Diamonds and Dogs

6/19/18

Verizon (VZ) is up 2% on an upgrade at Deutsche Bank with a $56 price target. The analyst expects a return to (normalized) service revenue growth for the first time since late 2014 with margin improvement. Verizon is the largest player deriving nearly 90% of EBITDA from wireless. The analyst sees potential upside from Verizon's 5G and Oath efforts.

Tesla (TSLA) down 4% due to concerns of sabotage. The CEO of Tesla released a statement today saying he was dismayed to learn this weekend about a Tesla employee who had conducted quite extensive and damaging sabotage to our operations. This included making direct code changes to the Tesla Manufacturing Operating System under false usernames and exporting large amounts of highly sensitive Tesla data to unknown third parties. I wonder if it was China?

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.