Diamonds and Dogs


Salesforce (CRM) had a monster quarter. The cloud computing software company stock jumped 12% thanks to better than expected earnings as revenue rose 14.4% to $8.38 billion. Salesforce also provided upside guidance as the company focuses on getting to higher levels of profitability. Management wants to be the most profitable software company in the world.

Silvergate Capital (SI) plunges 50% on concerns of default. The crypto bank will delay its annual report  The bank says it needs additional time to perform analysis for record journal entries and internal controls over financial reporting. There are growing concerns the bank will go under due to entanglements with several crypto firms including bankrupt exchange FTX.

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.