Diamonds and Dogs
1/16/25
More good news out of the banking industry. Morgan Stanley (MS) is up 2% on earnings after jumping 4% yesterday when the rest of the sector reported earnings. Similar to Goldman Sachs, Morgan Stanley is bullish on M&A deals saying their pipeline of deals is outpacing recent years.
UnitedHealth Group (UNH) is sharply lower after the healthcare giant missed quarterly revenue expectations for the first time in more than four years. Management attacked some of the recent criticism saying they are not to blame for the high cost of healthcare, but to direct the blame at the drug companies themselves. UnitedHealth conceded they need to get better at improving insurance denials and, saying the company would work with policy leaders to speed up approvals.
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.