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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

10/25/18

Tesla (TSLA) is making money. The battery car company is jumping 8% after reporting real profits. The drumbeat for Tesla going out of business should slow as the company reported earnings of $312 million verse estimates of a loss of $169 million. Free cash flow came in at $881 million and the company is targeting profitability and positive cash flow every quarter going forward. At least four upgrades with price target of $396, $400, $418 and $430.

Another chip company bites the dust. Yesterday the dog was Texas Instruments. Today it's AMD (AMD).

AMD is down 16% at a three month low following earnings. The company actually beat earnings estimates as sales rose 4.4% year over year to $1.65 billion. It was AMD's fifth straight quarter of year-over-year revenue and net income growth. But the company lowered guidance for the fourth quarter. AMD received at least five downgrades, but a few analysts defended the stock saying the overall bullish theme is not broken, just another cyclical swing in the wrong direction.

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.