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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

3/7/18

Autodesk (ADSK) in auto drive. The design software titan jumped 15% to new highs following better than expected earnings. Both revenue and earnings came in above expectations, overshadowing first-quarter 2019 guidance that fell a bit short. Sales rose 15.7% year over year to $553 million. Subscription plan annualized recurring revenue reached $1.18 billion, up more than 100% year over year, with the company adding 371,000 new subscribers during the fourth quarter. Three upgrades with prices targets of $145, $150, and $200.

Exxon Mobil's (XOM) forecast falls flat. The world's largest publicly traded oil company, for now, fell 2.5% on an ambitious outline for capital spending plan and earnings expectations. Exxon expects to double annual earnings by 2025, but cash flow is lagging rivals Chevron and Royal Dutch Shell.

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