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

5/3/13

LinkedIn Corporation (LNKD)

LinkedIn is facing its largest down days this year, down 12.96% at $175.54. The online professional network company saw its shares trade into the red after releasing its outlook. LinkedIn expects second-quarter revenue between $342 million and $347 million, analysts' forecasts were for $360 million. Furthermore, full year forecast is also being forecast lower than analysts' are expecting. Management expects full year revenue to come in between $1.43-$1.46 billion, analysts' felt that the company should have revenue of $1.5 billion. The lower outlook scared off some investors today, and shares fell $26.13 per share.

InvenSense Inc. (INVN)

InvenSense is trading in the green today, up 19.66% at $11.14. The gyroscope(for motion tracking devices) company saw its shares jump after beating earnings expectations. For the quarter, profit nearly tripled on a 67% spike in revenue. In fact, management cited strong demand for its smartphone and tablet products as a leading factor for the solid quarter. On another positive note, CEO Behrooz Abdi said, "Our customer design pipeline for fiscal year 2014 continued to expand significantly across all of our products." InvenSense bounced nicely off of its 52-week low of $9.06, but needs some more momentum to reach its high of $15.96.
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.