Diamonds and Dogs

June 21, 2010

Visa, V
Visa has seen an increase in the market since the regulation of the credit card swipe fees and debit card transactions. The proposal to ban the regulation of fees that card networks and even banks charge to debit card consumers was recently passed. The new rules that consist of penalty fees not being able to exceed the dollar amount of the consumer's violation and the issuer cannot be charged more than one fee for a single event or transaction goes into effect August 22. Today Visa's stock was up to $81.08, an increase of 5.2%.

Ralcorp Holdings INC, RAH
Ralcorp Holdings Inc manufactures, distributes, and markets food products. The stock is the dog of the day dropping 7% or $4.42 to $57.80. Ralcorp just recently bought American Italian Pasta, whose shares saw a significant incline today, for about $1.2 billion along with 2 cracker-mackers that will hopefully turn into a considerable profit in the upcoming months. The decline in the stock can be seen related to the competition Ralcorp sees in its cereals. Ralcorp owns Posts Foods and some store brand cereals but has seen profits plummet due to a price war that narrowed the price between private label and name brand cereals.

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.