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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

7/14/17

 

Boeing (BA) leading the Dow higher. The top Dow component year to date is up a percent to a new all-time high thanks to an upgrade at JP Morgan. The analyst is bullish on the entire aircraft industry thanks in part to efforts by Boeing to shape the sector. The firm sees Boeing's efforts potentially leading to stronger performances among its peers. The new price target is $240 a share.

Banks under pressure today. The financials have performed well of late after passing their Fed stress tests and boosting their dividends, but JP Morgan (JPM), Wells Fargo (WFC), and Citigroup (C ) are lower by a percent or more following good, but not stellar earnings reports. Going forward the financials should resume their upward trend, but today investors are taking profits.

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.