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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

6/5/17

Another $1000 tech stock. First, Amazon hit $1000 a share two weeks ago. Now Google or Alphabet (GOOGL) is joining the group. Tech has been on fire this year up 22% with the Nasdaq composite up nearly 18%. Adding up the market caps of Apple, Google, Microsoft, Amazon and Facebook now stands at $3 trillion. Not sure how much more upside there is in these tech stocks.

Herbalife (HLF) takes a hit. The global nutrition stock is down 5% after lowering second quarter sales guidance. The company is blaming the lower sales on new government guidelines, but just a month ago the company was raising guidance. Long time critic, Ackman wants Herbalife to explain recent insider stock and option sales. Ackman also wants the company to clarify reports of recent executive departures. More drama for Herbalife.

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.

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