% to a record $1.11 trillion and total inflows for the quarter rose to $40 billion. During the previous quarter Blackston invested or committed $54... Read More

October 16, 2024

The airlines are getting a lift as United Airlines (UAL) beats estimates as sales rose 2.4% to $14.84 billion. United was able to dodge a number of problems in the industry with plenty of Boeing planes limiting the impact of the strike while Delta had issues during the summer... Read More

October 15, 2024

Banks are having a good day. Bank of America, Goldman Sachs and PNC are higher on earnings, but the diamond goes to Charles Schwab (SCHW) up 8% to a three month high as the company has slowed the tide out of their low paying money market accounts while... Read More

October 14, 2024

Qualcomm (QCOM) jumps 4% as one analyst says their latest system on a chip with AI capabilities called, Snapdragon 8 Gen 4 could see shipments surge 50% year over year driven by the Chinese markets and high-end demand. Nvidia is up 3% as only Apple has a larger market... Read More

October 11, 2024

Banks are higher on earnings. JP Morgan Chase (JPM) is up 5% to a new high on strong earnings and sales. JP Morgan cautioned that there are still problems out there, but the lower rates are not hurting the big bank and the economy seems to be coming to... Read More

October 9, 2024

GM (GM) gets two upgrades a day after their Investor Day. The news at the Investor Day did not seem that bullish as China remains a problem for GM and 2025 looks a lot like 2024, but Barclays and Wedbush have $55 and $60 price targets on the auto giant... 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.