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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

02/06/20

Twitter (TWTR) higher after reaching a financial milestone. The social media website is up 16% to a four-month high after reaching a billion dollars in quarterly revenue. Earnings missed expectations, but the company is making money as Twitter signs up more subscribers. The number of monetizable daily active users rose to a stronger-than-expected 152 million in the fourth quarter, up from 126 million the same period the year before.

Peloton (PTON) continues to lose money. The interactive workout bike company is down 10% at a one-month low following earnings. Peloton actually beat estimates by 11 cents as sales rose 77% to $466.3 million, but the company lowered guidance and continues to lose money lose money. The company did say it's connected fitness subscribers grew 96% to 712,005, total members grew to over 2 million.

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.