Diamonds and Dogs
11/25/24
The retail stocks like the new Secretary of Treasury pick as the sector jumped 3%. Bath and Body Works jumped 17% on earnings. Target is bouncing back 4% on an upgrade while Dicks Sporting Goods is up nearly 3% ahead of earnings tomorrow.
Macy's (M) is down 2% as they have to delay their quarterly results to get their accounting accurate. Management did say revenue should be above guidance. On a separate note, NBC and Peacock who have broadcast the Macy's Day parade since 1953 will sign a new contract and pay $60,000 million a year. The Parade drew an audience of 30 million viewers last year.
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.