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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

2/8/2013

Moody's Corp. (MCO)

Moody's is putting investors in a bad mood today, down 7.73% at $43.36. The credit rating company saw its shares fall on continued worries regarding a lawsuit. Moody's is under investigation by the Department of Justice regarding pre-financial crisis ratings which did not show how bad the companies were actually doing (McGraw-Hill is also under investigation for their ratings). Moody's released great earnings today, where the company beat on both the top and bottom line, however it was not able to overcome the pending lawsuit. Moody's is trading in the middle of its 52-week range.

LinkedIn Corporation (LNKD)

LinkedIn is exploding today, up 21.22% at $150.42. The professional-networking company saw shares skyrocket after easily beating Wall Street's estimates for earnings. For the fourth quarter, LinkedIn announced revenue growth of 81% leading to an EPS of $0.35. The jump in revenue can be attributed to a 39% increase in users (now 202 million users). The company maintained its full-year revenue forecast of $1.4 billion, which equates to a 45% increase over last year. LinkedIn launched past its previous 52-week high of $127.45.
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.