Diamonds and Dogs

6/4/19

Apple leading the markets higher up 3.6% while the major averages are up 2%, getting back some of the 6% we lost in May. Apple is trading higher following yesterday's investor day where they unveiled, among other things, more information about a TV Plus service, a new Apple Arcade gaming service an Apple Credit Card coming this summer.

Box (BOX) is getting smaller. The cloud storage provider is down 6% making a new 52 week low following earnings. Box Inc actually beat earnings estimates as sales rose 16.% to $163 million. But the company gave light guidance going forward as management said they are pursuing larger strategic sales that have longer sales cycles. Looks like short term pain for hopefully, long term gain. We'll see.

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