Diamonds and Dogs
It's a Nvidia (NVDA) world. AI chipmaker is up nearly 3% ahead of earnings. The chipmaker has added more than $370 billion in market value since its last update and is the biggest contributor to the Nasdaq 100's 36% rally this year. Second-quarter report, which is expected to show revenue up 65% from the same period a year ago. Excitement abounds.
Bad week for athletic apparel and footwear. Foot Locker (FL) is down sharply, over 30% as the company slashed its full-year outlook for the second straight quarter and suspended its quarterly dividend as a "still-tough consumer backdrop" weighs on the footwear retailer. Nike is down 4% in sympathy as well while Dicks continues its slide.
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.