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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

6/12/17

Good news GE, your CEO and Chairman are fired! GE is up 4% on news Chairman and CEO, Jeff Immelt will retire at the end of the year to be replaced with 30 year GE vet, John Flannery.  After taking over at the top of the tech bubble, Jeff Immelt do well to expand sales at a number of divisions, spin off GE capital and boost the dividend to shareholders. Unfortunately the stock is has gone nowhere since 2001 and is still down 28% since 2008.

Apple (AAPL) is dragging the averages lower. After the Nasdaq had its second worst day on Friday, the tech index is down again as Apple dropped 3% on a downgrade from Mizuho. The analyst believes the stock has meaningfully outperformed on a year-to-date basis and believes enthusiasm around the coming product cycle is fully captured at current levels, with limited upside to estimates from here on out.

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.