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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

12/3/15

Good news! With today's diamond your cellphone will still get service thanks to their chip. Chipmaker, Avago Technologies (AVGO) is the diamond today up 9% thanks to better than expected earnings. The company specializes in manufacturing and distributing semiconductors for wide range of uses including wireless communications, wired infrastructure, enterprise storage and industrial products. Avago counts two of the hottest tech stocks, Apple and Palo Alto Networks, as major customers. The fact that Avago reported strong demand bodes well for Apple and Palo Alto fourth quarter earnings. Looks like these stocks may see a Santa Claus rally.

Retailer, Express (EXPR) is in the slow lane today down 6% even as earnings came in better than expected. The industry retail numbers have not been encouraging so far this holiday. Over the four-day Thanksgiving weekend, brick-and-mortar retailer saw sales fall 10% to $20.4 billion. As mentioned, Express actually beat analysts' estimates with its third-quarter results while predicting earnings in the fourth quarter of 60 cents to 64 cents would be in-line, but the investment pessimism over the sector has claimed a another victim.

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.