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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

2/5/19

Oil continues to shine. British Petroleum (BP) is up 3% to a three month high following earnings. BP beat by 91 cents as sales rose 11.6% to $75.68 billion. As one analyst put it, BP is firing on all cylinders and continues to see improving efficiencies leading to better cash flows and profits over time. BP sports a 5.7% dividend yield. South American oil company, Geopark (GPRK) is up 8% to a four month high after raising oil and gas reserves.

Gilead (GILD) sliding lower. The biotech giant is down 3% following earnings. Gilead missed earnings estimates by 26 cents as sales fell 2.6% to $5.8 billion. The good news is Gilead remains very profitable making over $8 billion and raised the dividend 11%, bumping the dividend yield up to 3.6%. The downside is there is no growth and investors speculate Gilead may make a large acquisition to acquire growth.

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.