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Earnings season is here. JP Morgan Chase (JPM) rose 4% today on earnings that beat by 44 cents as sales rose 8% to $45.3 billion. Morgan Stanley, Blackrock and NY Mellon were higher as well. No one was providing much in the form of guidance due to the unknowns... Read More
Kroger (KR) is up 3% today after the rally yesterday fizzled. Hopefully, Trumps moves yesterday to lower tariffs will ease fears of food inflation at the store. CarMax (KMX) drops 16% as the used car dealer missed earnings estimates even as sales rose 6% to $6 billion. The CEO... Read More
Delta Air Lines (DAL) is up 5% following a beat on earnings. Sales rose 2.1% to $14.04 billion. Guidance for the current quarter was line, but the company pulled full year guidance due to trade tariff uncertainty and a slowing of longer term bookings. One advantage of the recent... Read More
Private insurers get a boost from the Trump Administration. UnitedHealth (UNH) is up 5% while Humana (HUM) is up 10% as the government would increase its payment rates to Medicare Advantage plans by 5.1%, much higher than the 2.2% increase it had proposed. These federal funds will be... Read More
A drink anyone? Brown Forman (BF-B) is up 2% as tariffs against rivals in the EU are heading up. The EU wants to hit the whiskey and bourbon markets while Trump could retaliate with 200% tariff on wine, champagne, and other alcoholic products. The Brown Forman CEO said... Read More
Not many places to hide the last two days. Today, Dollar Tree (DLTR) and Dollar General (DG) are modestly higher. With lower interest rates, housing related names are higher including DR Horton (DHI) and Lennar (LEN) up 5% and 3% respectively. Home Depot (HD) and Lowes (span... Read More
Playing defense today. Defensive sectors like telecom that have no tariff issues are trading higher today. AT&T (T) and Verizon (VZ) are higher by 2% today while the broader market is down 4%. Not many places to hide today. Apple (AAPL) taking a hit even as they pledge to invest... Read More
Spring is in the air. Scotts Miracle-Gro (SMG) is up 4% on an upgrade at Truist with a $70 price target or 20% above current levels. Scotts Miracle Gro surged a few years ago with the expansion of cannabis, but has come back to earth the last few years. Tobacco... Read More
PVH (PVH) jumps 18% on earnings. The Calvin Klein and Tommy Hilfiger owner saw strong sales over the holiday season, and a solid pace to start the year, but the recent executive orders, job cuts and tariff talks have slowed sales. PVH does expect the sales slump... Read More
Apple (AAPL) higher by a percent on an upgrade at Goldman. Goldman said to buy Apple's stock as China phone shipments rebound in February. China's economy seems to be slowly improving as Goldman slashes their price target on the US S&P 500 to 5700 which would be a negative... Read More
Petco Health (WOOF) jumps over 30% after announcing a new partnership that brings Petco's pet essentials to the Uber Eats platform. Petco also reported fourth quarter results that were in line with estimates, but a loss. Sales fell 7% to $1.55 billion below estimates. Petco expects Q1 and full... Read More
Paychex (PAYX) stock jumps 4% on earnings, not far from all time highs. The local payroll and human resource company beat earnings estimates as revenue rose 4% to $1.51 billion. The company reaffirmed guidance. Paychex has performed well the last several years taking advantage of a trend as companies... Read More
AT&T (T) rose a percent on an upgrade from Goldman Sachs with a $40 price target or 50% upside from current levels. The analyst says AT&T is an increasingly compelling idea in the current volatile market environment because of multiple reasons including idiosyncratic market share gains within the telecom market,... Read More
Tesla (TSLA) in the news today, 10% after dropping 38% year to date. Wall Street is under the impression that the auto industry tariffs will be held off or delayed as possibly other tariffs that were set to kick in on April 2nd. One analyst at Piper Sandler made... Read More
Boeing (BA) jumps 4% after rallying 6% the other day as news broker today the Trump Administration will award they a $20 billion fighter jet contract over Lockheed Martin. The next-gen jet will be called the F-47, Trump said during the press conference and will be replace the Lockheed Martin... Read More
Local chip company, Micron (MU) up 5% on earnings as pricing seems to be firming up and demand is strong from the AI industry encouraging some investors that the recent chip correction has run its course. Micron's guidance was strong expecting record revenue and significantly improved profitability in fiscal 2025. Accenture... Read More
A risk on day as the Fed left rates unchanged. AI chipmaker, Nvidia is up 2.5% after a conference call and numerous interviews about the future of the company and AI. Nvidia expects the AI infrastructure to be worth trillions in dollars. Nvidia does not expect tariffs to have a... Read More
Local firm, Corning (GLW) is one of the few techs higher today after raising their long term guidance at a recent conference. Corning upgrades its longer-term outlook, aiming to reach over $4.0 billion in annualized sales and operating margins of 20% by 2026. Corning also raised its first quarter... Read More
Netflix (NFLX) jumps 4% on an upgrade. An analyst at Moffett Nathanson raised his stock price to $1100 a share, stating Netflix has won the streaming wars. The analyst went on to say Netflix can monetize its business with more advertising and advertising tier subscriptions to continue earnings and... Read More
Tech having a nice bounce. Docusign (DOCU) is jumping 15% following better than expected earnings as sales rose 9% to $776 million. The software firm actually provided downside guidance in the short term, but management is optististic that long term, a newly launched Docusign, AI-powered agreement management platform will... Read More
Dollar General (DG) rose 3% on earnings. Earnings actually missed due to impairment charges for store closures and higher costs. Sales rose 4.5% to $10.3 billion ahead of estimates. Guidance was muted as management does not expect any improvement in the macro environment in the short term and their core... Read More
Spotify (SPOT) is having a good day and good year. The music streaming provider is up 4% today and up 17% year to date as the company announced record royalties payout of over $10 billion to the music industry and musicians. Pop star, Taylor Swift was named Spotify's 2024... Read More
We had a great ski season. Vail Resorts (MTN) rose 6% on earnings as lift ticket revenue rose 4.5% from the beginning of the season. Vail Resorts said that ski school revenue climbed 1.1%, while dining revenue was up 6.6%. These results included a weeklong strike that disrupted operations... Read More
Merger Monday in the financial sector. A residential real estate company, Redfin Corp (RDFN) agreed to be acquired by Rocket Company, formerly Rocket Mortgage for $1.75 billion. The Redfin stock is up 65% today. The merger combines one of the largest mortgage lenders with a company with more than... Read More
Gap (GAP) is up 11% on strong earnings. The denim and jean manufacturer that owns Gap, Old Navy, Athleta, and Banana Republic easily beat estimates by 16 cents as sales fell 3.5% to $4.15 billion, ahead of estimates. Management is happy with their brand campaigns that have driven and... Read More
Kroger (KR) jumps on earnings report. The regional grocer is up 2% back toward the highs for the year even as the outlook is tepid. Earnings beat by 3 cents as sales actually fell 7% to $34.31 billion. The company did provide downside guidance or conservative guidance due to factors... Read More
Ford (F) and GM (GM) are up 5% and 4% respectively as automobile trade tariffs may get delayed for a month one day after going into effect. The defense stocks are also jumping with Lockheed (LMT), General Dynamic (GD) and Northrop (NOC) up 2% as an analyst at... Read More
Walgreens (WBA) inches closer to going private. The drugstore retail chain is up 7% as a number of bankers are working on funding packages of around $12 billion for Walgreens Boots Alliance to be taken private by Sycamore Partners. Walgreens has been a publicly traded company for nearly 100... Read More
AppLovin (APP) a darling from 2024 is jumping 6% on a modified share buyback plan. The business advertising technology company will make $500 million immediately available for share buybacks. As mentioned, the stock had a great 2024 more than tripling in value. However, after making new highs in February,... Read More
Monster Beverage (MNST) had a monster quarter. The energy drink rose 5% on earnings as sales rose 4.7% year over year to $1.81 billion. Monster saw a pick-up in sales particularly Internationally. Management and analysts expect growth throughout 2025 reflecting favorable comparisons, pricing, and innovation. More profit taking in the... 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.