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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

12/1/15

Putting the alpha in Alphabet (GOOGL). Google, Alphabet, or whatever you call it is jumping 2.5% to new all-time high thanks to an upgrade at RBC. RBC upgraded the stock with a $880 price target or 12.6% upside from here thanks to improved profitability with Google's core business, greater cost transparency and efficiencies. Google is helping lift the Nasdaq up 0.6%. December is statistically the best month of the year for the stock markes and with all the major indexes up over 0.5% today, we're off to good start.

Cummins's (CMI) engines are sputtering. Cummins, the designer, manufacturer, distributer, of diesel and natural gas engines is having a tough year.  The stock is down 7% today within a point of its 52 week low on a downgrade from Bank of America/ Merrill Lynch. The analyst stated Cummins is facing slowing demand in China along with a strong US dollar that's hurting earnings. Cramer on CNBC chimed in today saying it looks like there is a recession in Cummins's trucking business.  With the recent pullback Cummins looks attractive trading for 11 times reduced estimates and a hefty 4.2% dividend yield.

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.