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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

5/3/18

Waste Management (WM) coming up spotless today. The garbage and recycling hauler is up 2% after beating earnings while missing sales estimates. Revenues rose 2.1% to $3.51 billion. The company reaffirmed 2018 guidance of $3.97-4.05 a share in line with estimates. One sore subject with Waste Management is their recycling. 100% of their recycled mixed paper and 75% of their cardboard was going to China. Now only 2% due in part to contamination issues. Who knew?

Tesla (TSLA) and Elon Musk are having a tough day. The electric car maker is down 6% following earnings. Earnings were better than expected as sale rose 26.4% to $3.41 billion ahead of estimates. Tesla continues to struggle to make enough cars to produce profits. Tesla wants to produce 5,000 Model 3 vehicles per week in about two months as the company wants to reach a goal of 100,000 deliveries for the full year. But currently the Model 3 production hit 2,270/week in April for the 3rd straight week over 2,000.

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.