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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

9/6/16

FANG stocks are back. Facebook, Amazon, Netflix, and Google are all trading higher. Facebook (FB) and Amazon (AMZN) are at new 52 week and all-time highs. No news on either today. After doubling in 2015, Amazon is up 14% year to date while the Retail index is unchanged for the year. Amazon is definitely changing the retail environment, making tougher on the brick and mortar companies.

Good news for Navistar is bad news for Cummins (CMI).  Cummins is coming under pressure down 6% after rival engine maker, Navistar struck a deal with Volkswagen to buy a substantial stake in the firm. One analyst suggested a strengthened Navistar is not good news for Cummins as it could potentially lead to lower market share/margins down the road. We'll see.

 

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.