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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

5/6/14

Office Depot Inc. (ODP)

Office Depot is trading in the green today, up 15.83% to $4.83. The office supply retailer saw its shares jump after reporting better than expected earnings. Management stated that revenues came in at $4.35 billion with an EPS of $0.07. Both numbers beat analysts' expectations of $4.28 billion and $0.03 per share. Furthermore, the company announced that it would close 400 of its least profitable stores. Shares of Office Depot jumped over $0.60 today but are still around a dollar off of their 52-week high.

Twitter Inc. (TWTR)

Twitter Inc. is getting crushed today, down 17.81% to $31.85. The social media company watched its shares plummet due to the lock-up on insider sales expiring. Today 480 million shares became eligible for sale which is nearly three times the number of shares from the IPO. Although, most insiders said they would not sell their shares, investors are wary that those 480 million shares hitting the market could drive prices down. Shares of Twitter hit a new 52-week low of $31.72 intraday.
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.