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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

5/15/19

An upgrade for Google-parent Alphabet (GOOGL) has the stock up 3%. Deutsche Bank analyst increased his price target to 1,400 from 1,300 for Alphabet saying there is an accelerating pace of new ad products that could lift business for 2020. The analyst went on to say Google has among the best ad product pipelines of anyone. The future of advertising is online. Facebook is up nearly 3% on this news.

The scarlett letter. The life science company, Agilent (A) is down 12% following disappointing earnings. The company missed earnings estimates and lowered guidance as sales only rose 2.7% to $1.24 billion. The CEO explained that lower demand for lab instruments in China was the primary factor for lower revenue growth. China's drive to lower generic drug prices has pressured the industry to cut costs which could hurt equipment purchases going forward.

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.