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

5/23/17

Take-Two Interactive (TTWO) is taking the top spot in the markets. The video game maker initially sold off last night on the announcement that a sequel to one of their popular video games wouldn't be available until next spring. However, today the stock is up 5% following better than expected earnings. Earnings blew out expectations while revenue rose 52% to $571 million. The company also raised guidance for the current quarter. Take-Two has been on a roll nearly doubling in the last year.

Autozone (AZO) missing the mark. The auto parts retailer is down 10%, its biggest one day decline, following disappointing earnings. Earnings came in well below expectations while sales missed as well. Revenue only grew 1% year over year to $2.62 billion. One analyst said they have been sufficiently patient with AutoZone, but the poor quarterly results can no longer support a strong buy rating. The company has now missed profit expectations for two straight quarters while same-store sales have missed for five straight quarters.

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.