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

5/31/19

Uber (UBER) and Lyft (LYFT) getting a lift. The ride sharing companies rose 1% and 5% respectively following better than expected earnings from Uber. Uber actually reported a loss of $2.26 a share or $3.8 billion as sales rose 19.9% to $3.1 billion. Gross bookings increased 34% to $14.65 billion; monthly active platform consumers increased 33% to 93.0 million. The company didn't provide guidance, but no reason to do so right now with them losing billions of dollars every quarter.

Another day, another tariff, this time with Mexico. GM (GM) is trading down 4% while Ford (F) is down 2.5% as President Trump is ready to put a 5% tariff on every import coming in from Mexico.  Mexico is now the biggest U.S. trading partner and home to more than a fifth of the region's automobile production facilities. Everything Mexico related is getting hit.

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.