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

1/30/19

Apple (AAPL) and Boeing (BA) are lifting the averages. Apple is up 5% while Boeing is up 7% not far from an all-time high. Apple beat reduced earnings estimates as sales fell 4% and the company reduced first quarter guidance. The good news is Apple remains a cash cow with $245 billion on the books. Boeing is firing on all cylinders as the company easily beat as sales rose 14% to $28.34 billion, surpassing the $100 billion mark for the first time in its 102-year history. Boeing also raised guidance and sales for the year. Boeing is forecasting operating cash flow between $17 billion and $17.5 billion in 2019, compared with cash flow of $15.32 billion in 2018.

Tupperware (TUP) has a leak. The stock is down 29% to a 10 year low following earnings. The earnings were actually in-line, but sales fell 14.1% to $505.9 million. Tupperware also lowered full year guidance and cut the dividend to 27 cents from 68 cents. Tupperware is blaming China, but they have a problem everywhere. Sales metrics for the quarter included sales declines of 7% year/year in North America; 22% in South America; 12% in Europe; and 16% in Asia Pacific, including a 45% decline in India and 41% in Indonesia. Other than that, the company is doing great.

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.