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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

8/23/19

Salesforce (CRM) cloud still rising. The cloud-computing software firm is one of the few stocks trading higher following earnings. Salesforce easily beat expectations by 19 cents as revenues rose 21% to $4 billion. The company has been on a shopping spree, buying Tableau Software for $15.7 billion along with ClickSoftware and sister company Salesforce.org. But even with the acquisitions, sales continue to chug along. At least two upgrades with price targets of $188 and $210 a share.

The rollercoaster trade dispute with China continues. President Trump wants all US companies out of China prompting the markets to take a nose dive. Apple (AAPL) is down 4%. The chip sector is down 4%. Guggenheim added Nike (NKE) to their Best Ideas List. That best idea is down 4%. A dog following earnings is Foot Locker (FL). The stock is down 10% after missing earnings estimates as sales and earnings declined year over year.

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.