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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

1/26/16

Boring is beautiful. Beauty and family care product maker, P&G is leading the Dow higher today, best day for the major averages this year (that's not saying much). Procter & Gamble (PG) is jumping 2.5% today following better than expected earnings of $1.04 easily beating estimates of 98 cents a share. Net sales declined by 9% due in part to International sales and the strong dollar. The company didn't raise guidance, but in this market as long as you don't lower guidance investors should be happy.

 

We can't personally travel to Mars yet, but with the help of today's dog we might be able to the moon again. Lockheed Martin (LMT) is one of the few stocks trading lower by midday following earnings. The actually fourth quarter earnings were better than expected coming in at $3.01 per share, up from earnings of $2.82 per share for the year-ago quarter. Revenue advanced as well to $12.92 billion from $12.53 billion year-over-year, but the 2016 guidance was below estimates. This may become a common theme this quarter and future quarters.

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.