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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

8/9/18

Roku (ROKU) streaming higher. The company known for device that connects televisions to streaming services like Hulu, Netflix and Amazon.com is up 20% following earnings. Roku easily beat estimates by 15 cents as revenues rose 57.4% year over year to $156.8 million. However, the company has been witnessing intense competition in this space from Apple Inc's Apple TV, Alphabet Inc's Google Chromecast and Amazon.com Inc's Amazon Fire TV.

Chip and chip equipment makers not having a good day. Seagate (STX) is down 6% on a downgrade to a sell from Goldman while Morgan Stanley has the chip equipment makers lower on comments  that cyclical indicators are flashing red signal. Applied Materials is down 2.7%, Micron is down 2.3% and Lam Research is down 3%.

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.