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

7/17/15

Google (GOOG) is back as the diamond of the day.  The search-engine giant added $65 billion to its market capitalization today, more than the size of Hewlett-Packard Co. The surge, following earnings that topped analyst estimates, is the biggest one-day gain in value ever for a U.S. company, according to data compiled by S&P Dow Jones Indices. Apple Inc. held the previous record, with a $46.4 billion surge in April 2012. After being in a tight range for a year, Google definitively made shareholders happy with its break out today.  

Barrick Gold Corp (ABX) was the dog of the day down 5% tumbling to a 24-year low in Toronto, leading a rout among bullion miners, after a sell-off in the price of the metal. Barrick, the world's biggest gold producer, dropped as much as 6.5 percent to C$11.19 in Toronto, the lowest intraday price since May 1991. Goldcorp Inc., the biggest North American producer by market value, declined as much as 5.6 percent and Newmont Mining Corp., the largest U.S. producer, fell 3.4 percent in New York. It hasn't been a tough year for commodities and unfortunately it looks like it may get worse.

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.