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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

8/21/12

RadioShack Corporation (RSH)

RadioShack continues its downward spiral today, down 7.61% at $2.67. RadioShack has lost 72.00% of its value year to date and has not been able to catch a break. Today, the company saw its shares drop based on news released by Best Buy. Best Buy released earnings this morning which were disappointing, with revenue for stores open for at least 14 months falling 3.2% year over year. With RadioShack's recent weakness, investors have been looking for reasons to leave the stock, even if it involves another company. Best Buy is deemed a stronger company, so naturally poor earnings for Best Buy will negatively impact RadioShack. RadioShack is pushing near its 52-week low again.

Urban Outfitters Inc. (URBN)

Urban Outfitters is dressed for success today, up 18.29% at $37.00. The clothing company is back in fashion after releasing a better than expected earnings report. For the second quarter, Urban Outfitters reported an 8% increase in net income to $0.42 on an 11% jump in revenue to $676.3 million. Both figures beat analyst estimates of a profit of $0.33 on sales of $672 million. Among the companies various chains, its flagship Urban Outfitters brand, had sales growth of 14%, with Anthropologie (another chain) showing 3% growth. The company bounced to a new 52-week high today, beating the previous high by around $5.20.
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.