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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

4/14/16

3D printers are back. After a dismal 2015, 3D Systems Corp (DDD) is surging 10%, up 115% year to date thanks to an upgrade this morning. After bottoming in January, the stock has been on a steady climb after hiring a new CEO, the former manager of HP's $26 billion printing business. Today, Merrill Lynch upgraded the stock to a "buy" from "underperform."  They also raised their price target on 3D to $26 a share from $11 a share. The company is expected to release earnings on May 4th.

 

Looks like a whirlpool is dragging today's dog down to its 52 week low. Seagate Technology (STX) dropped 20% today after surprising Wallstreet with a negative preannouncement of earnings. Barron's highlighted the stock this past week saying it was time to buy. So much for that recommendation. Seagate had a great dividend yield going into today. After a 20% drop the yield is up to 9.3%. If they keep it, the stock should be a good one going forward. We'll see what the company says when they report their full report on April 29th.

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.