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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

10/14/15

Pay for your next trip with the gains from today's diamond, Trip Advisor (TRIP). Trip Advisor is up over 25% following news rival Priceline will use some of their services in a strategic partnership. Trip Advisor in turn will be able to use Priceline's online travel brands on their booking platform creating a faster more direct way to get everything you want in one place. Good news for Trip Advisor shareholders who needed it. The stock is still down 10% from the August highs following disappointing second quarter numbers.  

Save your money and live better is the slogan for today's dog, Walmart (WMT). The company reported solid quarterly earnings this morning, but in their conference call, lowered their forecast for earning per share next year to a projected 6% to 12% drop. The stock is down 10% to a new 52 week low and 3 year low. It's tough for Walmart to grow since they're located within a short drive of nearly every American. In the conference call, Walmart's CFO blamed the lower earnings on heavy investment spending, but on the brighter side, he did mention that earnings should increase 5% to 10 % in 2019. Walmart will also buy back $20 billion worth of their shares over the next two years to increase value, but that's little consolation to current shareholders.

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.