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

2/7/18

Investors snapping up SNAP (SNAP). The camera social network company is up 38% following better than expected earnings. Snap reported better than expected earnings as revenue rose 72% to $285 million above estimates. Daily active users (DAU) increased 8.9 million or 5% sequentially to 187 million ahead of estimates, the highest net adds since 2016. Average revenue per user (ARPU) was $1.53, up 46% year-over-year and up 31% sequentially. Good news for SNAP and good news for advertising going forward.

Chipotle Mexican Grill (CMG) taking a hit again. The company reported better than expected earnings, but the stock is down 11% not far from a 52 week low. The earnings beat was due in part to a big tax-cut benefit. Investors seem to be focused on the meager same store sales growth for 2018, coupled with fears of a heaping side of cost inflation. Food costs are down, but still count for 34.2% of revenue. A relief in avocado prices during the fourth quarter of 2017 helped earnings. They still make great food.

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.