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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

4/28/17

Big cap tech is leading the way. Facebook, Apple, Amazon, Netflix and Google have been leading the major averages higher year to date. Facebook (FB) is up a percent on an upgrade with a $165 price target. Google is up 4% on better than expected earnings while Amazon is up 2%. The other FANG stocks, Apple and Netflix are quiet today, but up over 20% year to date.

 Columbia Sportswear (COLM) feeling the pain of Amazon. The apparel retailer is down 6% due to soft sales in the U.S. and Canada along with lackluster performance of their own Columbia brand. Canaccord Genuity downgraded the stock saying other retail companies are not buying their inventory due to industry door closures, bankruptcies and still-cautious fall order patterns. The good news is the company has a strong balance sheet with $8 in cash per share.

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.