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

7/8/15

Tesla Motors, Inc. (TLSA)

Very few diamonds today. The high flying Tesla Motors up 55% since April has experienced a downturn costing them $2.5 billion of market cap this week. At mid-afternoon today, the company saw an 11.78 (-4.40%) drop in their stock price. After Pacific Crest Securities lowered their rating on Tesla stock on Tuesday, the company has seen a noticeable decline in stock price. Pacific Crest was not alone in their hold, joining Deutsche Bank shift from buy to hold on Monday, due to valuation concerns and a possible slow down in sales out of China. China should be a good escapegoat for any downside guidance this quarter.  

 

Ford Motor Co. (F)

Ford Motor Company is driving downhill today as analysts predict a negative affect towards Ford shares due to the stronger United States dollar. Ford is down .45 points or 3% today to 14.40 from its previous close of 14.85. In the first quarter Ford's revenue fell by about 1.4 billion dollars due to a strong US dollar, thus the second quarter may bring the same reduction in revenue. Ford may have a bumpy road ahead if the US dollar stays strong and China's growth continues to slow.

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.