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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

7/31/17

Charter Communications (CHTR) is on a roll. The cable company soared 5% today as it went from the acquirer to a potential acquire. Charter was the top gainer in the S&P 500 after the SoftBank CEO, Masayoshi Son said he may be interested in taking over the cable company.

No retailer as the dog today, but Hertz (HTZ) is going back down. The rental car company dropped 21% on a downgrade and negative industry trends. Barclays downgraded the stock with a $9 price target saying while the worst may be over for Hertz, the fundamentals are not improving. Industry data today showed millennials are using Uber and Lyft more and ditching taxis and rental 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.