S&P 500 Surpassing 2014 Outlook; Global Unrest Drives Stocks Down

Weekly Wrap Up


Stocks had a rocky week partially due to the ongoing unrest in Iraq. This unrest is also pushing crude oil prices to their highest level this year and increasing the global demand for oil. The World Bank also lowered its global economic outlook due to ongoing conflicts in many parts of the globe, in addition to the harsh winter weather in the United States. The S&P 500 continues to end with record closes, but this is worrisome to many on Wall Street. The S&P 500 has already surpassed the expectations that many Wall Street strategists had for stock index the year.
These strategists are worried that the S&P 500 may have already peaked for the year and risks retreating from its recent gains.

After weeks of negotiations Tyson's (TSN) is set to purchase Hillshire Brands (HSH). Tyson's bested Pilgrim's Pride's (PPC) offer and is set to purchase Hillshire for $8.5 billion. Radio Shack (RSH) released its earnings report this week and it showed that the company's current situation continues to worsen. Recently, the technology retailer announced that it would be closing around 1,100 stores but unfortunately the company has not been able to close these under performing stores fast enough. Speculations have been made that Radio Shack will soon seek out bankruptcy protection.

Economic News


Wholesale Prices Show First Drop Since Feb. 
Wholesale prices fell for the first time in three months, indicating inflation remains low. (Source: USA Today) Click here to read the full article

Oil Demand to Rise as Iraq Unrest Spikes Prices
As Iraq's mounting unrest pushes crude oil prices to their highest levels this year, a report Friday predicts that global oil demand will increase and Iraq will be a key producer. (Source: USA Today) Click here to read the full article

Business News


(FDO)
Shares of Family Dollar Stores Inc. (FDO) were up +7.52 or +12.42 percent to $68.05 per share in pre-market trading this morning, after news late Friday that Carl Icahn had disclosed a stake of 9.4 percent in the company. (Source: InvestorGuide) Click here to read the full article

(RCPT)
Shares of Receptos Inc. (RCPT) surged +9.80 or +33.56 percent to $39.00 per share in pre-market trading on Tuesday, after the company announced yesterday that its RPC1063, in relapsing multiple sclerosis or RMS had met its primary endpoint in the Phase 2 part of its RADIANCE trial. (Source: InvestorGuide) Click here to read the full article

Next Generation Customers Will Test Every Business
If you think your business has weathered the storm, think again. In addition to obvious economic challenges, the emerging generation of customers is determined to radically change the rules for customer engagement. (Source: Forbes) Click here to read the full article

Technology Focus


(INTC)
Shares of the Intel Corporation (INTC) were up +1.78 or +6.37 percent to $29.74 per share in pre-market trading on Friday, after the company raised second quarter and full year revenue and gross margin expectations Thursday afternoon. (Source: InvestorGuide) Click here to read the full article

Two Senior Twitter Executives Resign as Growth Lags 
Twitter Inc on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company's efforts to revive flagging user growth. (Source: Yahoo News) Click here to read the full article

Your Money


Don't Touch These 7 Stocks When Crash Comes
If you’re worried the market is getting ahead of itself, you’re not alone. Don’t be one of those investors who didn’t prepare for the inevitable pullback. (Source: USA Today) Click here to read the full article

3 Investment Behaviors to Avoid
We often talk about the pitfalls of keeping up with the market play-by-play and the havoc daily headlines can wreak on long-term investors. (Source: The Motley Fool) Click here to read the full article

Published on Jun 13, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...