Diamonds and Dogs

2/14/24

Lyft (LYFT) getting a lift. The ride sharing firm is jumping 34% after beating earnings even as sales actually missed estimates. However, the company expects free cash flow for the full year, first time in the firm's history and guidance for mid-teens total rides growth for 2024.

Kraft (KHC) has a food inflation problem. Kraft is down 5% after beating earnings estimates but missed on sales. Kraft is blaming the miss on a consumer pullback due to higher food prices, particularly in the US. Breaking it down further, Kraft saw weakness in the company's Easy Meals, particularly in sales of macaroni and cheese.

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.