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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

3/16/20

Supermarket sales surge as consumers stockpile supplies. Krogers (KR) is up 6% as many supermarkets reporting record sales numbers selling out of a number of products including canned foods and many other essentials and paper products. Many consumer product companies have halted factory runs of niche items such as scented bleach in order to speed up production of more basic merchandise that is in high demand. Brick-and-mortar retailers have warned that hoarding toilet paper, cleaning supplies and food staples was fueling the shortages. Amazon.com, the biggest online retailer, said it sold out of many household staples after orders spiked.

Clorox (CLX) performing well. The global maker of cleaning is up 3% today and up over 10% for the year verse a market down over 20% year to date and down as much as 30% from all-time highs. Ironically, Clorox' stock only returned 3% in 2019.

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.