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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

10/11/17

ETFs keep growing in popularity. Top asset manager, Blackrock (BLK) rose a percent to a new 52 week high following better than expected earnings thanks to the popularity of their iShares ETFs. The company easily beat estimates as assets under management surged 17% to $5.98 trillion as net inflows rose to $96 billion. Wow.

GE can't get out of its own way. General Electric (GE) dropped a percent to a new 52 week low on a downgrade from JP Morgan and concerns the dividend will be cut. GE did make a statement that the dividend is a high priority, but investors are also worried this might be a kitchen sink quarter when GE reports a number of losses in various divisions.

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.