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

11/4/15

The future is now for electronic cars. Tesla Motors (TSLA) is the diamond today up over 10% or 21 points thanks to better than expected guidance. While the third quarter's numbers were not spectacular, the company guided to 17,000 to 19,000 deliveries in the fourth quarter or 47% to 64% sequential growth and 73% to 93% year-over-year growth was music to investors ears. In other words, Tesla expects its fourth quarter to be its biggest quarter yet. The market's enthusiastic response may also include some optimistic perspective from management on the demand for its vehicles, which noted that launch of its recent Model X SUV actually accelerated order growth for both Model S and Model X.

Groupon's (GRPN) got its own deal today, up to 30 percent off for a corporate makeover. The stock is  plunging nearly 30%, its biggest one-day decline, after the company said it doesn't know whether it will lose money or make a penny a share in the fourth quarter. Analysts estimates for the fourth quarter were for a 7 cent a share gain while sales may now be at least 11 percent below the consensus estimate. Remember the time Google wanted to buy Groupon for $6 billion? Well, after dropping 65 percent for the year, the company is now worth less than a third of that.

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.