Diamonds and Dogs
At least one retailer can compete with Amazon. After a rollercoaster ride this year, big-box retailer, Costco Wholesale (COST) is jumping 4% following better than expected earnings. Costco beats earnings estimates by 4 cents even as sales missed estimates. Revenue did grow 2% year over year to $36.56 billion. Not great, but better than most.
Wynn some and lose some. Wynn Resorts (WYNN) is one of the few stocks trading lower today after the company announced the Wynn Macau President Gamal Abdelaziz would resign. No other news was disclosed, but with concerns of slow traffic at their new $4.2 billion Wynn Palace in Macau, investors are selling first and asking questions later. Today is also the end of the quarter which can prompt more selling on bad news.
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.