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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

1/11/19

 General Motors (GM) raises guidance to start the New Year. GM is trading up 7% to a one month high after raising earnings and cash flow numbers. The company said it expects adjusted automotive free cash flow in 2019 to come in between $4.5 billion and $6 billion. GM forecast 2019 adjusted earnings per share in the range of $6.50 to $7.00, above the $5.86 expected by analysts. The CEO continues to see strength in their core businesses and invest in technologies that will transform the future of mobility. A good star to the New Year.

Weight Watchers (WTW) taking a hit. The diet company stock is down 9% today and down 70% from the summer highs as demand slows. JP Morgan slashed their price target to $37 to $70 citing indications of a weak start to the New Year Resolution enrollment period, which is the key sign up period of the year. The analyst went on to say the current trends will make it difficult for the company to generate significant growth in members. They may have to bring back Oprah Winfrey.

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.