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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

5/6/16

Looking for places to eat has changed from using the phone book to using an app. Today's diamond allows us to read reviews and see the food before we ever get to a restaurant. Yelp (YELP) is seeing their shares skyrocket up over 20% following better than expected earnings. The company easily beat estimates with an average of 21 million uses per month during the last quarter which is an increase of 32% year over year. Going forward the company expects business to pick up which is good for shareholders.

Today's dog is no longer hip, but more of a square. Square INC (SQ) is dropping over 20% closing in on its 52 week low following earnings yesterday. The company that has the same CEO as Twitter reported less than stellar results. The cellphone payment-processing company did beat sales estimates and tried to put a positive spin on a quarterly loss that was twice as big as last year, but shareholders were not impressed. The stock was having a good year until the last several weeks. On May 17 the company said approximately 64 million stock options and warrants will be exercisable. That's not great news in the short term for shareholders or those trying to exercise their stock.

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.