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Leigh Baldwin & Co.

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Diamonds and Dogs

July 16, 2010

Diamond
The Charles Schwab Corporation, SCHW
In the bearish market that sent us into the weekend it was interesting to see The Charles Schwab Corp emerge as not only a stock in positive territory but also become the largest gainer at the end of trading on Friday. Schwab reported flat second quarter net income due to wavers of clients' money market fees and low interest rates. The company is forecasting continual improvements for the second half of the year. They rose 6.3% to $14.24 per share and over 87 million shares were traded.

Dog
Bank of America, BAC
Bank of America ended the week with trades down primarily from a poor earnings report. Trading was down all day and they reported a top line that was a bit low. Disappointing results from Bank of America dragged down the Dow Jones industrial Average. This unfortunately led to Bank of America being removed from Goldman Sachs conviction buy list. They ended the day .479 pts down or -3.43% to $13.50 per share.
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.