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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

4/26/19

Ford's (F) pickup truck is kicking butt. Ford is jumping 10% to a nine month high following better than expected earnings. The popular F-Series truck was the big winner in the first quarter gaining market share. The F-Series is also the highest margin product rolling off their assembly lines, lifting profits in North America by $300 million. Ford also benefited in the quarter from the introduction of the newly redesigned mid-size Ranger pickup. Ford plans to release a new Super Duty pickup truck before year end. An all-new F-150 will debut in 2020 along with a hybrid option. Finally some good news from Ford.

Intel (INTC) lowering guidance. Intel is down 9%, on track for the biggest one-day decline in 11 years, after reporting earnings. Intel actually beat earnings and sales results, but then lowered guidance for the second quarter and full year. Last week Intel disclosed they were pulling out of their next generation modem as their largest customer, Apple, switched to Qualcomm after settling their lawsuit. Intel is expecting a better second half to the year, but for now, business will be slow.

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.