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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

4/4/14

Synnex Corp. (SNX)

Synnex Corp is outpacing the overall market significantly today, up 23.26% at $76.94. The business process outsourcing company saw its shares skyrocket after beating earnings estimates. Synnex said revenue climbed 22.8% year over year to $3.02 billion in the three months to Feb. 28. The results exceeded analyst estimates by $260.11 million.Net income of $1.25 a share was 31 cents higher than forecasts. Management said it expects revenue between $3.1 billion and $3.2 billion for its second quarter ending May. Adjusted net income is expected in the range of $1.34 and $1.38 a share. Shares of the company reached a new 52-week high of $79.44 intraday.

Halozyme Therapeutics Inc. (HALO)

Halozyme shares got crushed today, down 27.26% at $8.43. Shares of the biotech company went down after news that the company halted a trial for its experimental pancreatic cancer drug amid concerns from a third- party review committee. The committee raised concerns about the thromboembolic event rate -- or the likeliness that blood clots could form, which could cause a stroke. The halt in the trials scared off investors causing shares to fall more than $3.00, however shares are still well above their 52-week low of $5.03.
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.