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

1/31/20

It's an Amazon world we live in. Amazon (AMZN) is up 9% bringing the value of the company to one trillion. Amazon nearly doubled earnings estimates as sales rose 20.8% to $87.44 billion. Sales for Amazon's business responsible for selling data storage and computing power in the cloud grew 34%. Subscription fees surged 32% as more than 150 million shoppers are now Prime members. Plenty of upgrades with price targets as high as $2700 a share. Amazon's market cap is up over 80 billion which is twice the market cap of FedEx and nearly equal to UPS.

Another bad year for Energy. Energy is once again the worst performing sector down 5% this week and 10% for the year. Two oil titans, Exxon Mobil (XOM) and Chevron (CVX) are both down over 3% on earnings. Chevron took a charge for $10 billion to write down assets as they struggle to make money from natural gas.  Exxon, the country's largest oil company, reported its poorest quarterly operating earnings in three years dragged down by slim oil refining margins and a rare loss in its chemicals business. The good news is the companies remain very profitable the dividend yields keep going up. Chevron yields 4.7% and Exxon yields 5.5%.

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.