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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

1/29/16

Almost everyone has used or owned a product from today's diamond, Sony Corp (SNE). Sony is jumping 17% after making a new 52 week low yesterday. The reason for the surge was better than expected earnings up over 21%. Sony gave deserved credit to its games, music, and movies divisions, and in particular to the latest James Bond film Spectre and Adele's record-smashing album 25. Its games sector also sold an increased amount of the new PlayStation 4 consoles during the quarter. Let's hope the better than expected earnings can signal a turnaround for Sony Corp.

 

If you have bought anything on the internet, you probably used our dog's website. Amazon.com (AMZN) a consistent diamond last year, is the dog down 8% after missing earnings 56 cents per share. Revenue rose up by 22% but the strong dollar affected results. Amazon Prime memberships continue to grow strong up 51% year over year. Amazon weakness today is simply giving up yesterdays' gains. Long term Amazon will continue to grow, but with a PE of 100 the stock is not cheap and probably will remain volatile.

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.