Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

3/13/20

Oracle Corp. (ORCL) was the oracle today. The software giant was up 20% following earnings and a new share buyback. Oracle topped analysts' estimates for quarterly sales, signaling that demand for the company's cloud services is holding up in the face of an economic slowdown caused by the coronavirus outbreak. The company also announced a $15 billion share buyback program calling their stock cheap in their opinion.

Slack Technologies (WORK) cut some slack. The collaborative software stock fell 8% following earnings and weak guidance. Slack warned that its billings this fiscal year will be substantially softer than Wall Street expectations and that it may potentially feel the effects on its business from COVID-19 fears among its corporate customers. Some analysts question whether its coronavirus or actually Microsoft threatening Slack's business.

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.