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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

11/20/18

Campbell Soup (CPB) pleasing shareholders today. The stock is trading up 5% to a two month high following better than expected earnings.  Campbell's beat earnings estimates by 8 cents as revenue rose 24.7% to $2.69 billion ahead of estimates. The company is in the midst of a turnaround to revitalize its business with long-term organic growth expected in 2019. Campbell's stock is still in a correction down 16% year to date after running into supply-chain challenges over the summer.

Retailers feeling the blues ahead of Black Friday. Plenty of earnings reports from the retail sector today, but almost all of the stocks are trading lower. Kohls (KSS) is down 9%, Ross Stores (ROST) is down 7%, Barnes & Noble (BKS) is down 5%, TJX (TJX) is down 4%, Target (TGT) is down 10%, Lowes (LOW) is down 4%, Hormel (HRL) is down 2% and L Brands (LB) is down 14%. Best Buy (BBY) is one of the few retailers trading higher following earnings.

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.