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

2/26/19

Things looking up at Etsy (ETSY). The online E-commerce company is up 15% to all time highs following better than expected earnings. Etsy beat expectations by 4 cents as revenues rose 46.7% to $200 million, ahead of estimates. The company gave upside guidance for 2019. Management said the strong holiday season was due to a number of factors including an improved selling platform and "more competitive shipping prices." A number of upgrades with price targets of $75 and $80 a share. 

Blame it on the Rain. Home Depot (HD) is down 2% today following earnings. Earnings beat expectations, but sales and guidance was light due in part to, rain. The bigger story is slowing housing demand. The stock market fourth quarter swoon and the worst December in 80 years probably didn't help consumer confidence in buying or updating their home. Home Depot did authorized a new $15 billion share repurchase program, and a dividend increase, for the 10th year in a row, of 32%, to $1.36 a share for a 2.9% yield.

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.