Diamonds and Dogs


Walmart's (WMT) looks good up 2% following earnings and encouraging guidance. The world's largest retailer reported first-quarter same-store sales growth that beat expectations as consumers traded down from traditional supermarkets and slowed purchases of discretionary merchandise from rivals like Target. Walmart also raised its full-year earnings per share forecast to a range of $6.10-$6.20 per share, up from its prior expectations for earnings to come in at $5.95-$6.05 per share in its fiscal year.

Target (TGT) is down 3% after disappointing earnings the other day. Target had a disappointing online demand, but a bigger problem has become violence at stores and a problem called, "shrinkage" is an industry term for lost inventory or theft either in stores or along the supply chain heading to the stores. Target expects to shrinkage to cost at least $0.5 billion this year.Other retailers during the holidays including TJX Cos. (TJX) and Dollar General (DG) had similar problems.

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.