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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

6/13/19

Retail is finally having a good day. Lululemon (LULU) is jumping 3% following strong earnings. RH (Restoration Hardware) is jumping 20% following strong earnings. Red Robin is jumping over 20% on rumors of a private equity firm making a buyout bid.

A downgrade for Twitter (TWTR).  The online social media platform is down 4% thanks to a downgrade from the Moffett Nathanson analyst. The bearish call argues that Twitter isn't spending enough to deal with the safety and security issues plaguing Big Tech. The analyst said, looking into the second half of 2019, now seems to be an especially opportune time to sell Twitter. He went on to say Twitter is approaching difficult top-line comps given the sharp recovery in its U.S. business in the third quarter last year.

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.