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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

1/25/19

Starbucks (SBUX) brewing up something good. Starbucks is up 3% not far from a 52 week high following better than expected earnings. Revenues rose 9.2% to $6.63 billion, ahead of estimates. The closely watched comparable store sales number came in at 4%, beating estimates of 3%. The U.S. saw comp-store sales of 4%, while China's comp store sales were up 1% in the quarter. During the quarter, Starbucks opened 541 new stores, bringing the total to 29,865 worldwide. A number of upgrades with price targets of $70 and $72 a share.

Maybe there isn't an Intel chip inside after all. Semiconductor, Intel (INTC) is down 5% not far from a 52 week low after earnings. Intel actually beat estimates, but then guided lower for the first quarter. The company had plenty of excuses including the U.S.-China trade, the U.S. government shutdown and Brexit. The good news is the company upped the dividend which now yields 2.6%. I guess Intel is an income stock until demand improves again.

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.