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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

8/13/19

The government likes Apple (AAPL). Apple is surging 4% after the Trump administration said they will delay 10% tariffs on certain Chinese products, including laptops and cell phones that had been scheduled to start next month. The reason for the removal of tariffs on certain products is based on health, safety, national security and other factors. I didn't know getting components for the Christmas holiday season was part of national security.

The bloom is off this energy stock. Bloom Energy (BE) is down 33% to a new 52 week low following earnings. The company, which converts natural gas into electricity actually beat expectations, but the company lowered guidance due to fewer orders causing revenue growth and margins to come under pressure in the next year. Chief Executive K.R. Sridhar said on the post-earnings conference call with analysts that the move by some states to achieve 100% renewables-only power "are well-intentioned, but ill-informed," as there is no credible way to achieve that goal without compromising safety, reliability and affordability.

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.