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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

8/29/18

 

Amazon (AMZN) up 2.8% on an upgrade. The online retail giant is making new highs not far from becoming the second trillion dollar company behing Apple. Morgan Stanley analyst Brian Nowak lifted his price target by 35% to $2,500 a share Wednesday, implying a market value of $1.2 trillion, while keeping his 'overweight' rating on the stock in a client note that included an upgrade for Google parent Alphabet Inc. (GOOGL) . Nowak said the group's high growth, high-margin revenues -- such was web services, advertising and subscriptions -- give it room to both invest and generate higher profits for investors over the near term.

 While most retailers are having a great, "back to school season", a few continue to struggle. Tiffany (TIF) is down 4% following earnings. The company actually beat estimates, but then lowered guidance for the third quarter. Dicks (DKS) is lower by 2% following earnings. Kohl's (KSS) is down 2% following earnings.

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.

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