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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

3/21/17

The worst sell off for 2017 means not many stocks are trading higher. Investors may want to take a gamble on Wynn Resorts (WYNN). Wynn is up a percent on an upgrade at Aegis with a $121 price target. The analyst said while the valuation is demanding, but believes the potential for upward consensus EBITDA revisions outweigh current valuation. We'll see.

Looks like a bank holiday today. The regional bank sector (KRE) is down 5% to a 3 ½ month low on comments from Sherrod Brown, a ranking member of the Senate Banking Committee. Sherrod suggested today that a full rollback of the Dodd-Frank act will not happen. That seems quite logical, but with the run up in the banks, it didn't take much negative news to cause a financial sell off.

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.