Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

1/10/20

Lennar (LEN) performing well in the New Year. The homebuilder is up 2% today and up 5% to start the year following earnings, encouraging guidance and a dividend hike from 4 cents to 12.5 cents a quarter. The 2019 bond sell-off dropping fixed-rate mortgages back to levels from the middle of the past decade, could spur sales in 2020.

Aurora Cannabis (ACB) continues to sink. The cannabis maker is down 9% today on a downgrade to a sell at Piper Sandler with a one dollar price target. The analyst didn't have much positive to say with concerns of a cash crunch with negative cash flow until the third quarter 2021 with a cash deficit of over $100 million. Weak sales in Europe aren't helping either. Aurora's stock is down 80% since the March highs from last year. 

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.