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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

2/2/18

Amazon (AMZN) is one of the few stocks trading higher today. Amazon is up 5% to new highs and up 50% in the last two and a half months following earnings. The E-commerce giant blew away earnings last night reporting $3.75 a share more than double the $1.85 analysts' expectations. Net income was $1.9 billion for the quarter and $3 billion for the full year. Net quarterly sales grew to a massive $60.5 billion, up 38%, beating expectations. Plenty of upgrades from the likes of Monness Crespi & Hardt with a $2000 target, Needham raised its target to $1700, Stifel raised its target to $1800 while two other analysts came in with price targets of $1750 and $1650.

Plenty of stocks are lower following earnings including tech giants Apple and Google. But Exxon Mobil (XOM) is the dog down 5% back to where it started the year following disappointing earnings. The world's largely publicly traded integrated energy company missed expectations by 15 cents as revenue rose 9.0% year over year to $66.52 billion. Exxon plans on investing over $50 billion in the U.S. over the next five years to increase production of profitable volumes and enhance their integrated portfolio, but investors are not pleased with the results.

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.