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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

2/9/18

Nvidia (NVDA) keeps shining. The chipmaker is up 3% following much better than expected earnings. The company beat estimates by 40 cents as revenue rose 34% year to $2.91 billion well ahead of estimates. Nvidia also dramatically raised guidance for the first quarter. Nvidia intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases. Plenty of upgrades with price targets of $230, $265, $290, $300, $305 and $100. Wells Fargo thinks Nvidia is only worth $100 a share.

Expedia (EXPE) shareholders are fleeing their vacation website. Expedia is down 16% to a two year low following disappointing earnings and cautious guidance. Expedia missed by 31 cents as revenue came in light as well. Going forward, Expedia is forecasting 2018 selling and marketing costs to outpace revenue growth as it battles rivals for market share. Expedia is more aggressively investing in tech and marketing to scale its global footprint and catch up to industry leader Priceline which currently has approximately 2x the inventory and room nights sold as Expedia.

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.