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

11/24/17

Black Friday lifting the retailers. After a dismal year, Macy's (M) is making a rebound up 4% today and up 19% in the last several weeks thanks to positive comments from their CEO. Macy's CEO, Jeff Gennette said the holiday selling season is off to a strong start  with coat, boot and sweater sales trending well. Amazon is having a record day with their stock up 2%, but consumers seem to be lifting all retail boats today.

The telecoms continue to struggle. Frontier (FTR) dropped nearly 20% on the open, before rebounding. While AT&T and Verizon are rebounding, the smaller telecoms keep going lower. The charts say Frontier is down over 80% for the year as cash flow declines and the mounting debt becomes more of a burden.

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.