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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

12/3/18

Chines stocks are higher after the U.S. and China agreed to a 90-day ceasefire in the trade war that has weighed heavily on global stock markets for most of 2018. The Amazon of China, Alibaba (BABA) is up 2.9% to a two month high while Chinese conglomerate, Tencent Holdings (TCEHY) is up 4% to a two month high. Speaking of Amazon (AMZN), the stock is up 4.5% briefly surpassing Apple and Microsoft as the top US market cap firm.

Video game stocks are under pressure. Last week is was GameStop (GME) that took a hit. Today Take Two Interactive (TTWO) is down 7% not far from a 52 week low and Activision Blizzard (ATVI) is down 4% to a new 52 week on concerns of slowing demand. Both released long-awaited games recently. Red Dead Redemption II, from Take-Two Interactive came out in late October and Activision's Call of Duty franchise was updated in early October with the release of Black Ops 4. Both initially performed well, but competition from free online gamers like Fortnight has stalled sales.

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.