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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

10/17/17

The rollercoaster ride for W.W. Grainger (GWW) is pointing higher again. The Illinois-based company that supplies maintenance, repair and operating products is jumping 7% to a five month high following better than expected earnings. The numbers were not great as revenue rose just one percent, but with the stock down 30% since February, investors were not looking for much.

Netflix jumped 4% last night following earnings, but is now down 2% as investors take profits. The company actually missed estimates by 3 cents on in-line revenue. Revenues did rise 30% year over year to $2.98 billion as they added 850,000 new domestic subscribers and 4.5 million subscribers worldwide. The analysts still love Netflix with price targets of $235, $207, $250, and $245.

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