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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

5/21/19

DowDuPont (DWDP) is up 4% on a $2 billion share buyback. DuPont will become an independent company on June 1st following the separation of the specialty products and agriculture business. DuPont will initiate the $2 billion share-repurchase program following the spinoff. DowDuPont Specialty Products is currently a division of DowDuPont, formed in a mega merger concluded in 2017 with Dow Chemical. Going forward the company is dividing into three separate entities.

Kohl's (KSS) having a tough day. The retailer known for Amazon returns is down 12% at a 52 week low following earnings. Kohl's missed by 6 cents as sales fell 3.3% to $3.82 billion, below estimates. Kohl's went on to lower full year guidance. Management said the year has started off slower than expected. I guess Amazon isn't helping the retailer much yet.

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