38% of Investors Feeling Bearish; Stocks End Roller Coaster Week Up

By: , dated August 8th, 2014

Weekly Wrap Up

Stocks have had a roller coaster of a week, dealing with the after effects of all of the geopolitical issues. On Thursday, the Dow even ended the day at its lowest point in nearly 3 months. Bearish sentiments continue to rise on Wall Street as 38% of investors are feeling bearish this month, up from 21% in June. These pessimistic investors believe that the geopolitical tension throughout the globe will continue to pull the stocks down.

Reports that Apple (AAPL) is expected to release it’s iPhone 6 on September 9th have been running rampant this week. Reports state that the company will be releasing two versions, one with a 4.7 inch screen and a larger phone with a 5.5 inch screen. Sprint (S) announced this week that they will no longer be pursuing the thought of acquiring T-Mobile (TMUS). The announcement came on the same day that Sprint named their new CEO, Marcelo Claure.

Economic News

Productivity Improves in 2Q after 1Q Slump
U.S. workers’ productivity rose in the second quarter, regaining momentum after a sharp plunge in the first three months of the year. (Source: USA Today) Click here to read the full article

U.S. Stocks: Futures Feel the Weight of Geopolitical Worries
Wall Street look headed for a rough start Friday, with U.S. stock futures pulled lower as geopolitical tensions prompt investors to back away from risk assets. (Source: Market Watch) Click here to read the full article

Business News

Jack in the Box (JACK) Stock Soars on 3Q Earnings
Shares of Jack in the Box Inc. (JACK) were up +6.21 or +11.20 percent to $61.66 per share in premarket trading on Thursday, after the company released better than expected third quarter earnings late yesterday. (Source: InvestorGuide) Click here to read the full article

GM (GM) Served With Subpoena by DOJ for Subprime Auto Loans
Shares of The General Motors Company (GM) closed up +0.17 or +0.51 percent to $33.61 on light volume in Monday’s regular trading session. (Source: InvestorGuide) Click here to read the full article

Pfizer (PFE) Faces Wave of Lawsuits Over Lipitor 
Shares of Pfizer Inc. (PFE) were trading down -0.15 or -0.53 percent to $27.89 per share in Friday’s premarket, after news that lawsuits against the company had surged by women in the United States getting type-2 diabetes after taking Lipitor. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Bally Technologies (BYI) to be Acquired by Scientific Games Corporation in $5.1B Deal
Shares of Bally Technologies Inc. (BYI) were up +3.30 or +4.25 percent to $81.00 per share in pre-market trading on Monday, after the company announced Friday it had agreed to be acquired by Scientific Games Corporation (SGMS) for $83.30 per share in cash.(Source: InvestorGuide) Click here to read the full article

Startups Launch New Generation of Smart Wristbands
Vying for a prime spot on your wrist, a host of new startups want you to wear their new tech inventions on your sleeve. (Source: Forbes) Click here to read the full article

Your Money

5 Big Retirement Mistakes
Dutifully socking away a chunk of your salary each month may seem like a surefire path to a comfortable retirement. But there are plenty of ways you could be sabotaging that savings. (Source: CNN Money) Click here to read the full article

5 Things You Should Never Buy at Full Price
Maybe it’s true that “you get what you pay for” with certain products and services, but for many commodities and everyday needs, it’s easy to pay way too much. (Source: Yahoo Finance) Click here to read the full article

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

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