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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

1/27/20

Low rates good for homebuilders. D.R. Horton (DHI) is up 2% to new highs following better than expected earnings. D.R. Horton easily beat expectations by 25 cents per share as sales rose 14% to $4 billion, ahead of estimates. However, not everyone is bullish. Some economists believe the recent strength is more a recovery from an 18-month weak stretch then a renewed boom in housing.

Plenty of dogs with the coronavirus spreading in China with more confirmed cases elsewhere. The airliners are taking a hit with American (AAL) United (UAL) and Delta (DAL) all down 3% or more. The casino stocks with exposure to Macau, China like Wynn Resorts (WYNN) and Melco Resorts (MLCO) are down 5% or more. Cruise ship operator, Royal Caribbean (RCL) and Norwegian are down 6% and 3% respectively. Theme park operator, Disney (DIS) is down 2.6% with their park closed in China. 

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.