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

10/25/17

Akamai Technologies (AKAM) climbing back. The Cambridge, Mass. based provider of content delivery network, or CDN is up 5% to a five month high following earnings. Third-quarter profits actually fell 9% from a year earlier but topped expectations. Revenue rose 6% to $621 million, also above estimates. Akamai is moving into higher margin cloud security services as prices for the content delivery network services continue to tumble. Good news going forward.

Chipotle Mexican Grill (CMG) not so hot. The fast food restaurateur is down 14% to a 52 week low following disappointing earnings. The company missed earnings estimates by a wide margin blaming a data breach, a hurricane or two and other concerns dating back to their 2015 food safety issues. Even with the pull back, the stock still looks expensive. One analyst said he is struggling to find any positive takeaways. Not good.

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.