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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

1/23/20

General Electric (GE) higher on an upgrade. GE is up 3% near recent highs as Morgan Stanley turned bullish on the stock with a new price target of $14 a share. The analyst sees nearly 30% upside citing a "budding turnaround" in fundamentals and reduced risk regarding from long-term liabilities. The analyst also believes GE's aviation unit is best-in-class and the disruption from the 737 Max as temporary. That would be good news for Boeing as well.

Cord-cutting and Cats hurt Comcast (CMCSA). The entertainment provider is down 3% following earnings. Comcast actually beat estimates as sales rose 2% to $28.4 billion, but investors hit the sell button on news the company lost 149,000 video subscribers in the quarter while the filming division saw sales fall 21% to $1.6 billion while profits dropped a brutal 49% to $91 million due in large part to the movie Cats bombing at the box office.

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.