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

2/2/17

 Mead Johnson Nutrition (MJN) is jumping on takeover rumors that Reckitt Benckiser will acquire the children's' nutrition firm for $90 a share in cash. Mead Johnson notes that no agreement has been completed, and there are no assurances that any transaction will result from these discussions, but investors sure are convinced with the stock up 21%. It's funny how we always get takeover rumors at market tops.

Shutterfly (SFLY) was grounded today. The online photo company misses earnings estimates, missed sales guidance and guided first quarter earnings and sales below consensus and full year 2017 earnings estimates to 45 cents to 80 cents verse estimates of $1.08. The company is optimistic about 2018, but the stock is down 15% to the October and February lows.

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.