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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

11/21/17

Apple dragging the Nasdaq to new all-time highs. Apple (AAPL) is up 2% as demand for their iphone 8 and iphone X will ramp up over the next several weeks and months. The analyst at Canaccord Genuity expects 78.5M in iphone sales in the December quarter which will translate into 87 billion in sales and $19 billion in profits. Most companies can't make that in a whole year or several years. If Apple gets to $195 a share, the company will be worth a trillion dollars and may be cheap.

Campbells Soup (CPB) is mmm,mmm, bad. The soup company is down 8% not far from a 52 week low following disappointing earnings. The company missed estimates as sales declined 2% year over year. The company also lowered guidance for 2018. While demand has been soft for Campbell soups, the company blamed part of the earnings miss on higher carrot costs. Not sure if that was their best excuse to go with.

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.