Diamonds and Dogs


Microsoft (MSFT) had a good day. The software giant rose 7% following strong earnings and strong showing by its cloud computing businesses. The company also guided higher for the current period showing demand is resilient for enterprise and cloud software.

First Republic Bank (FRC) drops nearly 30% following earnings and more deposit outflows that raises the concern of the San Francisco-based bank will not be able to complete a turnaround. On Monday, First Republic said deposits declined more than 40% in the first quarter and revealed plans to cut as much as 25% of its workforce.

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.