Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

10/29/18

Do you like my hat? Cloud software firm, Red Hat (RHT) is in the green up 43% after agreeing to be acquired by IBM to become the world's biggest hybrid cloud software provider. It was a bold move by IBM, but something they had to do to compete against the heavyweights like Amazon, Microsoft and Google for a small share of the cloud market.

FANG stocks down again. Facebook, Amazon, Netflix and Google are trading lower. Amazon (AMZN) is down 4% after reporting weak sales and a lower-than-expected revenue guidance for the quarter that includes the holiday shopping season. The IBM and Red Hat deal also creates more competition for Amazon for their server farm business. Amazon is down over 20% in the last month. 

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.