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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

1/3/20

The Defense stocks are higher. Lockheed Martin (LMT) is up 3%, Northrop Grumman (NOC) rose 6% and General Dynamics (GD) is up a percent after the US air strike in Iraq that killed Qassem Soleimani, a top Iranian general and an Iraqi paramilitary commander. Increase tensions in the Middle East could make it tougher for the Democratic Party to argue against a stronger defense budget in 2020.

Another tough day for the airlines. American Airlines (AAL) is down 4% after the jump in the price of oil. The airliners were already struggling with the grounding and delay in the Boeing 737 max planes. Now with heightened tensions in the Middle East, the price of oil is up nearly 3% today and up 12.5% in the last month.

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.