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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

9/17/15

Buy clothes, buy TV's, buy paper, and buy Shopify (SHOP) stock. The cloud based sales platform shot up 20% after Amazon named Shopify as their preferred partner. Amazon decided to shut down their Webstore e-commerce services and to use Shopify instead. Shopify will also partner with Facebook to utilize the social media site to the best of its abilities. Look for more great things from Shopify going forward.  

Filter today's dog out of your portfolio. Clarcor Inc (CLC) makes filtration units in three different industry segments: engine/mobile, industrial/ environmental, and packaging. The stock is down 12% after missing analyst expectations by 20% for their third quarter. A year ago they earned $41.1 million, but this year they reported just $33.1 million. The company is blaming the global slowdown for less demand. Expect to hear that excuse more in the coming weeks.

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.