Diamonds and Dogs

8/29/17

Defense stocks are higher once again as President Trump said "all options are on the table" after North Korea fired an unidentified ballistic missile over the northern Japanese island of Hokkaido. Lockheed Martin (LMT) and Raytheon (RTN) which produce the High Altitude Area Defense systems and the Patriot systems are both up a percent today.

Retailers are back in focus. Best Buy (BBY) is down 10% back to a three month low following better than expected earnings. While the quarter was great, the CEO said the growth was unsustainable. Retailer, Finish Line (FINL) is even worse down 17% after the company lowered guidance for the quarter and full year. Nike is down 2% as they account for 70% of Finish Line sales.

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