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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

12/19/16

Trump is good for concrete sales. U.S. Concrete (USCR) jumped 2.75% today thanks to positive comments from the CEO. The stock is up 30% since the election as the CEO made optimistic projects for increased funding (infrastructure spending) and maybe a wall between the US and Mexico once Trump is in the White House. The positive comments were primarily about increase spending for roads and bridges. Infrastructure spend/lower tax could also be a longer term benefit in 2018 and later.   

Mosaic (MOS) does not smell good. The fertilizer company announced the acquisition of competitor, Vale (VALE) for $2.5 billion today, but shareholders don't seem to like the news as Mosaic dropped 6% and Vale dropped 5%. Vale will have the potential to earn an additional amount of up to $260 million to be paid in cash over the two-year period, but in the current year the deal will not add to earnings.

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.