Diamonds and Dogs


Target (TGT) jumps on strong earnings and resilient consumer. Target is up 17% after beating by 56 cents as sales rose 1.6% to $31.47 billion. Management said they saw strong foot traffic with a resilient consumer in the face of inflation. Target also hinted at enhanced consumer expectations and a possible membership program in the future.

Weakness in the Magnificent 7 and Bitcoin. Big cap tech took it on the chin today with Apple, Microsoft, Amazon and Telsa all falling 1.95% or more. The weakness in Apple and Tesla has been due in part to weak sales out of China. Bitcoin, another high flyer rose to new a new record high this morning above $69,000, but then sold off falling 8% from the highs and down 6% for the day.

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.