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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

10/30/17

Apple (AAPL) powering higher. Strong demand for Apple's iPhone X as pushed the stock up 3% today after a 4% rally on Friday. One well-known sector analyst raised his forecast for pre-orders by 10 million on Monday and another to predict iPhone sales overall next year would be higher than consensus forecasts. Apple indicted on Friday that pre-orders for the 10th anniversary phone were "off the charts". Apple has ceased to give its own numbers on iPhone sales.

Not a good week for the drug sector. Merck (MRK) dropped 5% to a 52 week low after the company withdrew an application for approval for an additional indication of their wonder drug, Keytruda. No concrete reason for the withdrawal was given.  Sales in the US have nearly tripled for Keytruda to $1.05 billion.

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.