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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

6/23/16

The chips are back! The semiconductor stocks have been acting a lot better as pricing improves for those tiny little chips. One of the most volatile chip stocks, Micron Tech (MU) is our diamond of the day up 10% to a new recent high. The flash memory DRAM maker has seen the price for their chips firm up over the previous weeks.  Two analysts, one at Nomura and the other at Susquehanna upgraded the stock to a buy. Better late than never.

Not feeling the love. Southwest Airlines, symbol LUV is down 2% to a four month low after lowering growth prospects for the next two years verse current rates. The company also raised fuel cost estimates. Another airline that decided to take off their hedges at multiyear lows for crude oil. The company is also delaying the delivery of 67 Boeing 737 MAX 8 aircraft by up to six years. Not good news, but its doesn't seem to be hurting Boeing.

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.