Diamonds and Dogs


Pep Boys- Manny, Moe & Jack (PBY)

Pep Boys "does everything for less;" including trading its shares which are down 5.69% at $10.61. The automotive repair and maintenance company saw its shares fall after releasing its fourth-quarter earnings. For the quarter, Pep Boys announced a loss of $14.5 million, or $0.27 per share, compared to a loss of $4.4 million for the first quarter of last year. Management said the fourth-quarter was down due to a pension related charge. The quarter had a $17.8 million pension settlement charge, a $1.8 million asset impairment charge, and a $1.6 million gain from the disposition of assets. Pep Boys is still trading above its 52-week low of $8.31.

W.W. Grainger Inc. (WWG)

W.W. Grainger is trading in the green today, up 7.01% at $241.53. The business supplies, maintenance, and repair company saw its shares spike on a positive earnings report. W.W. Grainger earned $211.8 million, or $2.94 per share, for the three months ended March 31. For the same quarter last year, the company earned $187.5 million, or $2.57 per share. Analysts predicted earnings of $2.73 per share. The positive quarter lead management to increase their full year forecast. The Chicago company said that it now anticipates full-year earnings of $11.30 to $12 per share, up from $10.85 to $12 per share. W.W. Grainger set a new 52-week high of $245.46 (intraday).

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.