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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

5/3/19

Universal Display (OLED) shining brightly. The lighting technology company is jumping 18% following blow out earnings as revenues rose 101% to $87.8 million, easily surpassing expectations. The surprise upside came from South Korea customers, up 36% quarter over quarter. Sales to Chinese panel makers also grew significantly, now accounting for 24% of total sales. The Oppenheimer analyst made positive comments while the Needham analyst upgraded the stock with a $200 price target.

Cognizant Technology Solutions (CTSH) a little less clairvoyant today. The IT company is down 12% following earnings. Cognizant misses expectations even as sales rose 5% to $4.11 billion. The company went on to lower second quarter sales and full year earnings guidance by 10%. Management blamed incremental softness from their key healthcare and banking customers. The stock received at least six downgrades saying the weakness is company specific.

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.