Diamonds and Dogs

6/22/20

Sonos (SONO) sounding better. The smart speaker company is up 17% to a four-month high on a bullish research report from Citron. The analyst who is long the stock believes Sonos is a big winner from the stay-at-home trends and could be a possible buy out target for Apple. Apple, meanwhile, is trading at new all-time high today.

The airlines need more money. American Airlines (AAL) is down 5% as they announced plans to raise $3.5 billion in capital through stock and bond sales. Shares of United Airlines (UAL) are down a percent as the company is preparing a $5 billion debt sale.

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.