Diamonds and Dogs

February 26, 2024

Domini's Pizza (DPZ) continues to dominate. The pizza giant was up 5% following better than expected earnings as sales rose 0.8% to $1.4 billion. However, on the conference call, management expects comp to be above the 3% long-term guidance with sales using Uber to increase throughout the year as... Read More

February 23, 2024

  Live Nation (LYV) jumps 3% on strong earnings and strong demand for music concerts in part due to Taylor Swift and her Swiftie fans. The Ticketmaster parent actually missed earnings, but sales were strong up 36.1% to a record $5.84 billion. Besides Taylor Swift and ticket sales, advertising revenue... Read More

February 22, 2024

  The diamond today is Nvidia, Nvidia and Nvidia. The AI chipmaker is jumping 15%, making a new all time high almost topping $2 trillion as earnings beat by 57 cents and revenue rose 265% from a year ago. Nvidia also provided upside guidance as demand is accelerating as demand moves... Read More

February 21, 2024

Toll Brothers (TOL) jumps on earnings, looks good heading into the spring season. The luxury home builder easily beat by 47 cents as sales rose 9.4% year over year to $19.5 billion.  Toll Brothers delivers 1,927 homes in its first quarter, and reported 2,042 signed contracts as even as... Read More

February 20, 2024

Walmart was the diamond today, up 3% making a new all-time high this morning following better than expected earnings.  Walmart easily beat by 16 cents as revenues rose 5.7% to $173.4 billion. The company also announced the acquisition of TV platform Vizio for $2.3 billion to accelerate its retail media... Read More

February 16, 2024

Applied Materials continues to chug along thanks to AI demand. AMAT is up 8% to new highs on better than expected earnings and sales for the fourth quarter. Sales actually declined, but gross margins improved by 110 basis points. Guidance was better than expected as AI chip makers will... Read More

February 15, 2024

Coinbase (COIN) jumps on an upgrade ahead of earnings tonight. The company that provides transactions for digital currencies received an upgrade saying the price appreciation of Bitcoin and the new ETFs that track the currency should provide improved activity levels and earnings power for Coinbase. Coinbase also serves as... Read More

February 14, 2024

Lyft (LYFT) getting a lift. The ride sharing firm is jumping 34% after beating earnings even as sales actually missed estimates. However, the company expects free cash flow for the full year, first time in the firm's history and guidance for mid-teens total rides growth for 2024. Kraft (KHC)... Read More

February 13, 2024

JetBlue Airways is jumping 14% on news an activist investor Carl Icahn has bought a nearly 10% stake in the airline. This news comes barely 24 hours after announcing the first woman CEO, Joanna Geraghty to run a major U.S. airline. Toymaker Hasbro is down 6% after missing analyst expectations... Read More

February 12, 2024

Merger Monday in the oil patch. Diamond Energy  (FANG) is jumping 8% after agreeing to acquire Endeavor Energy Resources for $26 billion. The deal will create the largest operator focused on the Permian Basin. Diamond Energy will also hike their dividend 7%. Bank of America upgraded the stock with... Read More

February 9, 2024

Cloudflare (NET) is on fire this morning. The internet security company stock is up over 20% after beating estimates as revenues rose 32% to $362.5 million. Cloudflare raised guidance as management said business is firing on all cylinders. Oppenheimer upgraded the stock with a $85 price target. A shake up... Read More

February 8, 2024

Disney (DIS) is having a good day following earnings and improvement with their streaming service. Disney is jumping 12% to a one year high after easily beating estimates even as sales fell year over year. The streaming service moves closer to profitability as Disney with create a Sports streaming... Read More

February 6, 2024

Palantir Tech (PLTR) is having a good day. The stock is jumping 25% on the catalyst from their artificial intelligence (AI) software and data mining features that are in strong demand. Revenue rose 19.6% year over year easily beating estimates. The stock received a number of upgrades. Healthcare space continues... Read More

February 5, 2024

Tyson Foods (TSN) jumps 2% following earnings and strong profits from chicken. The US largest meatpacker saw improving profits in thier chicken and pork divisions while the beef sector struggled with shrinking cattle supply. Tyson foods accounts for 1/5 of the country's supply of chicken ahead of the biggest... Read More

February 1, 2024

Merck (MRK) jumps 4% to a new high thanks to strong earnings. Merck easily beat as sales rose 5% to $14.63 billion. Merck also raised guidance thanks to strong sales of their cancer drug, Keytruda. The company is also on the lookout for acquisitions in the $15 billion valuation. Qualcomm... Read More

January 31, 2024

Stryker Corp (SYK) is having a good day. The medical device maker is jumping 7% to a new 52-week high following better than expected earnings and sales. Stryker actually produced double digit growth with accelerated growth outside the US for the sixth straight year. Canaccord upgraded Stryker with a... Read More

January 30, 2024

Chipmaker, Super Micro Computer rose 3% following earnings and raised guidance. This is the second time the company has risen guidance in the last month as demand for their AI chips outstrips supply. The stock is up 100% in the last two months. Not bad. UPS (UPS) drops 8%... Read More

January 29, 2024

SoFi Tech (SOFI) higher on earnings. The refinancing debt lender turned a profit and raised guidance as the company has extended their lending through student, personal, and home loans by a significant amount. Origination volumes rose 31%, 95% and 193% respectively for the three segments.  The company is projecting... Read More

January 26, 2024

American Express is surging 7% following strong guidance for the first quarter. The actual earnings were lackluster, but the guidance for 2024 was good as the affluent customer remains strong. American Express is also increasing their dividend by 17%to start 2024. Intel (INTC) dragging down the tech sector following a... Read More

January 25, 2024

IBM finally breaking out. The software/mainframe tech stock jumped 9% to a 10 year high following better than expected earnings as revenue rose 4.1% to $17.38 billion. But the big news was guidance for their AI products. IBM's AI sales have doubled sequentially in the quarter from the "low... Read More

January 24, 2024

Netflix (NFLX) had a good end of the year. The streaming giant is up 11% after adding 13 million subscribers in the fourth quarter. They also provided first-quarter guidance that was better than expected. Many analysts expect 2024 to be a good year for Netflix as they crack down... Read More

January 23, 2024

Raytheon (RTX) higher on earnings. The defense contractor is up 5% after beating estimates as sales rose 10% to $19.93 billion. Guidance for 2024 was not spectacular, but management said they had a strong finish to a weak year.  Raytheon's defense contracts have grown due to the Russia-Ukraine war,... Read More

January 22, 2024

No merger Monday. Macy's (M) is higher by 2% after rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn't provide a viable financing plan. Last week Macy's Inc. said that it was laying off about 3.5% of its total headcount, or... Read More

January 18, 2024

Apple (AAPL) finally having a good day as Bank of America upgraded the stock with a $225 price target.The analyst believes the coming addition of artificial-intelligence capabilities with spur demand for a number of Apple's products including their iPhones. The analyst also expects Apple to surprise to the upside... Read More

January 17, 2024

Interactive Broker (IBKR) is higher by 3% following lackluster earnings. Earnings actually missed, but sales beat which is a good sign. The stock has been on a steady incline along with the markets from the November lows. Disney (DIS) taking a hit as the company unveils a slate of... Read More

January 16, 2024

Local firm gets the diamond award. Carrols Restaurant Group (TAST) is jumping 13% after Restaurant Brands Int'l agreed to acquire them for $9.55 a share. Carrols was the largest Burger King franchisee in the US, operating 1,022 Burger King restaurants in 23 states. Carrols also owns and operates 60... Read More

January 12, 2024

Big Blue acting much better. IBM (IBM) is up 1 percent not far from a 52-week high on news they are collaborating with SAP SE to tap generative AI technology within the retail industry. The collaboration is likely to facilitate higher productivity and help accelerate business transformation... Read More

January 11, 2024

Bitcoin rose over a percent to a two year high above $46,000 as the SEC approved 11 firms to provide Bitcoin ETFs on the major exchanges. Seven of the ETFs started trading today as investors have a new way to invest in the digital currency. A couple downgrades for Warners... Read More

January 10, 2024

  A slippery diamond. WD-40 Company (WDFC) jumped 15% following better than expected earnings. WD-40 easily beat by 24 cents as revenues rose 12.4% to $140.4 million. WD-40 also reaffirmed their guidance and increased the quarterly cash dividend 6% to $0.88/share from $0.83/share. Capital One (COF) hit with a downgrade.... Read More

January 9, 2024

Take over Tuesday. Juniper Networks (JNPR) is jumping 20% on reports Hewlett Packard Enterprise is in talks to acquire the networking firm for $13 billion to get access to their artificial intelligence technology.  HP Enterprise declined to comment on the report. Tech stocks lowering guidance. Extreme Networks (EXTR) is... 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.