Diamonds and Dogs

7/10/17

Oil driller, Apache (APA) is up 2.5% thanks to a positive article in Barron's saying the stock could double. Apache has done a good job of turning around the company focusing on profitable properties like the Permian Basin. On the sum of their assets, one portfolio manager says the stock is worth $90 a share. If the price of oil rebounds, Apache will not only return to profitability, but could triple cash flow in the next three to four years.

Best Buy (BBY) taking a hit ahead of tomorrow's Amazon Prime Day. Amazon is pulling out all the stops to create a Black Friday for themselves tomorrow with more than 100,000 deals for their Prime members. Besides Prime Day, rumors say Amazon is working to establish a service department like Best Buy's Geek Squad.

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