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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

7/22/16

Chips and tech continue their rebound. Chipmaker Nvidia, Qualcomm and others have reported strong earnings. Now its AMD's turn. AMD's stock (AMD) is up 13% following better than expected earnings. The semiconductor maker posted second-quarter results that reported an increase in revenue for the first time in two years as the stock has nearly tripled since February. The huge gains come as CEO Lisa Su, an electrical engineer and chip designer who took the top job almost two years ago, continues to execute on her comeback in fundamentals. So far so good.

Pokémon has been good to Nintendo. Nintendo's stock (NTDOY) after going sideways for a number of years jumped over 100% in the last month following the hit release of video game and app, Pokémon Go.  However, the stock is a dog today down 12% on a downgrade from the analyst at Wedbush. The analyst mentioned Nintendo is booking only modest profits from Pokémon Go and likely struggling to achieve its full year 2017 guidance. Looks like a good time to take profits for long time investors.

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.