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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

12/23/16

FedEX (FDX) is busier than ever. FedEx dropped earlier in the week after missing earnings estimates, but the stock is rebounding a percent on an upgrade. The analyst at Aegis Capital upgraded the stock with a $215 price target. Yesterday Cowen upgraded the stock saying buy on weakness. The analyst reiterated an outperform rating and $240 price target. Thanks to Amazon, FedEx is busier than ever.

Lockheed Martin (LMT) takes another hit on a tweet. President elect Trump is at it again. In his latest tweet, Trump said the F-35 program is facing tremendous cost and cost overruns. Now he is considering asking Boeing to price-out a comparable F-18 Super Hornet. Investors shouldn't be too worried because the F-35 aircraft is more advanced than the Boeing F-18 Super Hornet. For example, the F-35 has stealth mode capability and the F-18 does not.

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.