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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

1/22/20

Chip stocks keep pushing higher. New year, same old story. Intel (INTC) is 3% to new highs following an upgrade. Cascend Securities upgraded the stock due in part to stronger data center demand in the supply chain. The new price target is $75 a share.

Pullback in Netflix (NFLX). The streaming giant is down 3% to a one-month low following earnings. Netflix added 8.76 million new streaming subscribers in the fourth quarter, topping Wall Street's expectations, but saw slower growth in the U.S. Netflix admitted the low membership growth in the U.S. and Canada was probably due to our recent price changes and U.S. competitive launches.

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.