Diamonds and Dogs

7/21/20

Big Blue up in the clouds. IBM (IBM) is up 4% following better than expected earnings as the merger with Red Hat helped lift sales particularly in the cloud computing space. Total cloud revenue came in at $23.5 billion up 20% in the last year.

Tech taking a breather. After a torrid run, the tech space is lower. Software firm, Adobe (ADBE) is down a percent even as they announced the teaming up with IBM to make and market software for banks to make customer data easier to handle in these tough regulatory times.

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.