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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

1/6/16

Maybe the International tensions will ease now that Netflix is available worldwide. Netflix (NFLX) rose 9% today after the CEO mentioned at his keynote session at the Consumer Electronics Show in Las Vegas that the company will now be able to reach two-thirds of the world's online population. The only country Netflix is still not available is China. After another ugly day in the markets, heading home to watch something on Netflix sounds nice.  

Oil is getting cheaper by the today! Great news for consumers, but not for the oil companies, including our dog, Whiting Petroleum Corp (WLL). Whiting's stock close down 12% to another new low, down 80% from the 52 week high. The tensions between Saudi Arabia and Iran did little to raise prices as oil actually fell 5% today. Unfortunately, no end in sight for the price of oil. It's feeling a lot more like the financial crisis for the oil companies every day.

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.