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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

11/3/17

Apple (AAPL) looks great following earnings. Some highlights from Apple's earnings. The company has $269 billion in cash. Revenue in India doubled, iphone 8 sales very strong, Mac had its best September ever, Apple Watch grew 50% in third quarter, wearables up 75% in the fourth quarter, but obviously the future is the iphone X. A lot of people need a new iphone because their three year old battery is dying. The iPhone X will unlock pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone unit growth and a revenue and earnings beat in 2018. Sales should grow 20% next year as earnings may rise 30%. At least 13 brokerages raised their price targets on the stock, with Citigroup making today's most bullish move by raising its price target by $30 to $200. Drexel Hamilton's Brian White is still the most bullish  overall with a $235 price target.

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.

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Stock quotes, commentary, and opinions presented in this site are for informational purposes only and should not be considered as a solicitation to buy or sell any security. Leigh Baldwin & Co., LLC does not guarantee the accuracy or completeness of the information or make any warranties regarding results from its usage.

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