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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

2/12/18

Stocks rebound. The cash rich companies like Apple (AAPL) and Cisco (CSCO) are rebounding 2% after last week's drumming. Apple has 20% of their market cap in cash while Cisco has 15% of their market cap in cash. With large share buyback plans in place, these two tech titans can take advantage of the recent pullback for their shareholders. 

Here come the regulators. Facebook (FB) is down 2% not far from a two month low as a German court ruled that Facebook's insistence that users provide their real names violates the country's data protection laws. The Berlin state court ruled in a suit brought by the Federation of German Consumer Organizations that Facebook's "real name" clause violated the country's regulation that providers of online services must allow users to remain anonymous. Expect more regulation against Facebook, Amazon, Google and others.

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.