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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

12/24/15

Nike's (NKE) down on a stock split. Nike split its stock 2 for 1 today.  Back in the 90s stock splits were all the rage, but since then you have stocks rising to the moon like Pricline, Google, Amazon, Chipotle Mexican Grill, and others. Nike is down 2% or down 7% from yesterday's all-time high. No news other than profit-taking. Nike has been one of the best Dow components up over 20% year to date even with the recent pullback.

The ying and yang of oil. 2015 will be one to forget for oil companies. Oil is down which typically means the airlines, are higher. Today's diamonds are Delta, United Airlines, Southwest, and American Airlines all up over 1%. United (UAL) is up 3%. If oil remains low in 2016, the airlines will save billions. Delta is projecting $3 billion in savings so far. The unseasonably warm weather on the east coast has also dramatically lowered delays and cancellations for the airlines saving a lot of headaches for passengers and airline workers.

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.