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60% of Companies Blamed Weather in Q1 Earnings Reports; Stocks End Mixed Week Down

By: , dated April 25th, 2014

Weekly Wrap Up

The U.S. stocks overall had a mixed week. The S&P 500 was on a six-day winning streak that ended on Wednesday. The three main U.S. indices ended the week down. Many companies have been releasing their first quarter earning reports this week. One overwhelming trend is that 60% of companies blamed “weather” for not meeting their expectations. Ford (F) even announced on Friday that the harsh winter weather cost them $100 million in weather-related charges.

Amazon’s (AMZN) shares fell 8% on Friday, despite matching profit forecasts and topping sales estimates in Q1. Netflix (NFLX) announced this week that they will be raising their monthly subscription fee. While they have not decided when the price increase will go into effect, the company did say that users should be expecting an increase of $1 to $2 a month depending on what country you live in.

Economic News

The Fed: How Yellen Overcame the ‘Six-Months’ Gaffe
Fed Chairwoman Janet Yellen demonstrated savvy communication skill after a mistake at her press conference created the impression of a quick trigger finger. (Source: Market Watch) Click here to read the full article

Consumer Confidence Jumps to 9-Month High
U.S. consumer confidence surged in April, approaching the highest level since the recession began in 2007 as Americans reported greater optimism about their financial situation and the economy. (Source: USA Today) Click here to read the full article

Business News

Pfizer (PFE) in Talks to Acquire AstraZeneca
Shares of Pfizer Inc. (PFE) closed up +0.16 or +0.53 percent to $30.25 per share on Friday. According to the UK Sunday Times, Pfizer had talks for a 60 billion pound offer ($100.7 billion) for its British rival AstraZeneca Plc. (AZN). (Source: InvestorGuide) Click here to read the full article

Zimmer Holdings (ZMH) Stock Up on Biomet Takeover
Shares of Zimmer Holdings Inc. (ZMH) closed up +10.52 or +11.50 percent to $101.97 per share in active trading on Thursday, after news that the company would be acquiring Biomet Inc., — a privately held company involved in the same business — in a deal worth $13.5 billion. (Source: InvestorGuide) Click here to read the full article

Allergan (AGN) Targeted by Valeant and Pershing Capital
Shares of Allergan Inc. (AGN) were up +28.33 or +19.95 percent to $170.33 per share in pre-market trading this morning, after news late yesterday of a potential takeover bid from Valeant Pharmaceuticals International Inc. (VRX) and Bill Ackman’s Pershing Square Capital Management LP. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Apple (AAPL) Reports Stellar Earnings, 7 for 1 Stock Split and Share Buyback Increase
Shares of Apple Inc. (AAPL) were trading up +39.64 or +7.55 percent to $564.39 per share in pre-market trading this morning, after the company announced better than expected earnings yesterday. (Source: InvestorGuide) Click here to read the full article

Lexmark (LXK) Falls Sharply on Lower Profits and Revenue
Shares of Lexington, Kentucky, based Lexmark International Inc. (LXK) fell sharply against the backdrop of a strong performance in computer hardware stocks, and an up day on Wall Street overall. (Source: InvestorGuide) Click here to read the full article

Your Money

5 Financial Fees You Should Never Pay
When it come to managing your money, some costs are unavoidable. However, basic maintenance and penalty fees — like the cost of operating a checking account or holding a credit card — are exactly the opposite. (Source: Business Insider) Click here to read the full article

Middle Class & Living Paycheck to Paycheck
More than 25 million middle class Americans are living paycheck to paycheck. (Source: CNN Money) Click here to read the full article

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

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