Diamonds and Dogs

9/21/17

Anadarko Petroleum (APC) thinks their stock is cheap. The Houston based oil company is up 7% this morning after announcing a $2.5 billion buyback plan of which a billion will be spent before year end. The plan will buy back roughly 10 percent of its outstanding shares. Some investors would prefer a dividend hike.

The markets are drifting lower after 10 straight up days. Chipmaker, Nvidia (NVDA) is down 4% on news rival, Advanced Micro Devices is working with Tesla to design its own custom-built self-driving car chip for Tesla's cars and other products.

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