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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

11/14/12

Stamps.com Inc. (STMP)

Stamps.com didn't have enough postage to send its shares higher, today the stock is down 10.96% at $24.36. The online stamp provider saw its shares crash after its website had technical difficulties. Stamps.com's site was down for 4 days in November due to a software upgrade that didn't work and has since had two additional outages. The company does not need serious IT issues right now, especially with holidays around the corner. Investment firm, Craig-Hallum maintains a buy rating on Stamps.com but noted that it was using short-term caution when dealing with the stock. Stamps.com is trading around the middle of its 52-week range.

Abercrombie & Fitch Co. (ANF)

Abercrombie & Fitch is dressing up for its investors today, up 34.38% at $41.90. The apparel retailer saw its shares soar after a surprising earnings report and an increase in full year guidance. Abercrombie reported earnings of $0. 87 per share on revenue of $1.17 billion, easily beating analysts' estimates of $0.60 per share on revenue of $1.11 billion. The teen clothing company also raised its full-year forecast to $2.85 to $3.00 per share, up from its prior guidance of $2.50 to $2.75 per share. Abercrombie was upgraded today by Janney Montgomery Scott, William Blair, Credit Agricole and Nomura. Shares went up around $10.00 today pushing the stock well above its 52-week low.
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.