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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

6/13/17

Tesla (TSLA) and the techs are bouncing back. Tesla is up 3% not far from all-time highs thanks to an upgrade and bullish comments from money manager, Ron Baron. The upgrade comes from Berenberg saying the battery car maker could have a "near monopolistic" opportunity to gain market share and out-perform rivals in the coming years. The analyst sees Tesla shares surging about 30% in the next year to $464 a share. Ron Baron on CNBC this morning expects Tesla to sell 10,000 cars a week as early as next year and a million cars a year by 2020.

Cheesecake Factory (CAKE) has cake on their face. The restaurateur is down 9% to a 7 month low after warnings about second-quarter same-store sales guidance due in part to unfavorable weather that reduced patio usage in the Midwest and East. Casual dining chains, and the restaurant industry overall, have been facing competition from cheaper groceries and discounts from fast-food restaurants.

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.