Diamonds and Dogs
Find a job, make connections, and grow your wealth with this popular social media site and stock. Today's diamond is LinkedIn (LNKD) up over $26 or 12% thanks to better than expected earnings. The company easily beat 3Q analyst estimates with earnings up 50% and sales up 37% to $780 million. Since June the social media site has signed up 16 million new users to surpass the 400 million users. Analysts were climbing all over themselves upgrading the stock with price targets of $272, $300, and $300. So far so good for LinkedIn.
QUICK! Get the last of the classic American Oktoberfest beer. Boston Beer (SAM) is today's dog down over 10% following disappointing earnings and lowered guidance for the year. Boston Beer manages 60 different beer brands including their most famous Sam Adams. The stock made all-time highs back in January thanks to market share gains from Budweiser, but the explosion of micro-breweries is starting to eat into their profits. At the end of 2014, there were over 3,400 breweries in the U.S., up from a post-prohibition low of just 44 in 1979.
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