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

10/16/15

GE's future is looking brighter. Thanks to better than expected earnings, GE continued its momentum today rising 3% to a new 52 week high reaching levels not seen since before the 2008 financial crisis.  Besides the better than expected earnings, GE is making a lot of moves to improve shareholder value by spinning off or selling nonindustrial businesses to focus on aviation, energy, transportation and health care, marking a return to GE's manufacturing heritage and a shift away from financing. Thanks to all these moves, CEO Jeffery Immelt expects to return approximately $30 billion to share owners in 2015. Not bad.

The railroads continue to lag thanks to weak demand for commodities and oil. Kansas City Southern (KSU) dropped 10% to a new low following disappointing earnings. The company's energy segment saw some of the biggest declines, with commodities losses totaling 7% year over year. The railroads were on fire the last several years transporting oil all around the country, but demand has slacken even as production continues to remain robust. Hopefully things will turnaround for the railroads in the coming months.

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.