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Dow Has Second Best Week of 2013; Syria Tensions Ease (AAPL, VZ)

By: , dated September 13th, 2013

Weekly Wrap Up

This week it became apparent that investors and consumers have less confidence in the economy, as shown by the recent sentiment index, slowing job growth and a sales decline. The question of when the Fed will begin their taper still remains. Syria continued to be in focus but tension diminished after President Assad agreed to Russia’s proposal to hand over chemical weapons.

In corporate news, Apple (AAPL: Charts, News) slumped throughout the week despite the release of its newest iPhone 5S and iPhone 5C. The Dow made a big move this week by dropping several key stocks including Hewlett-Packard (HPQ: Charts, News), Bank of America (BAC: Charts, News) and Alcoa (AA: Charts, News). Molex Inc. (MOLX: Charts, News) announced its deal to acquire Koch Industries for $7.2 billion cash. More Market News

Economic News

Besides the Taper, 5 Things to Watch at the Fed
The market’s focus on the meeting on Tuesday and Wednesday of the Federal Reserve’s interest-rate setting committee has been on whether the central bank will reduce the pace of its monthly asset purchases, otherwise known as quantitative easing, or QE3. (Source: MarketWatch) Click here to read the full article
Consumer Sentiment Hits Five-Month Low
A gauge of consumer sentiment in September hit its lowest level in five months as barometers that measure views on current and coming economic conditions declined, according to data released Friday. (Source: MarketWatch) Click here to read the full article

Business News

Smith & Wesson Sinks on Sour Guidance
Shares of gunmaker Smith & Wesson (SWHC: Charts, News) plunged last week, although the company topped expectations on both earnings and revenue. (Source: InvestorGuide) Click here to read the full article
The Fresh Market Misses Lofty Sales Expectations
Shares of high-end specialty grocer The Fresh Market (TFM: Charts, News) plunged recently, after the company failed to meet lofty expectations for its second quarter earnings. (Souce: InvestorGuide) Click here to read the full article
Conn’s Crashes After Missing Lofty Expectations
Shares of big box retailer Conn’s (CONN: Charts, News) plunged last week, after the company reported second quarter earnings that missed Wall Street expectations. (Source: InvestorGuide) Click here to read the full article
Vivus Plunges After Another CEO Resigns
Shares of Vivus (VVUS: Charts, News) plunged last week, after the company’s new CEO, Anthony Zook, resigned only after a month on the job. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Netflix Hits New High on Virgin Deal
Shares of Netflix Inc. (NFLX: Charts, News) closed up +18.91 or +6.43 percent to $313.06 per share on Tuesday, after the company announced it had struck a deal with U.K. cable company Virgin Media to incorporate Netflix streaming service to be integrated into Virgin’s cable subscriptions. (Source: InvestorGuide) Click here to read the full article
What Twitter Learned From Facebook IPO Flop
As Twitter begins the process of going public, the company appears to have learned from the errors of Facebook’s (FB: Charts, News) own IPO. (Source MarketWatch) Click here to read the full article

Your Money

Apple: The Beginning of a Long Decline?
You can only put so many dents in the universe. This week, Apple unveiled a respectable upgrade of its iPhone line. So why do I feel so disappointed? (Source: LinkedIn) Click here to read the full article
7 Easy Ways to Outshine the Competition
Want to win more business without dropping your price? (Source: Inc.com) Click here to read the full article

 

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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