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

4/8/19

A new age for New Age Beverage (NBEV). The functional medical beverage company is up 18% after announcing a distribution agreement with Walmart for their Marley brand of beverages. New Age acquired Marley in mid-2017 and in 2018. The company's partnership with Walmart is its first national distribution deal. Along with the deal, New Age is taking advantage of the rally to file a $200 million mixed securities shelf offering. Smart.

Boeing (BA) cut production. Boeing is down 5% after temporarily cutting 737 MAX production rate from 52 airplanes per month to 42 airplanes per month. Bank of America downgraded the stock to Neutral from Buy with a price target of $420 saying the Boeing problems are no longer a simple software fix. The Jefferies analyst on Friday said this proactive move will reduce revenue by $550M and free cash flow by $150M per month. That's not chump change.

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.