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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

9/17/14

FedEx Corporation (FDX)

FedEx is delivering to investors today, up 3.27% to $159.71. The delivery company saw its shares jump after better than expected earnings. The company saw its first quarter revenue climb 6% to $11.7 billion which equates to an EPS of $2.10, both beating analysts' estimates. FedEx management also announced that it expects its full year EPS to be $8.50-9.00, and that they would hire an additional 50,000 temporary workers during the holiday season. Shares of FedEx closed up over $5 today and set a new 52-week high of $161.65.

Rackspace Hosting Inc. (RAX)

Rackspace is falling from the clouds today, down 17.67% to $32.39. The cloud solution company saw its shares plummet after announcing that it has ended its evaluation for alternatives that would result in the company being acquired. Rackspace's President Taylor Rhodes said that the company would remain independent due to its" reaccelerated revenue growth and its potential trajectory for the coming year." Investors are un-happy with the situation and shares fell nearly $7.00 today.
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.