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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

10/7/15

Providing solutions that help your company and pay you at the same time (not literally). Today's diamond is Global Payments (GPN) up over 8% to a new all-time high thanks to better than expected earnings. The company provides payment solutions for multiple types of organizations throughout North American, Europe and Asia-Pacific. I guess not everyone has to blame China for weak earnings. Besides reporting better than expected earnings, the company raised guidance and announced a 2 for 1 stock split. Hopefully the stock will keep making new higher highs.  

Cheap, delicious fast food is coming at a cost. Yum! Brands Inc. (YUM) is today's dog with the stock dropping over 18% toward its 52 week low. Yum, Brands owns such same names as Taco Bell, KFC, and Pizza Hut. The company missed their forecasted earnings and lowered guidance for the full year due to, you guessed it, China. It doesn't help that US consumers are also looking for healthier fast food options like Panera Bread. But the news wasn't all bad. The company did hike their dividend 12% more than the 10% increase last year. With the recent pullback, the dividend yield is up to 2.7%.

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.