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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

4/18/19

Union Pacific (UNP) says the US economy looks good. The US rail operator rose 4% to new highs overcoming severe cold weather and flooding along the Missouri River and its tributaries to report better than expected first quarter earnings. Management said the ongoing U.S. trade disputes have had a clear impact on grain shipments, which dropped 7% in the quarter, but overall, the US economy looks good.

StoneCo (STNE) has a crack in it. The Brazilian fintech company is down 27% after tripling from the December lows when it was disclosed Berkshire Hathaway had added it its portfolio. However, today the stock is lower as rival Brazilian card-processing unit, Rede, will pay merchants much quicker than StoneCo. Easy come, easy go.

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.