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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

7/30/18

Boring is beautiful again. Value stock, AT&T (T) is up 3% after rallying 2.5% on Friday thanks to insider buying and an upgrade. After dropping over 20% since December to a six year low, five directors stepped in on Friday and bought $4.1 million worth of stock. Bank of America upgraded the stock this morning. A 6% dividend doesn't hurt either.

FAANG taking a hit again. Maybe the shift out of tech into value stocks is finally happening. Facebook (FB) is down 4% today after dropping 20% last week following earnings. Netflix (NFLX) is down 4% today after dropping 22% last week following earnings. Not many tech stocks are being spared today as the Nasdaq drops over a percent.

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.