Diamonds and Dogs


Airlines are flying higher. United (UAL ) is higher by 5% to new recent highs thanks to better than expected third-quarter passenger unit revenue. The numbers were down year over year, but better than expected. American and Delta have said similar things about their business. Going forward, the industry is expecting better margins and revenue numbers.

Procter & Gamble (PG) is down a percent to a three month low as activist hedge fund manager, Nelson Peltz lost his fight to win a seat on the company's board. Trian Fund Management LP CEO Peltz refused to concede defeat, saying the vote had been too close to call and that the company would await the certified results. Peltz's Trian Fund Management owns about $3.5 billion in P&G shares and is looking to shake things up to boost shareholder value.

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.