Diamonds and Dogs
Amazon (AMZN) is jumping 11% after an easy beat thanks to an upturn for e-commerce and cost cutting. Cloud business also improved. One analyst believes the business could accelerate and provide topline growth heading into the new year.
Not often Apple (AAPL) is a dog. Apple is down nearly 3% as revenue fell for a third straight quarter. The current quarter will be weak as well as Apple is experiencing an industrywide slump that has sapped demand for phones, computers and tablets. Services revenue was a clear highlight, climbing 8.2% to $21.2 billion.
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.