Big cap financials had a good week. American Express (AXP) is up 5% on better than expected earnings. American Express easily beat expectations as sales rose 11.0% to $18.43 billion. American Express also raised guidance as demand for AMEX new high end, Platinum card exceeded expectations with the strongest start to a new refresh card ever. American Express has always catered to the high end consumer who are doing very well in this economy.

President Trump wants lower drug prices. Eli Lilly (LLY) is down 3% as President Trump made comments on Novo Nordisk’s drug Ozempic. President Trump said the “the fat loss drug,” costs roughly $1,000 for a month’s supply and he expects the cost of the drug, made by Novo, will soon be “much lower” soon. Lilly sells similar treatments, including Mounjaro and Zepbound.

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