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

11/8/18

Crocs (CROX) is back. The rubber clogs, sandals and shoe maker is jumping 25% following earnings this morning. Similar to yesterday's diamond Twilio, Crocs is not making much money, but the good news is they are not losing money. Revenues rose 7.3% to $261.1 million ahead of estimates. The company gave inline guidance, but raised gross margins so it looks like Crocs will keep making money going forward. Croc's also recently partnered with Susan G. Komen®, the world's leading breast cancer organization, to provide shoes with the Susan G. Komen's iconic pink Running Ribbon. Three dollar from every pair purchased will go to the organization. 

No Steve Wynn, no spectacular results. Wynn Resorts (WYNN) is down 11% today following earnings. The company actually beat earnings and sales estimates, but sluggish demand for the fourth quarter in Macau, China has investors cashing in their chips. Most of the issues at Wynn are out of their control. The US/China trade dispute has certainly hurt China with their stock exchange down over 20% year to date. However, the dismissal of founder Steve Wynn due to inappropriate behavior early this year doesn't bode well for the long term success of Wynn Resorts. The stock is down 50% from the May highs, but good news, Steve Wynn sold his entire stake 77% higher from current levels.

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.