Diamonds and Dogs
Uber (UBER) and Lyft (LYFT) getting a lift from the elections. Both stocks are up 11% following news that California voted to exempt gig-economy companies from classifying contractors as employees, saving the companies millions of dollars in added costs.
Caterpillar (CAT) taking a hit. Caterpillar is down 6% along with the industrial sector as the Presidential election results are pointing toward a small infrastructure spending deal coming out of Congress in the new year. Time will tell.
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.