Diamonds and Dogs

3/12/25

Spotify (SPOT) is having a good day and good year. The music streaming provider is up 4% today and up 17% year to date as the company announced record royalties payout of over $10 billion to the music industry and musicians. Pop star, Taylor Swift was named Spotify's 2024 global top artist with more than 26.6 billion streams globally. Taylor Swift and other artists have criticized Spotify for unfair payment practices.

Kohl's (KSS) is down 8% to a new 52-week low following earnings. Kohls beat by 23 cents as sales fell 9% to $5.17 billion. The company provided weak guidance as the new CEO Ashley Buchanan has said will take time to turn around the company. Regarding the macro environment, their customers making under $100,000 are constrained and challenged right now.

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