Diamonds and Dogs


Insider buying at Icahn Enterprises (IEP). Carl Icahn's holding company is up 11% after authorizing a buyback equaling 3% of its shares trading on the open market, potentially boosting the stock price as the financier feuds with a short seller. Over the last month, the stock is down 30% as Hindenburg Research company questioned the accounting of Icahn Enterprises.

Shares of Tesla (TSLA) reversed lower. CEO Elon Musk said that Twitter would have a new CEO. He later confirmed that former NBCUniversal advertising chief Linda Yaccarino will be the new Twitter chief. Tesla stock is languishing below its 50-day line. Also Friday, a China regulator said the EV maker must make a software update for over 1 million cars. The recall starts May 29.

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.