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Leigh Baldwin & Co.

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Diamonds and Dogs

12/4/12

Pep Boys-Manny, Moe and Jack (PBY)

Pep Boy's slammed on their breaks today, crashing 10.58% to $9.55. The automotive company saw its shares get hit head on after missing on earnings. Pep Boys reported a loss of $6.8 million, or $0.13 per share, down significantly from last year when the company had a profit of $7 million, or $0.13 per share. Revenue also decreased 2.4% to $509.6 million. Analysts were expecting revenue of $527.8 million, and earnings of $0.15 per share. Pep Boys is down more than 15% this year, however analyst David Schick, from Stifel Nicholaus, maintains a "hold" rating on the company. The company is more than a $1.00 above its 52-week low.

Netflix Inc. (NFLX)

Netflix Inc. is the featured film today, up 14.01% at $86.65. The online video streaming company saw its shares rise after announcing they struck a deal with Disney. Netflix outbid pay-TV channels for the rights to show Disney movies shortly after they finish playing in theaters. The multi-year deal will give Netflix exclusive rights to playing the movies; companies like HBO and Starz usually win these rights, so this is a huge move for Netflix. Starz currently holds a deal with Disney through 2015, however after that time period Netflix will gain sole rights. The company already holds a deal with DreamWorks Animation, and by adding Disney, Netflix will hold deals with the two largest animation companies. Netflix has climbed well above their 52-week low ($52.81), but is still well away from its 52-week high ($133.43).
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