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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

1/30/20

Tesla (TSLA) trades at new highs. The electric carmaker is up 10% to new highs following strong earnings. Tesla beat estimates by 2.5 times while sales rose 2.2% to $7.38 billion. Tesla managed to generate more than a billion in free cash flow in 2019 while building a factory in Shanghai. Tesla also expects to deliver at least half a million vehicles this year and currently does not have to raise as capital. The stock is up 50% for the first four weeks of the year and up 2.5 times since October. Many analysts remain skeptical while the short interest remains high at 11% of the free float.

United Parcel Service (UPS) spending big to keep up with online demand. The stock is down 5% to a seven-month low after in-line earnings and disappointing guidance. UPS needs to accelerate spending to become more efficient with more automation while also expanding weekend services. UPS will spend $1.4 billion on a new "super hub" in Harrisburg, Pennsylvania, and other automated sorting facilities in that state.

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.