Diamonds and Dogs

4/12/18

BlackRock (BK) leading the financial rally. The ETF leader is up 3% today thanks to better than expected earnings. Blackrock easily beat earnings estimates by 31 cents as sales rose 16% to $3.58 billion. The company reported $6.316 trillion in assets under management versus last year's $5.420 trillion. Tomorrow six large cap banks will report earnings.

Bed Bath & Beyond (BBBY) under pressure. The retailer is having its worst day in history down 19% to a new 52 week low following earnings. The company actually beat estimates by 7 cents on in-line sales, but then lowered full year guidance. The good news is the company does have a $2.5 billion share repurchase program in place (market cap of the company is $2.5 billion) and they will increase their quarterly dividend by a penny to 16 cents for a yeild of 3.6%.

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.