Diamonds and Dogs

1/14/25

Merger Tuesday this week as United Rental (URI) rose 5% after H&E Equipment Services (HEES) agreed to be acquired for $4.8 billion. With both stocks higher, the deal is being called a win win combining one of the top rental companies with one of the largest rental equipment companies while expanding the combined companies into 30 states.

Eli Lilly (LLY) pulls back 6% after preannouncing quarterly results. Lilly's two blockbuster medicines Zepbound and Mounjaro both missed Wall Street estimates. It was the second consecutive miss for the two closely watched obesity and Type 2 diabetes drugs. Lilly's stock jumped as much as 50% last year before pulling back in the last few months. The stock is now in a 20% correction.

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.