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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

3/20/13

FedEx Corporation (FDX)

FedEx might see some of their shareholders ship out today, as they're down 5.3% at $100.82 midday today. The transportation, e-commerce, and business services company also announced their awful third quarter performance, where their profit fell 31%. This decline occurred because customers shifted towards slower, less expensive international air-shipping options. FedEx said their net income fell to $361 million, or $1.13 per share, during this quarter, which ended Feb. 28. That's down from $521 million, or $1.65 per share, a year earlier.

Williams-Sonoma Inc. (WSM)

Williams-Sonoma is cooking up something great today, as they hit a new 52-week high today, as they are trading at $48.50 midday today. The culinary and entertainment products company currently has seen 1.4 million shares traded, which is above their average volume of 1.1 million shares over the past 30 days. Shares are up 3.3% year to date as of the close of trading yesterday.
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.