Diamonds and Dogs
A windfall for BlackBerry (BBRY). The former high flyer cellphone maker is up 15% to a new 52 week high after receiving $814.9 million arbitration award in a dispute with Qualcomm. The sum which is equal to about 20% of its current market cap will be used to bolster its business. The question is what business?
Tractor Supply (TSCO) has too much supply. The agriculture retailer is down 6% to a new recent low after guiding first quarter earnings below consensus below estimates. Revenue is expected to come in light as well. The company said they are having a challenging quarter with respect to sales and margins. But seasonal merchandise sales should improve as they move further into the spring selling season.
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.