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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

10/1/19

The chips in the lead to start the fourth quarter. After a downturn earlier in the year, the chips stocks are performing well heading into year end. The PHLX Semiconductor Index is up nearly 1% to start the day. Nvidia (NVDA) is jumping 2.5%. Cree (CREE) is up 2% after it appears the company secured a $500 million order from a customer in Europe. Analog Devices (ADI) is up 1.6%, Microchip Technologies (MCHP) is 1.5% and European based, NXP Semiconductors (NXPI) is up 2.6%.

Let's work for free. Charles Schwab (SCHW) is down 8%, two points from a 52-week low after announcing they will eliminate commissions for stocks, ETFs and options listed on U.S. or Canadian exchanges. Chuck Schwab has made investing more accessible to all Americans with the concept of low commissions to buy and sell stocks for forty-five years. Commission based trading revenue only makes up 8% of Schwab's business so their profits may not take a hit, investors don't seem to like the idea for the long term. Just ask all the recent money losing IPOs how their stocks are performing.

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.