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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

3/12/19

Stitch Fix (SFIX) fixing its problems. The online boutique firm is up 25% to a six month high following earnings. Stitch Fix easily beat estimates as sales rose 25.0% to $370 million. The company also raised current and full year earnings estimates. In December, investors fretted over the possibility of flat month-to-month active-customer growth, but when those numbers came in up about 100,000—coupled with more-aggressive full-fiscal year targets than previously reported—investors breathed a sigh of relief. Management expects net revenue growth to be driven by a combination of continued active client growth and net revenue per active client momentum.

Hercules Capital (HTGC) looking weak today. Financial firm, Hercules is down 9% to a two month low after news broke their CEO, Manuel Henriquez, was charged with conspiracy to commit mail and wire fraud in connection with a $25 million college admissions bribery scheme. Mr. Henriquez is not alone as dozens of high-profile executives and celebrities were charged including an actress from the once popular TV show, Desperate Housewives. Seems appropriate.

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