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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

4/23/15

Dunkin Donuts (DNKN) surged 7.94% today, it biggest daily percentage gain since the company's 2011 IPO, after the company reported a better-than-expected 2.7% comparable-sales gain at its U.S. Dunkin' Donuts stores, which account for 75% of its sales. Same-store sales jumped 8% at U.S. Baskin-Robbins, which accounts for 6% of sales. Currently Dunkin is testing a new product, the bacon donut in current parts of the country. For health reasons, let's hope it doesn't catch on.

 

Shares in 3M (MMM) came under pressure today falling 3% after the US manufacturer behind Post-it notes and Scotch tape lowered its full-year outlook and said first-quarter results were squeezed by the strength of the dollar. The strong dollar is public enemy number 1 this quarter for US multinational companies. A good reason why many small cap or US centric companies are outperforming the broader market.

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