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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

12/26/19

Amazon (AMZN) taking over the retail world. Amazon is up 4% to a five-month high on a "record breaking" holiday season with billions of items shipped and "tens of millions" of Amazon devices like the Echo Dot sold. Five million new customers started Prime free trials or paid memberships globally, while the number of items that were delivered with one-day or same-day shipping quadrupled compared to last holiday season. Independent third-party sellers, meanwhile, sold more than a billion items, for Amazon. Maybe Amazon is too efficient.

Even Oprah can't save Weight Watchers (WW). Weight Watchers is down 8% due to a cautious blog suggesting that a contract extension with Oprah Winfrey will not be enough to support the stock's recovery long-term. Oprah Winfrey owns 8% of the company, the second-largest stake, and will travel to several cities to host wellness-focused meetings for Weight Watchers.

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.