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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

1/16/19

Big banks performing well. Bank of America (BAC) is up 7% while Goldman Sachs (GS) is up 9%. Both are at one month highs following better than expected earnings.  Citigroup started off the week with better than expected earnings. Citi is up 10% for the week. As one analyst put it, the banks are in the best condition in decades. Could be a good sector for 2019.  

Ford (F) lowers guidance. Ford is down 6% after saying earnings would come in below their range of $1.30 to $1.50 per share set as recently as late October. Earnings before interest and tax excluding special items will fall 27% to $7 billion despite the CEO reining in rising costs. Ford said slumping sales in China and pricing pressures in Europe were to blame. Plus, the younger generation doesn't want to own cars like their parents. They would prefer to Uber and car services.

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.