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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

9/4/19

Navistar International (NAV) fires up the engine. The truck and diesel engine maker is jumping 10% following earnings. Navistar easily beat expectations by 35 cents as sales rose 16% to $3.02 billion. On the conference call, management said order activity picked up due to traditional fleet ordering season. The company expects carriers to continue to replace older trucks. For the retail division, the market share will range between 18.5-19%, one point higher than 2018 market share. Even with today's rally, the stock is still not far from a 52 week low.

Tyson Foods (TSN) not all about chicken. Tyson is down 5% after lowering guidance due to slowing chicken processing this year after it recalled millions of pounds of poultry over concerns they contained materials like rubber and metal. Yikes. Tyson is also grappling with volatility in prices for grain used to feed chickens and a fire that shut a large beef plant in Holcomb, Kansas. Other than that, things are great.

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.