Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

12/31/16

Goldman Sachs (GS) ending the year on a high note. The investment banking firm seems to be benefiting more than most from the surprise Trump election. The stock is up 33% while the sector is up 17% since the election as it seems like half the executive suite is heading to Washington to work with Trump while the proposed banking deregulation will benefit and boost Goldman's earnings power going forward. Back to the future for Goldman.  

Cabela's (CAB) merger is hitting a snag. The outdoor sports retailer is down 5% after the FTC issued a "second request" for information regarding their merger with Bass Pro Shop. The FTC's "second request" has the effect of extending the waiting period while also putting the merger under scrutiny and jeopardy. Not a good way to end the year.

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.