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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

4/22/16

Just like our diamond's name your portfolio is advancing. Advanced Micro Devices (AMD) is soaring 40% after the company announced a notable IP licensing agreement along with better-than-expected first-quarter 2016 results. AMD has struck a $293 million agreement to license its processor and SoC technology to a newly created joint venture formed with China-based Tianjin Haiguang. The company called the agreement a meaningful step in their attempts to monetize their valuable assets.  MKM Partners upgraded AMD to Buy from Neutral today raising their target to $4 from $2.90 a share.

A B C, 123, Alphabet Inc (GOOG) is losing value dragging the Nasdaq with it. Alphabet, Google, whatever its called dropped 5% today following disappointing earnings. The company reported adjusted earnings of $6.02 per share missing Zacks estimates by a wide margin. Revenues of $16.47 billion was up more than 17% year over year but down 5% sequentially. But the news wasn't all bad. On the conference call, the company's Chief Financial Officer Ruth Porat pointed out that substantial strength in mobile search drove a 20% gain in company-owned site revenue during the quarter. I'm sure it won't be long before Google is trading higher again.

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.