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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

10/11/19

Apple (AAPL) breaking out to new all-time highs. The new iphone 11 is selling better than expected lifting optimist for the holiday season. Apple has received a number of upgrades this week with price targets as high as $260 a share. Optimism for a trade deal or partial trade deal are also lifting Apple which has high-teens revenue exposure to China along with ample supply chain exposure.

IPOs continue to struggle. Cybersecurity company CrowdStrike Holdings (CRWD) is down 3% not far from a 52-week low on a downgrade from Goldman Sachs. The analyst at Goldman downgraded the stock to a sell lowering her price target to $66 a sahre saying the good news has been priced in. The downside for shareholders is the company came public at the same price back in June. Last years' IPO darlings, the cannabis stocks continue to struggle. Canopy Growth (CGC) is down 3% to a new 52 week low on a downgrade. The stock is down 60% form the highs set in May and January.

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.