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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

1/17/16

Best Buy (BBY) looks the best. The big box electronic retailer jumped 11% to a new 52 week high following better than expected earnings. Best Buy easily beat estimates by 15 cents as revenue rose 1.4% to $8.95 billion ahead of estimates as well. The company also guided fourth quarter earnings above consensus.  Better than expected numbers were helped by  an increase of 24.1% year-over-year in e-commerce revenue to $881 million domestically, bringing total U.S. revenue from digital on-line sales to 10.8% vs. 8.8% last year. I guess Best Buy is competing better against Amazon.

Bigger isn't better. Walmart (WMT) beats earnings estimates by 2 cents as revenue was in line and fourth quarter guidance was in-line, but the stock is down 3% as the second worst performing Dow component. Cisco Systems (CSCO), the tech darling from the 1990s, is the worst performing Dow component down 5% today following disappointing earnings.

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.