Diamonds and Dogs

7/31/15

The energy sector has no energy. Exxon Mobil (XOM) and Chevron (CVX) are the dogs of the day as both fell over 4% to new 52 week lows following disappointing earnings. Earnings for the oil giants came in at 10 year lows, earnings that don't even cover their expenditures and the dividend. Luckily the oil titans can raise debt to cover their dividends for now, but that won't stop the stock prices from moving lower over the coming quarters if the price of oil keeps dropping.

Americans keep travelling. Today's diamond is travel website, Expedia (EXPE) up over 12% to a new all-time high on better than expected earnings and a hike to their dividend. The world's largest online travel services company by bookings will only get bigger when they finalize their acquisition of Orbitz, a popular travel website in Europe. All systems go for Expedia.

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