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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

7/16/19

JB Hunt (JBHT) continues to chug along. The trucking and logistics company is up 6% to a three month high following earnings. Earnings were not spectacular beating by 2 cents as revenues rose 5.7% to $2.26 billion. But the stock was not far from a 52 week low due to fears of wage inflation, rail problems, and the ever-shrinking delivery window thanks to Amazon.com. Cowen upgraded the stock with a $113 price target stating management's comments concerning pricing and the overall landscape were more positive than many anticipated.

Domino's Pizza (DPZ) taking a hit. Domino's is down 7% near a four month low following the slowest U.S. same-store sales growth in at least three years and concerns about the company's delivery service strategy. Competitors like UberEats, DoorDash and GrubHub are pushing into the pizza delivery business, which has been at the heart of Domino's expansion into the world's biggest pizza chain. Domino's wants to speed up delivery times by opening more stores near existing ones, but that plan may not be the best strategy.  

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.

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