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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

5/4/17

Build that Wall! Shares of U.S. Concrete (USCR) are up 12% making a new 52 week high following better than expected earnings. The major construction markets for ready-mixed concrete are dramatically improving. Sales for U.S. Concrete rose 22% to $299.1 million while earnings easily beat estimates. Maybe some of this concrete is going to build the Mexican wall.

Tesla (TSLA) hits a speed bump. After a big run up, the battery car maker is down 5% following disappointing earnings. The company missed estimates by a wide margin, but did beat on sales. The company reaffirmed first half production while the Model 3 is on track for initial production in July.  The analysts remain skeptical of the Model 3 launch and its profitability due to the low price and high battery costs. The analysts also see slowing demand for the Model S/X.

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