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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

3/6/13

American Eagle Outfitters Inc. (AEO)
American Eagle isn't flying high today, down 10.20% at $20.25. The apparel retailer saw its shares crash after releasing their fourth quarter earnings and their first quarter forecast. American Eagle announced that fourth quarter earnings jumped 57% to $0.55 per share, missing analysts' estimates by a penny. Although that is not a large miss, the company's first quarter forecast was significantly lower than expected. Management stated that it sees an EPS of $0.16-$0.19, Wall Street was expecting EPS of $0.25. American Eagle is trading near the middle of its 52-week range of $15.20-$23.94.

Petroleo Brasileiro S.a.-Petrobras (PBR)
Petrobras is exploding today, up 14.98% at $16.66. The Brazilian oil and gas company saw its shares jump after news that the company would increase its diesel fuel price. Petrobras management said that it would increase its diesel fuel price by 5% in order to fight losses it previously incurred. The company said that the price increase will be effective immediately (March 6th), and the increase will not include federal or state taxes. Investors like the move that Petrobras is making, and have pushed shares up more than $2.15. The company is still well off of its 52-week high of $28.87.
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.