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

5/8/19

Boycotts not hurting Wendy's (WEN). The fast food restaurateur is up 4% to a new 52 week high following better than expected earnings. The burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with avocado and bacon. Boycotting Wendy's has grown, supported by many celebrities, as Wendy's is one of the last chains not to sign on to the Fair Food Program to provide farmworkers better working conditions, better pay and other benefits.

Lyft (LYFT) not getting a lift. The on-demand ridesharing company is down 6% not far from a 52 week low following earnings. Lyft report earnings, or a lack there off, losing over $2 billion, as sales rose 95% to $776 million. Lyft raised sales guidance for the current quarter and full year. Lyft also said the losses would peak in 2019, but the company is still a long way from profitability. Larger rival Uber (UBER) is expected to IPO Friday.

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.