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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

6/9/16

Peanut butter jelly time! Our diamond, J.M. Smucker Co. (SJM), is jumping $10 or 8% to new all-time highs after posting better than expected earnings in their fourth quarter. The company reported earnings of $1.86 per share which crushed expectations of $1.19 a share as sales rose 25% year over year thanks in part to a recent acquisition of Big Heart Pet Brands. Looking forward, Smucker said it expects to earn between $6.42 and $6.57 a share on revenue of $7.73 billion. Analysts were looking for EPS of $6.36 billion and sales of $7.75 billion. Analyst at Citi indicated JM Smucker is set up well for 2017.

 You won't be able to restore today's dog as easily as you might think. Restoration Hardware (RH) is dropping 20% to a new 52 week low and its lowest point since going public in 2012 after cutting its annual financial forecasts and posting earnings results that missed Wall Street's estimates. The company reported a loss of 33 cents per share verse an earnings of 17 cents per share last year. Analysts were expecting 5 cents per share. Management was confident the worst was behind the company. Hopefully, they're right for shareholder's sake.

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.