Diamonds and Dogs

8/2/24

DoorDash (Dash) dashes higher by 8% on strong double-digit revenue growth. DoorDash was aided by expansion into new markets and broadening its reach beyond restaurant deliveries. Currently, DoorDash processes around two thirds of the U.S. restaurant-delivery marke orders.

Intel (INTC) was the dog of the day down over 25%, its worst day in 50 years, on disappointing earnings, weak guidance, job cuts and suspends the dividend. Other than that, Intel had a great day. Intel received at least four downgrades.

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.