Diamonds and Dogs


Walgreens (WBA) trading higher on an upgrade. The pharmacy retailer is up 2.5% leading the Dow today ahead of earnings this Thursday on an upgrade from RBC with an $82 price target. Last week, Walgreens announced that it had purchased a stake in online beauty retailer Birchbox, whose $10-per-month subscription boxes have become an instant hit. Walgreens also announced a partnership with supermarket giant Kroger via which the two companies plan to sell grocery, pharmacy, and beauty products under one roof. Walgreens has quickly revamped their business model to compete with Amazon. We'll see if it's working on Thursday.

Alphabet (GOOG) doesn't know their A,B,Cs. Google/Alphabet or whatever they call themselves is down 1.6% dragging the tech sector with them after discovering they exposed private data of hundreds of thousands of Google+ users, then decided against alerting the users. Now Google will shut down and wind down Google+ over a 10-month period that will conclude by the end of next August. This is the same company that wouldn't send executives to Washington when requested by Congress. Not a lot of sympathy for Google executives.

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.