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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

4/25/19

Microsoft (MSFT) tops a $1 trillion value. Microsoft is up 4% to all-time highs following better than expected earnings. Cloud business profit margins grew to 63%. Revenue rose 14% to $30.2 billion. Intelligent Cloud revenue, which includes its Azure offering, rose 22% to $9.7 billion. Plenty of upgrades with new price targets of $145, $145 and $147. Facebook (FB) is also up 5% following earnings. A good day for big cap tech.

Not a good day for sticky notes. The consumer staple conglomerate, 3M (MMM) is down 10% following disappointing earnings, missed sales, lower guidance and job cuts. The first quarter results were also hurt by two significant litigation issues impacted 3M's first-quarter results. The company established a reserve of $235 million to resolve certain environmental matters and litigation. Other than that, the company is doing great.

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.