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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

10/14/16

The two worst performing sectors YTD are going in different directions today. The financials look good following higher interest rates and better than expected earnings from the likes of Citigroup (C), Wells Fargo (WFC) and JP Morgan Chase. For some reason, Goldman Sachs (GS) was the diamond of the day up 2% to its best levels since January. Goldman will report earnings next week.

The healthcare space keeps moving lower. The worst performing sector for the year looked like it this week with the sector index back down to a three month low. Stocks like Celgene (CELG), Biogen (BIIB), Allergan (AGN) and ABBVie (ABBV) are at 3 month lows, Jazz Pharma (JAZZ) is at a 6 month low and Gilead Science (GILD) is at a 3 year low. Illumina (ILMN) was the dog of the week down 25%. Mission accomplished Hilary.   

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.