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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

3/14/17

 Beauty and the Beast is coming. Disney (DIS) is up a percent to a new 52 week high following an upgrade this morning. The analyst said Disney's recent box office hits, the related consumer products surge, as well as a major theme park updates should breathe new life into Disney and start of a new expansion cycle. ESPN and their media networks continue to struggle, but the analyst said that's not enough to offset his renewed enthusiasm for the rest of the entertainment behemoth's other businesses. The analyst upgraded Disney stock from $118 to $128.

Valeant Pharmaceuticals (VRX) loses its biggest cheerleader. Valeant's stock is down 11% to a new 52 week low after their biggest bull, Bill Ackman of Pershing Square sold his 8% stake in Valeant. An analyst today said, the turnaround for Valeant may end up taking a lot more time and perhaps have more challenges than originally anticipated. Not a lot great news for Valeant.

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.