Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

11/16/17

Walmart (WMT) coming after Amazon. The big box retailer is up 8% to new highs as the company is transforming more into the Amazon business model. Walmart bought out Jet.com for more than $3 billion last year, adding online services and acquiring brands like Bonobos and ModCloth. E-commerce sales grew 50 percent, though Walmart has a long way to get even close to Amazon's dominance online. Walmart said in October that U.S. e-commerce sales should be about $11.5 billion this year and it expects global e-commerce to be $17.5 billion. That's still less than 4 percent of overall sales well behind Amazon's $94.66 billion in the last calendar year.

Viacom (VIAB) not acting well. The owner of MTV and Comedy Central, said it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down 3% in morning trading. The largest U.S. cable and satellite companies have shed more than a million subscribers so far this year, a situation that has left them less willing to pay for Viacom's programs. Viacom said it expects high single-digit declines in U.S. affiliate sales in the first half of 2018. For the year, it expects affiliate sales to be down in the mid-single digits with positive sales returning in 2019.

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.