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

6/2/17

Broadcom (AVGO) firing on all cylinders. The semiconductor equipment maker jumped 8% to new highs following better than expected earnings. The company easily beat estimates by 19 cents while revenue rose 17.9% year to $4.20 billion. The company also raised guidance for the current quarter and expects demand to remain strong through out the year end. The stock received three upgrades with price targets of $260, $275, and $290.

Restoration Hardware (RH) was having a good year. The home furnishing retailer fell 25% following earnings. The company actually matched earnings and sales estimates, but lowered full year earnings guidance. The company now sees full year earnings guidance of $1.67-1.94 a share verse consensus estimates of $2.17 a share. From March to May, Restoration Hardware's stock more than doubled, but June has been a different story.

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.