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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

2/4/20

 Tesla (TSLA) up 100% year to date. The electric vehicle pioneer is on a roll following better than expected earnings and a number of upgrades. Tesla shares are up 400% from their 52-week low of $178.  The rally has created about $130 billion in shareholder value. Tesla is now worth more than a lot of blue chips companies like GE, Nike, Honeywell, United Technology and double the value of Ford and GM combined. Good news for Elon Musk.

Profit-taking in Google/Alphabet (GOOGL). Google is down nearly 3% even though earnings blew out expectations as sales rose 17.3% to $46.08 billion. Management was pleased with their progress in Search and their two new growth areas, YouTube and their Cloud business. Many analysts thought the YouTube ad revenue of $15 billion was light of expectations. However, it's been a great investment after acquiring the website for $1.65 billion back in 2006. Not bad.

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.