Diamonds and Dogs


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.

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.