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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

3/19/19

Ford Motors (F) finally having a good day. The automaker is up 3% after boosting U.S. production of its largest sport utility vehicles in a move to grab profits in a market where consumers favor larger, more comfortable vehicles. Ford's Kentucky Truck plant in Louisville will increase the production rate for Ford Expedition and Lincoln Navigator sport utility vehicles by 20 percent in July, adding 550 new jobs. The Trump administration has proposed freezing U.S. fuel efficiency standards, a decision that would make it easier for automakers to sell large SUVs and pickup trucks.

 DSW (DSW) not making money. The shoe retailer is down 13% not far from a 52 week low following earnings. DSW reported a fourth quarter loss missing estimates as inventory ballooned. DSW has been on a buying binge acquiring a number of brands along with Payless Shoes. With the recent acquisitions, DSW will rebrand itself as Designer Brands with a new ticker symbol, DBI on April 2. The name change reflects its growing portfolio with Camuto Group, a design and brand development business that owns the Vince Camuto line which holds footwear licenses for Jessica Simpson and Lucky Brand.

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.