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Leigh Baldwin & Co.

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Diamonds and Dogs

3/25/13

eBay Inc. (EBAY)

eBay is auctioning off its shares at a discount today, down 3.68% at $51.31. The online auction site saw its shares decline after continued worry from investors regarding the company's PayPal unit. The worry surrounding PayPal stems from new fees being charged by Visa and Mastercard and how these fees will affect PayPal. Furthermore, eBay is hosting its analyst day on Thursday which could be good or bad for shares depending on the company's forecast during the meeting. Stifel Nicolaus analyst Jordan Rohan said, "[eBay's management is smart enough to announce a forecast that is] just enough to keep shares steady while showing solid growth and market share gains in both marketplaces and payments."

Apollo Group Inc. (APOL)

Apollo Group is teaching its shares to climb higher today, up 7.10% at $18.25. The online campus and educational service company (well known for the University of Phoenix online) saw its shares pop after Apollo forecast higher profits than expected. Apollo's forecast for the year called for net revenue of $3.65 billion to $3.75 billion on operating income of $500 million to $550 million. Analysts, on average, were expecting current-year revenues of $3.73 billion. The company's prediction was a surprise to most investors especially since Apollo is facing higher marketing costs and a 15.5% decrease in enrollment. Apollo Group is still well below its 52-week high of $43.80.
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.