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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

10/27/17

A good day for the FAANG stocks. Facebook, Apple, Amazon, Netflix and Google are leading the Nasdaq to new all-time highs. Old techs Intel and Microsoft are higher as well following earnings. Intel, Microsoft, Netflix, and Google are at all-time highs.  Jeff Bezos at Amazon will surpass Bill Gates today as the wealthiest man in the world valued at over $90 billion dollars. He's having a good day.

While the tech stocks look good, there are a lot of land mines out there. Travel website, Expedia (EXPE) is down 18%, retailer, JC Penney (JCP) is down 18% heading to zero. Merck, Western Digital, Goodyear Tires, Gilead, and Chevron are down at least 3% following earnings. The broader market is not looking so good.

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.