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

2/21/18

Advance Auto Parts (AAP) likes cold weather. The auto parts company is up 10% after reporting better than expected earnings thanks to above-average demand for car batteries, wipers, and other parts. The company predicted better sales in those items to carry forward into the first quarter of the year as colder weather in key geographies are driving winter-related demand.

Garmin (GRMN) is heading in the wrong direction. The navigation stock is down 3% even though earnings were much better than expected. The earnings and sales beat was due in part to an acquisition of a marine navigation company.  The marine segment brought in revenue of $83.7 million from items like chart plotters, fish finders and wearables. For the coming year, Garmin set high expectations, with revenue of $3.2 billion driven by a 13 percent increase in its outdoor segment, an 18 percent increase in marine and a 17 percent increase in automotive.

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.