Diamonds and Dogs


Crazy like a fox. 21st Century Fox (FOXA) is jumping 7% to new all-time highs after the courts allowed AT&T to buy Time Warner. AT&T's stock is taking a hit down 4%, but the news allows for a bidding war between Comcast and Walt Disney for 21st Century Fox which includes assets like Twentieth Century Fox TV and film studios, a controlling interest in Hulu and a 39% stake in Sky PLC. Fox shares are up 26.1% so far this year, while Comcast shares have fallen 21.3% and Disney shares have retreated 1.5%.

H&R Block (HRB) hit a wall. The tax accounting specialist is down 19% even though they beat earnings estimates and raised their dividend by 4%. On their conference call, H&R Block lowered sales guidance for the full year and lowered profit margins to 24-26% verse the 29.8% achieved this year. The company pointed to expected strategic investments in technology and operations as a cause for the decline. The company will also consolidate 400 smaller company run offices.

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.