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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

1/15/16

Wynn Resorts (WYNN) is a win today. Wynn is jumping 8% today after lowering guidance for the fourth quarter.  With the stock retesting the August lows yesterday, Wynn preannounced fourth quarter earnings.  The numbers are not spectacular. Revenue in Macau, China is expected to be in the range of $552-$560 million compared to $761.2 million last year. The Las Vegas operations are actually better in the range of $387-395 million, compared to $376.8 million a year ago. While the numbers are not great, the revenue particularly out of Macau looks to be stabilizing. Wynn's stock is also heavily shorted, so the shorts are getting hit pretty good after a heck of a sell off the last month.

What's better Mac or PC? Today's dog would say PC in an instant. Intel Corp (INTC) is down 8.30% following better than expected earnings. Intel easily beat earnings estimates with revenue in line. The one sticking point was data Center growth below expectations along with weakness in China. The analysts remain bullish on Intel with price targets in the upper $30s so long term Intel still looks good.

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.

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