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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

2/14/19

Cisco Systems (CSCO) breaking out to new highs. The networking-equipment giant is up 3% to highs not seen since the 2000 tech bubble following better than expected earnings. Cisco beat by a penny as revenues rose 4.7% to $12.45 billion. Cisco also raised guidance and increased the dividend by 6%. The stock now yields 2.8%. Cisco also increased their stock repurchase program by $15 billion. Several upgrades for the stock with price targets of $56, $55 and $62 a share. With 5G coming out later this year, it looks like Cisco is firing on all cylinders once again.  

No fizzle at Coke (KO). Coca-Cola is down 7% to a four month low following earnings. Earnings were in-line, but sales fell 5.5% to $7.1 billion, missing estimates. Going forward, Coke is expected to face some headwinds with slower growth. The economy a little softer than last year, more volatile and uncertain, especially in Argentina, Turkey, the Middle East and Europe. Coke bought back a little stock to offset compensation dilution. The dividend remains key priority along with M&A. As one analyst put it, with a muted outlook and no M&A catalyst, the stock is expected to underperform.

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.