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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

1/25/17

Boeing (BA) lifts the Dow above 20,000. Boeing is up 2.6% to a new 52 week high following better than expected earnings. The numbers actually were not great as revenue missed estimates and the company bought back $500 million worth of stock to make the earnings look better than expected. The company guided 2017 earnings and sales in line with estimates.

As Boeing soars, United Technologies (UTX) flames out. The Industrial conglomerate and jet engine maker dropped over 2%, the worst performing Dow component, as earnings beat, but revenue fell short similar to Boeing.  United Tech sees intrinsic value significantly higher than stock price and will continue to buy back stock setting aside $3.5 billion for buy back in 2017 and $1 billion-$2 billion for acquisitions. Long term the company is well positioned.

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.