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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

11/8/19

Disney + is coming. Disney is trading up 3% back toward all-time highs following better than expected numbers. Disney easily beat expectations by 10 cents as revenues rose 33.6% to $19.1 billion. All the divisions performed well including ESPN which has stemmed the flow of lost subscribers. But the future for Disney is in streaming. Disney will launch Disney+ on November 12th which includes Marvel, Pixar, Star Wars, Nat Geo, and The Simpsons. Analysts are expecting 20 million first-year subscribers. Not bad. Plenty of upgrades with price targets as high as $170 a share.

Gap (GPS) fires their CEO. Gap is down 7% not far from a 52-week low following another disappointing quarterly report. Gap lowered third quarter and full year estimates as sales continue to lag. Gap continues to struggle to find the right apparel for their finicky customer. Gap also has relied on routine 50% discounts and maintaining a major presence in declining American malls which has not worked. As one analyst reported, "It was probably the most overdue management change that we've seen in a while."

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.