Dow Jones Closes at Record High; Companies Continue to Release Q1 Earnings Reports
Weekly Wrap Up
Stocks continued to end mixed all week. The Dow Jones had a roller coaster of week, dropping nearly 130 points on Tuesday, then recovering the majority of that loss on Wednesday and ending the week at a new all-time high on Friday. Companies continued to release their Q1 earning reports this week and a growing trend seemed to be placing partial blame on Obamacare for companies not meeting expectations. Multiple companies are stating that increased health care prices along with new regulations are hurting their profits.
AOL (AOL) fell short of first quarter expectations as their income fell 64% from a year ago.
2 Trends Janet Yellen Calls "Disturbing"
There are two economic trends that Janet Yellen finds "very disturbing," but unfortunately the Fed has very little power to fix either of them: Income inequality and long-term unemployment. (Source: CNN) Click here to read the full article
Jobless Claims Point to a Labor Market on the Mend
Initial claims for unemployment benefits declined last week, and economists said the downward trajectory raised chances that May would be the fifth consecutive month with job gains greater than 200,000. (Source: New York Times) Click here to read the full article
Shares of Omnicom Group Inc. (OMC) were off -1.80 or -2.72 percent in afterhours trading to $64.40 per share on Thursday, after the company announced it was terminating its merger with French advertising giant, Publicis Groupe SA. (Source: InvestorGuide) Click here to read the full article
Shares of B/E Aerospace Inc. (BEAV) were trading up + 7.86 or +8.84 percent to $96.82 per share in pre-market trading on Monday, after the company announced Sunday it was considering strategic alternatives, which included a possible sale of the company, a merger or the spin off of the company, or of a selected subsidiary. (Source: InvestorGuide) Click here to read the full article
Shares of Merck & Company (MRK) were trading up +0.37 or +0.63 percent to $59.00 per share in pre-market trading, after the company announced earlier this morning that it would sell its consumer care unit to German pharmaceutical giant, Bayer AG for $14.2 billion. (Source: InvestorGuide) Click here to read the full article
Shares of Tesla Motors Inc. (TSLA) was off -16.31 or -8.10 percent to 185.04 in pre-market trading on Thursday, after the company announced first quarter earnings late yesterday. (Source: InvestorGuide) Click here to read the full article
Apple In Negotiations To Buy Audio Company Beats Electronics for $3.2 Billion
Apple is in negotiations to buy Beats Electronics in a $3.2 billion deal, according to The Financial Times. (Source: Business Insider) Click here to read the full article
Get Started: First Steps Toward Great Investing
Saving for retirement is hard, but we all know that it's those first steps that matter most. Setting aside $100 a week, then $200, aiming for a quarterly goal, then an annual number. (Source: Forbes) Click here to read the full article
How to Take the Stress Out of Saving Money
It can be very stressful when trying to save money, whether you are putting cash away for regular expenses, an emergency fund, vacation, retirement, or for any other big goal. (Source: Yahoo Finance) Click here to read the full article
Published on May 9, 2014By InvestorGuide Staff