Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

8/4/16

Who knows Jack? Jack in the Box (JACK) is up 10% after beating earnings estimates by 20 cents while also raising 2016 guidance. The company reported better same-store sales closing the gap as compared to the industry while also looking to reduce costs to improve profit margins. Going forward, Jack in the Box is opening approximately 20 new restaurants and 50 to 60 new Qdoba restaurants. Maybe we'll see one in our neighborhood soon.

Not a good time for the insurers. MetLife (MET) is down 10% not far from its 52 week low after missing earnings estimates by a wide margin. Low interest rates and annuities are the main culprit. The company took a $3.7 billion in additional reserves, which worked out to $2 billion after taxes to cover the massive hole in their annuity guarantees. With interest rates not going anywhere soon it looks like the insurers may be in for some tough times ahead.

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.

LEBOX Fund

Find us on Facebook

Check the background of this Firm or your Investment Professional on FINRA's BrokerCheck.

Leigh Baldwin & Co., LLC, and its Representatives are registered to conduct business in the following States: AL, AZ, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY. Requests for new accounts and/or to execute trades from individuals residing outside of these States will not be honored. Furthermore, individuals residing outside of these States should exit this Website immediately.

Stock quotes, commentary, and opinions presented in this site are for informational purposes only and should not be considered as a solicitation to buy or sell any security. Leigh Baldwin & Co., LLC does not guarantee the accuracy or completeness of the information or make any warranties regarding results from its usage.

Member FINRA, SIPC