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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

6/11/19

Facebook (FB) up 2% on an upgrade. The FAANG stocks have taken on the chin recently due to regulatory scrutiny and suggestions of breaking up the tech titans. An anayst upgraded Facebook this morning with a $210 price target saying the improving underlying fundamentals more than offset the regulatory risks.

Beyond Meat (BYND) beyond analyst price targets. The plant-based meat company is down 20% on a downgrade from JP Morgan. The analyst said the extraordinary revenue and profit potential is already embedded in the stock price. A blogger put it more bluntly saying the $11-billion valuation provided a candidate for the "pinpoint minute of peak insanity" in this bubbly market.  Beyond Meat came public a little more than a month ago and has exploded for a 572% gain. The $11 billion market cap is more than Shake Shack, Wendy's, Jack in the Box, Red Robin, Habit Restaurants and Good Times, combined!

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.