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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

1/12/17

Amazon gets Trump's message. The online juggernaut, a target of Trump before the election, is looking to warm up to Trump with an announcement today to create an additional 100,000 full-time, full-benefit jobs in the U.S. over the next 18 months. Many of the roles will be in new fulfillment centers that have been announced over the past several months and are currently under construction in Texas, California, Florida, New Jersey and many other states across the country. Amazon's stock is up a percent back above $800 for the first time in two months.

 

Hess (HES) is leaking air. The oil conglomerate is down 8% to a one month low after announcing their E&P capital and exploratory budget for 2017 will rise 18% from a year ago to $2.25 billion, to fund additional rigs in the Bakken, development activities in Guyana and to restart drilling in the Valhall Field in Norway. The company is also also taking a number of charges in the fourth quarter including a $3.8 billion noncash charge to establish valuation allowances against net deferred tax assets, a $700 million fourth-quarter charge to impair the carrying value of interests in Equus, and $140 million in charges for rig exit costs.

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.