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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

1/23/18

Netflix (NFLX) is catching up to Disney. Netflix is jumping 10% to new highs following better than expected earnings, sales and subscription numbers. The Internet cable company reported in line earnings as sales rose 32.6% year over year to $3.29 billion. International revenue grew 59% year over year. The reason the stock is up so much is mostly due to net  new subscribers of 1.98 million domestically verse 1.25 million guidance while International net sub additions grew to 6.36 million verse 5.05 million guidance. The analysts loved the news with numerous upgrades with price targets of $280, $281 and $300. The Wedbush analyst remains one of the few bears with a $110 price target.

P&G (PG) having a tough day. The world's largest consumer goods maker Procter & Gamble reported better-than-expected sales and profit for its second quarter on Tuesday, but the stock is lower by 3% as investors focused on a drop in gross margins. Margins fell by nearly 1 percent hit by higher commodity costs, investment outlays and cuts in prices in the grooming business that includes Gillette razorblades. The company has just quelled activist investor Nelson Peltz's attacks on its strategy by offering him a board seat but is struggling to boost Gillette sales against cheaper competitors like Unilever's Dollar Shave Club.

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.