Diamonds and Dogs


Family Dollar Stores Inc. (FDO)

Family Dollar is finding it hard to make a buck today, down 13.16% at $55.61. Shares of the discount retailer dropped after the company released earnings. Family Dollar announced that net income fell to $80.3 million, or $0.69 per share, for the last fiscal quarter. Analysts were expecting earnings per share of $0.74, and the company had expected EPS to be in a range of $0.69 to $0.78. Family Dollar management blamed a worsening macro-economic environment for the decline in net income. The company saw shares fall more than $8.40 today, pushing the stock near its 52-week low of $53.03.

Hot Topic Inc. (HOTT)

Hot Topic is on fire today, up 10.91% at $10.78. The mall and web-based retailer saw its shares gain momentum after news that holiday sales increased for the company. Hot Topic management said that holiday sales increased 4 percent from last year, and that the company will open a number of new stores in 2013. Total sales during November and December hit $177.3 million. This was led by the company's store, Torrid, which had sales grow by 18 percent. Hot Topic hit a new 52-week high today by $0.05.

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.