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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

9/11/15

Time to restore your portfolio after August with today's diamond. Restoration Hardware (RH) jumped 7% today following better than expected earnings.  The high-end home furnishings retailer saw second quarter earnings rise 27% and lifted guidance for next quarter. To add fuel to the rally Restoration Hardware said they would be launching two new businesses in the coming months, RH Modern and RH Teen followed by four revolutionary design galleries in Chicago, Denver, Tampa, and Austin. Looks like Restoration Hardware may have more upside going forward.

Computers and cords keep you connected, even when a company drops 18%. Today's dog is Finisar Corporation (FNSR), which specializes in fiber optic communication products. Their revenue fell 2% quarter over quarter and fell 4% year over year. Earnings came in under expectations as management blamed the poor numbers on a shorter quarter, a one week shorter quarter than last, but Wall Street isn't buying the excuse. The stock is now trading at a two year low. Hopefully the stock will find support at the $12 level.

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.