Diamonds and Dogs


Raxspace (RAX) racking up the gains. The cloud computing and hosted server solutions company jumped 12% thanks to better than expected earnings. Rackspace is carving out a niche in the evolving cloud computing world, where the company provides high-quality support and management services for cloud platforms sold by other companies. The company is very excited about the new products and partnerships that we've launched in recent months, with Amazon Web Services, Intel and Microsoft. With the healthcare sector losing its leadership role, it looks like tech is ready to take the baton.

Hercules Offshore (HERO) is no hero today. The offshore oil driller dropped 33% today after reporting a third quarter loss of $95.4 million while total revenues of $73.8 million failed to beat Zacks estimates of $102 million.  Besides earnings, the company announced today that they have completed its financial restructuring and emerged from Chapter 11, and funding of the company's new $450 million senior secured credit facility. But if the company keeps losing $95 million a quarter how long before the Hercules is back in trouble?

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.