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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

8/10/17

The Trump trade. 21st Century Fox (FOXA) is up a percent to a new recent high after beating earnings on in line revenue. Revenues rose 1.5% year/year to $6.75 billion. As one of the few conservative cable tv networks, Fox credits their investment in video brands, and programming to differentiate themselves. Maybe they should thank Trump.

The FAANG stocks are lower. Facebook, Apple, Amazon, Netflix, and Google are all down 2% or more. Chipmaker, Nvidia (NVDA) is down 3% ahead of earnings tonight. The stock may quickly turn into a diamond tonight. If not, there may be more downside for the FAANG stocks.  

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.