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

7/29/15

Buying defensive stocks and defense companies has worked the last few weeks. Today, defense company Northrop Grumman (NOC) is the diamond of the day up $10 or 6% following better than expected earnings and raised guidance. The stock broke through resistance of around $172 today so there may be more upside for Northrop in the coming weeks and months. Most stocks can't say that.

 

Twitter (TWTR) continues it swoon falling 14% to within points of its all-time low since coming public in 2013. The cause of the stock decline was earnings last night. Growth has slowed for Twitter and management acknowledged that sustained meaningful growth will start when Twitter reaches the mass market and management doesn't expect that to take place for a considerable period of time. No growth, no strategy, and no CEO is no way to run a successful public company.

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.