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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

10/26/18

At least one chip stock moving in the right direction. Intel (INTC) is up nearly 3% following better than expected earnings as sales rose 18.7% to $19.16 billion, a billion dollars above estimates. The company also issued upside guidance for the fourth quarter. Data center, client computing, Internet of things, memory and mobilized businesses all achieved record revenue. Intel received at least four analyst upgrades with price targets in the mid-50 dollar range.  

FANG lost the A and the G today. Amazon (AMZN) is down 8% while Google (GOOG) is down 4% following earnings. Amazon easily beat estimates as revenues rose 29.3% to $56.58 billion, but then the company lowered guidance for the holiday season. Something tells me Amazon will be alright. Google also beat earnings estimates, but revenue rose 21.4% to $33.74 billion below estimates. Longer term both stocks are fine, but short term under pressure.

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.