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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

7/30/19

P&G (PG) shining brightly. The consumer products company is up 4% to new all-time highs following better than expected earnings. Earnings were driven by 7% growth in organic sales and strong e-commerce growth with online sales up 25% to more than $5 billion, or about 8 percent of total sales. With a market cap of $300 billion, P&G is now the 11th largest US market cap company.

Capital One (COF) has seen better days. The credit card company is down 7%, biggest one-day drop in four years after a major data breach affecting 100 million people in the U.S. Capital One said late Monday that it expects the breach to increase costs by $100 million to $150 million, but at least two analysts remain bullish on the stock with long term buy ratings.

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.