Diamonds and Dogs

3/7/25

Gap (GAP) is up 11% on strong earnings. The denim and jean manufacturer that owns Gap, Old Navy, Athleta, and Banana Republic easily beat estimates by 16 cents as sales fell 3.5% to $4.15 billion, ahead of estimates. Management is happy with their brand campaigns that have driven and attracted a new generation to Gap, while at the same time, reinforcing the popular and familiar brands customers love.

Broadcom (AVGO) one of the few techs higher following earnings. Broadcom is up 3% after beating by 9 cents as sales rose 24% to $14.92 billion. Broadcom also provided upside guidance driven by AI semiconductor solutions and infrastructure software which grew 77% and 47% respectively. The rest of the chip sector is struggling to rally. Nvidia is lower.

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.