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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

2/3/16

Maybe with today's diamond the Zika virus can be defeated before a mass pandemic occurs throughout the world. Gilead Sciences (GILD) is jumping 4% thanks to better than expected earnings last night. The biopharmaceutical giant focused on developing and marketing cures for infectious diseases receives a majority of their sales and profits from their Hep-C drug that cures patients with 12 pills. Following the better than expected earnings the company announced a new $12 billion share buyback program and upped its dividend 10%. The downside is analysts and shareholders are asking what's next for Gilead once everyone is cured of Hep-C. Some are speculating that Gilead will have to go shopping for new acquisitions as Hep-C sales stall.

Illumina shining a little less brightly today. The once highflyer, Illumina is trading down 4% following disappointing earnings. A unique company, Illumina develops tools to help provide information to improve drugs and therapies to cure diseases. Earnings missed by a penny as profits declined 32% year over year. The company is facing sluggish demand out of Japan and China coupled with increased competition from rival, Thermo-Fisher. Long term analysts remain bullish on Illumina thanks to a new initiative called GRAIL that focuses on liquid biopsies. The company could also benefit from opportunities in non-invasive prenatal testing (NIPT), especially if more insurers relax their reimbursement policies. Short term, however, Illumina and the broader market may remain under press.

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.