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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

5/30/17

Amazon (AMZN) hits a $1000 a share. Jeff Bezos set out with a straightforward plan to sell books online, few anticipated the company would grow exponentially by offering the world's consumers virtually everything they need for everyday life. Amazon's market cap now stands at nearly half a trillion dollars with revenue to touch $200 million, growing 20%. Not bad. With a 17% stake, Jeff Bezos is worth around $85 billion, right behind Warren Buffett.

British Airways' epic meltdown over a busy holiday weekend has all the airliners Delta (DAL), American (AAL), United Airlines (UAL) trading lower. With nearly 600 flights canceled and luggage unable to be dispersed, images and horror stories quickly coursed through social media. Damages for rebooking and compensating customers is estimated to cost British Airways around $112 million. Ouch.

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.