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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

1/8/18

Seagate Technology (STX) jumping 6% on a rumored investment in the digital currency, Ripple. The tech firm invested in two of Ripple's fundraising rounds, according to statements on the cryptocurrency company's website, though it's unclear whether it still has a stake. A Seagate spokeswoman didn't immediately respond to a message seeking comment. A couple analysts came out and downplayed the investment, but that hasn't stopped investors from pushing the stock higher. 

GoPro (GPRO) is going lower. The action camera company is down 14% to a new low as the company is reducing guidance and taking a charge of $80 million to reduce expenses and its global workforce from 1,254 employees to fewer than 1,000 employees worldwide. The company is also lowering the price of their new cameras the HERO6 Black, HERO5 Black and HERO5 Session. The founder and CEO Nicholas Woodman will reduce his 2018 cash compensation to $1.

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.