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

7/19/19

Boeing (BA) flying higher. The aerospace giant is up 4% after taking a $4.9 billion charge against the grounding and delays of the 737 MAX plane. The delivery delays and grounding of the 737 will also cost Boeing $1.7 billion in expenses, but investors seem relieved it wasn't worse.  On the plus side, Boeing expects the 737 MAX to return to service early in the fourth quarter of 2019, with a ramping up in production taking place over the coming year or so.

Good news, bad news. Credit card Company, American Express (AXP) is down 2% to a one month low following earnings. Earnings actually beat expectations as sales rose 8.4% to $10.84 billion ahead of estimates thanks to a 7% rise in U.S. spending. Investors however were disappointed due to higher expenses, up 9% as American Express paid out higher rewards to card owners. The good news is, American spending continues undeterred, despite mounting worries about the global economy and the U.S.-China trade war.

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.