Diamonds and Dogs

4/20/23

Casino stocks come back to life. Las Vegas Sands (LVS) is up 6% following better than expected earnings as revenue rose 124% to $2.12 billion. The reason for the strong results is due to a "robust recovery" in China's gaming hub, Macau as citizens are allowed to move around again following the COVID-19 shutdown.

Tough day for Tesla (TSLA) and Elon Musk. Tesla is down 8% after reporting earnings. Earnings were actually good as revenue rose 24.4% to $23.33 billion. But profit margins fell below 20% for the first time in three years as Tesla cut prices six times since the start of the year. Add insult to injury, Elon Musk's SpaceX Starship exploded today on its voyage test flight.

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.