Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

7/11/16

Boeing flying high at the Farnborough Airshow in the UK. The stock is up a percent and a half leading the Dow to new recent highs thanks to announcement of the potential purchases of 60 new aircraft and the release of its latest 20-year market forecast showing new aircraft purchases totaling $5.9 trillion at the Farnborough Airshow. The 60 aircraft orders came from two companies valued at $7.3 billion while the 20 year market forecast is an increase of more than 5% compared with last year's estimate of $5.6 trillion. Now all Boeing has to do is executive on these orders.

Twitter (TWTR) continues to struggle. The stock has performed well of late, but is down 2.5% on this generally bullish day thanks to a downgrade. SunTrust's internet analyst, Bob Peck downgraded the stock saying the current environment is challenged on users and engagement and with the recent run up, investors seem to be hoping for a lot of catalysts in the second half of the year. The analyst does concede the company has "intriguing assets" and the best real-time search engine out there with a real time news source. Longer term, the analyst believes Apple (AAPL), Google (GOOGL), or Facebook (FB) could be a viable suiter.

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.