Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

4/19/13

International Business Machines Corp. (IBM)

IBM is dragging the entire Dow Jones down today, with shares trading down 8.27% at $190.02. The information technology company saw its shares fall after a rare miss on earnings. IBM announced revenue of $23.41 billion, or $3.00 per share. Analysts' were expecting the company to have revenue of $24.62 billion, which equated to $3.05 per share. The numbers were dragged down by a 17% decline in revenue in the company's technology unit. The decline in IBM held the Dow Jones from breaking out higher.The company lost $17.13 per share today, but managed to stay well above its 52-week low of $181.85.

Chipotle Mexican Grill Inc. (CMG)

Chipotle Mexican Grill is on fire today, up 11.61% at $366.47. The Mexican chain restaurant saw its shares spike after the company had great earnings. For the first quarter, Chipotle announced revenue increased 13% to $726.8 million, or $2.45 per shares. The actual earnings crushed analyst estimates of $724.7 million or $2.14 per share. The better than expect quarter caused analysts' to increase the company's price target to $376.38. Chipotle climbed an astonishing $38.11 per share today but is still well off of its 52-week high of $433.30.
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.