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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

7/5/17

NVIDIA (NVDA) is benefitting from demand for cryptocurrency. Nvidia is rebounding 3% following a recent sell off due in part to demand from a new industry. Cryptocurrencies like Bitcoin and Ethereum are up 325% and 2,240% in the last 12 months. Thanks to strong demand, cryptocurrencies need Nvidia's graphics processing unit (GPU) to accelerate their operations. One analyst said cryptocurrency miners purchased $100 million worth of NVIDIA GPUs in just 11 days. Ethereum miners preferred AMD's GPUs, indicating that AMD's sales are probably higher than NVIDIA's sales.

O'Reilly Automotive (ORLY) needs a major tune up. The stock for the auto parts maker is down 18% to a three year low after saying second-quarter comparable store would rise only rise 1.7%, well short of its guidance of 3% to 5%. Long term, the company remains confident in the health of their industry and their team's ability to provide exceptional customer service and take market share in this challenging demand environment. Unless everyone switches to battery charged cars.

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.