Diamonds and Dogs
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12/5/16
National Beverage (FIZZ) is fizzing to the top. The beverage company that makes such drinks as Shasta and Faygo is up 7% on an upgrade from Credit Suisse. The stock performed well last week following better than expected earnings. National Beverage easily beat estimates by 12 cents last week as sales rose 13% beating estimates as well. Operating margins also improved to 16.4% vs 15.1% last year. After an up and down year, National Beverage is moving in the right direction.
LPL Financial (LPLA) CEO riding off into a cloudy sunset. The largest U.S. independent broker dealer fell 3% today on news their CEO, Casady has had enough. The announcement comes as LPL faces steep regulatory hurdles that have forced it to lower fees on many retirement advice offerings and reportedly consider a sale. The CEO, Casady was credited with growing LPL from what was a primarily independent business to one of the largest U.S. providers with 14,000 independent financial advisers and 700 banks and credit unions. The firm's growth under Casady came with some regulatory troubles. LPL was fined repeatedly by the Financial Industry Regulatory Authority for supervisory failures, including an $11.7 million fine in May 2015.
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.