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Leigh Baldwin & Co.

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Diamonds and Dogs

3/31/15

Movado Group Inc. (MOV)

Movado is on the move today, up 11.16% to $28.49. The fine watch company saw its shares pop after earnings were reported higher than expected. For the fourth quarter, Movado management announced a profit of $10.1 million on revenue of $133.9 million, which equates to $0.40 per share. Analysts' were expecting the company to make $0.20 per share. The better than expected earning helped shares of Movado rally nearly $3.00 today, however shares are still well off of their 52-week high of $46.89.

The Phoenix Companies Inc. (PNX)

The Phoenix Companies is crashing today, down 10.84% to $49.99. The life insurance and annuity company saw its shares fall after a poor earnings report. For the fourth quarter, Phoenix reported a loss of $140.3 million after it reported a profit last year. For the year, the company reported a loss of $213.2 million, or $37.09 per share. Shares of Phoenix fell over $6.00 today but managed to hold above their 52-week low of $38.07.

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.