Diamonds and Dogs

8/24/17

The grocery retailers are bouncing back following news yesterday Amazon would lower Whole Foods prices. Dollar Tree (DLTR) is up 2% following an upgrade and better than expected earnings the other day. Dollar Tree also raised full year earnings above consensus and reaffirmed same store sales comps.

Ulta Beauty (ULTA) looks ultra-bad. The beauty cosmetics company is down 9% following earnings. The earnings were actually better than expected, but sales missed estimates. Comparable-store sales rose an impressive 12%, but missed expectations as well. Despite consumers' increasingly shifting shopping habits to online from bricks and mortar, Ulta CEO Mary Dillon said on an earnings call with analysts that she is confident in its ability to stay afloat. The stock is down 30% in the last three months.

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.