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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

7/10/17

Oil driller, Apache (APA) is up 2.5% thanks to a positive article in Barron's saying the stock could double.  Apache has done a good job of turning around the company focusing on profitable properties like the Permian Basin. On the sum of their assets, one portfolio manager says the stock is worth $90 a share. If the price of oil rebounds, Apache will not only return to profitability, but could triple cash flow in the next three to four years.

Best Buy (BBY) taking a hit ahead of tomorrow's Amazon Prime Day. Amazon is pulling out all the stops to create a Black Friday for themselves tomorrow with more than 100,000 deals for their Prime members. Besides Prime Day, rumors say Amazon is working to establish a service department like Best Buy's Geek Squad.

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.