Diamonds and Dogs


Skechers (SKX) is off and running. The shoe maker is up 17% following better than expected earnings as revenues rose 11.4% to $1.08 billion. There was strength across all of its businesses with a 18.4% surge in International wholesale business, a 7.5% pop for its global retail business, and a 4.8% uptick in its up-and-down domestic wholesale segment.  Gross, operating, and net margins all widened with gross margins increasing 90 basis points to 47.7% thanks to improved retail pricing and product mix. Thanks Tony Romo.

Amazon (AMZN) and Jeff Bezos having a tough day. Amazon is down 2% as founder and CEO, Jeff Bezos accused the National Enquirer and its publisher David Pecker of extortion and blackmail, stepping up a war of words between the world's richest man and a confidant of U.S. President Donald Trump. The magazine exposed Bezos's relationship with former TV anchor Lauren Sanchez. Bezos said the National Enquirer threatened to publish more details and revealing photos if the executive didn't stop probes at the Washington Post in the Trump administration.

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.