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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

3/22/13

TIBCO Software Inc. (TIBX)

TIBCO Software is trading in the red today, as they are currently at $19.70, which is down 15%. This cloud platform provider's fiscal first-quarter earnings also dropped 54%, "primarily on execution-related" problems. CEO, Vivek Ranadive, believes the problems at TIBCO may have been concentrated in the finance sector, where sales were down 8% from a year ago, compared with increases in most other sectors. Managers reviewing performance in weak sectors found "bad leadership and bad execution in those areas," Mr. Ranadive said. TIBCO is currently trading towards the bottom of its 52-week range of $18.95-$34.67.

Nike Inc. (NKE)

Nike is running wild today as they are experiencing all-time highs. They've seen their stocks rise around 12% in early trading today, with a current price of $59.92 midday today. Nike apparel jumped 55% for the fiscal third quarter, the company reported, sending its stocks soaring over 10% in the market; an unexpected gross margin gain and the sale of the Cole Haan brand were cited as the backbone to the company's strong performance. North American sales surged 18%, and notably picked up in Europe as well, despite economic headwinds. This strong performance in the western regions helped offset declines in Asia, notably in China and Japan.
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.