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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

10/19/17

Adobe Systems (ADBE) rocketing higher.  The digital media and marketing software firm is jumping 11% to a new all-time high following better than expected earnings and raised guidance. Adobe is targeting adjusted earnings per share of $5.50 next year, up 30% year-over-year and topping analyst expectations for $5.20. Sales are expected to rise 20% year-over-year to $8.7 billion, outpacing consensus views of $8.6 billion. Adobe stock received at least 11 upgrades with Piper Jaffray analyst as the most bullish with a price target of $195 a share.

United airlines (UAL) not doing as well as the rest. The third largest airliner is down 11% not far from a 52 week low following earnings and lowered guidance. UAL actually beat earnings expectations as sales declined year over year. The biggest disappointment was October and November unit passenger revenue to be ~flat on a year-over-year basis and December unit passenger revenue is expected to be down compared to the prior year due to holiday calendar shifts. The analysts and shareholders are not happy.

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.