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

9/3/19

American Tower (AMT) rising tall. The cell tower company stock is up 2% to new highs after signing a new long-term agreement with AT&T to streamline wireless network deployments while enhancing AT&T's deployment of 5G and other next generation technology across the U.S., including FirstNet. Once Hurricane Dorian passes through the southeast, there may be a demand for new cell towers down there.

Apple (AAPL) not excluded from the new trade tariffs. Apple is down 2% as the new 15% tariffs on $300 billion worth of Chinese goods went into effect on Apple's consumer electronics products like the Apple Watch and its popular Air Pods. Apple smartphones won't be enacted until December. Separately, an analyst over at Wedbush expects pent-up demand for Apple's latest iPhone 11 due out later this year. Apple's supply chain is planning on 75 million units for the initial iPhone 11 launch period but could move up to 80 million units if pent-up demand materializes. That's a lot of phones.

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.