Diamonds and Dogs

8/24/23

Nvidia gets the headlines, but Autodesk (ADSK) is the diamond up 3% on earnings. The design software company reported better than expected results with optimism for long-term growth opportunities. One analyst maintained his Overweight rating and a price target of $255.

More retailers lowering guidance. Petco Health (WOOF) and Dollar Tree (DLTR) are both lower by 20% and 9% as both lower guidance as the consumer is starting to pull back. Petco slashed full ear guidance while Dollar Tree saw strong second quarter sales, but slowing sales in the third quarter. Dollar General is down as well. Another retailer, Burlington Stores (BURL) is down 8% following earnings.

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.