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

10/11/18

Delta Air Lines (DAL) a bright spot in a down market. The Atlanta based airliner is up 4% after topping third-quarter profit expectations, offsetting higher fuel charges. Revenue rose 8% to $11.95 billion. Delta's solid 8% revenue growth, combined with flat non-fuel unit cost performance, helped offset 85% of the $655 million fuel cost increase in the quarter. The improved cost trajectory gives Delta confidence that they are on a path to deliver continued top-line growth and expand margins into 2019.

A bad day to report disappointing guidance. The engineering, construction and maintenance company, Fluor (FLR) dropped 17% after warnings of a third-quarter revenue shortfall. The company is taking a number of charges for some close out efforts on projects in Europe and a gas-fired power project in Florida. One analyst mentioned this is the eighth miss out of the last nine quarters despite strong new awards last quarter, this quarter, and likely next quarter as well.

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.