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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

7/31/19

Apple (AAPL) shining brightly. Apple is up 3% to an eight month high, flirting with the trillion dollar market cap, following strong earnings and guidance. Apple continues to diversify their business as the iPhone division fell to about 48% of total revenue. However, analysts are excited about the iPhone cycle coming in 2020 with the first 5G iPhones. At least 10 analysts raised target prices with some as high as $270 a share.

Under Armour (UAA) under pressure. The sportswear apparel maker is down 3% today after dropping over 15% yesterday following earnings. Of the top four apparel makers in the US, Under Armour was the only one to report a sales decline in North America. CEO and Chairman Kevin Plank noted that the company is rewiring and, "literally changing  thetires as they are driving."

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.