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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

7/2/10

Diamond

Verizon Wireless, VZ

With some of the news about the Apple's Iphone 4 simmering down, Verizon has emerged as a diamond stock. Verizon has been one of the few stocks showing positive results on the day with shares up $.5 or 1.9% to 26.78. The talks about the Iphone coming to Verizon have been lingering for some time now. However it was allegedly reported that we can expect the two companies to get together for a contract sometime around January. This alone makes it an interesting stock at the least for the next few months.



Dog

AT&T, T

AT&T has been in the news today for faulty billing invoices along with miscalculated signal bars on the new iphone4. The lawsuit over consumer's billings occurred from fees for a discount international dial service that customers either did not approve of or they did not understand. The settlement gives customers $8-$10 or a 250 minute phone card. The miscalculated signal bars on the new Iphone 4 is the bigger problem of the two. Although neither Apple nor AT&T has taken full ownership, the problem will be fixed within the next few weeks with a software upgrade that can be downloaded right from the phone. With that said, shares were down today .14 or .58% to $24.20.
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.