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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

11/9/18

Disney (DIS) a bright spot in a down market. Disney is trading up 1.6% to new all-time high following earnings last night. Disney easily beat estimates as revenues rose 11.9% to $14.3 billion. Theme parks and studios business offset extended subscriber declines at its ESPN sports network. Theme park operating profit rose 11% to $829 million. Studio profits doubled to $569 million thanks to big hits such as the "Incredibles 2" and "Ant-Man and the Wasp." Disney has plenty of new movies and sequels coming out in 2019 like Captain Marvel, Avengers 4, Dumbo, Aladdin, Toy Story, Frozen and Star Wars. 2019 should be another great year.  

Yelp (YELP) needs help. The online review website is down 27% to a new 52 week low following earnings. The company beat estimates, but sales only grew 8% to $241.1 million below estimates. Yelp also lowered guidance for the fourth quarter as new accounts for advertising slowed and the company shifted from 12 month customer contracts to non-term contracts. At least four downgrades with new price targets as low as $29 a share.

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.