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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

1/18/19

Kohl's (KSS) is on a tear. After a year that most retailers would like to forget, 2018 and December/November of 2017, have been good to the old box retailers. Kohl's jumped 4% today after Jefferies raised their price target to $100 from $66. Kohl's has received a number of upgrades recently as the stock has risen over 60% in the last three months. Kohls is acting more like Amazon than Amazon.

After nearly six full years, IBM (IBM) managed to bring in more revenue year over year, but shareholders didn't care selling the stock off by 4%. Revenue rose 3.6% to $22.54 billion. Fourth-quarter cloud revenues increased 30 percent to $5.5 billion. IBM beat earnings estimates by a penny. For 2018 earnings estimates are flat, but everything is starting to point in the right direction for IBM.

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.