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

11/17/17

Revenge of the retailers. Investors ae flocking back to the retailers for at least a day. Foot Locker (FL) is jumping 24%, Abercrombie & Fitch is up 20%, Ross Stores is up 10%, Gap is up 7% and Buckle is up 5%, all following earnings. Besides better than expected earnings, Foot Locker is also elevating the consumer experience with Nike by hiring new experts specially trained on Nike products. Up until now, investors were concerned Nike was moving away from Foot Locker. Even with today's jump, Foot Locker's stock is still down 40% for the year.

Industrial, Cummins (CMI) is taking a hit this morning. The diesel engine maker is down 4% to a 2 1/2-month low following the unveiling of Tesla's new electric-powered Semi truck. Cummins made a case that it was more than just a diesel engine company and they also think the worst vehicles for electrification are long-haul, over-the-road heavy duty trucks, basically what Tesla unveiled. In the short term, investors are not listening.

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.