Stocks in the Red for 2015

Weekly Wrap Up

U.S. stocks made great strides this week to recoup its recent losses on Thursday, but fell further on Friday. U.S. stock indexes are now in the red in 2015 despite a better-than-expected jobs report being released on Friday. 252,000 jobs were added in December and the unemployment rate fell to 5.6%, a six-year low.

A couple companies announced major layoffs this week. J.C. Penney (JCP) will close upwards of 40 stores and layoff approximately 2,250 workers in the process.
Coca-Cola (KO) also announced they would be laying off anywhere from 1,600 to 1,800 U.S. and international corporate employees. McDonald's (MCD) also announced a smaller wave of layoffs - the fast food giant is eliminating multiple open corporate positions and laying off 63 employees at its corporate headquarters.

Economic News

U.S. Unemployment Rate Falls to 5.6%
The US unemployment rate fell to 5.6 percent in December, the lowest level in six and a half years, the Commerce Department said Friday. (Source: Business Insider) Click here to read the full article

So Much for Midyear: Bond Market Now Expects 2016 Fed Rate Hike 
The spread between short-term and long-term U.S. Treasury yields, known to bond investors as the yield curve, has widened during the past two sessions—a sign that bond investors now expect the Fed to begin raising interest rates in 2016. (Source: MarketWatch) Click here to read the full article

Business News

Shares of Indianapolis, Indiana, based hhgregg (HGG) fell sharply on Tuesday, against the backdrop of a down day in stocks overall. (Source: InvestorGuide) Click here to read the full article

Shares of Bed Bath and Beyond Inc. (BBBY) were trading down -3.45 or -4.34 percent to $76.00 per share in Friday’s premarket, after the company released its third quarter earnings late yesterday. (Source: InvestorGuide) Click here to read the full article

Uber Slashes Prices in 48 Cities 
Uber said the seasonal price cuts are happening in Miami, Orlando, San Diego, Denver, Atlanta, Salt Lake City, Dallas, Detroit, Baltimore, Milwaukee, Minneapolis, Albuquerque and Oklahoma City, among others. (Source: CNN Money) Click here to read the full article

Technology Focus

Shares of AOL Inc. (AOL) were trading up +3.51 or +7.85 percent to $48.25 in Tuesday’s premarket, after news broke yesterday after the close of business that the company was in talks with Verizon Communications Inc. (VZN) on a potential takeover or joint venture according to sources knowledgeable on the matter. (Source: InvestorGuide) Click here to read the full article

5 Things We won't Forget About CES 2015
Each year at the Consumer Electronics Show, folks ask us the same question: "What's the coolest thing you've seen?" (Source: USA Today) Click here to read the full article

Your Money

Where to Invest in 2015
Forbes teamed up with Local Market Monitor to find 20 cities where investors might look to purchase rental properties in 2015. (Source: Forbes) Click here to read the full article

Obama Wants Community College to be Free
Free education "for those willing to work for it." (Source: Yahoo Finance) Click here to read the full article

Published on Jan 9, 2015
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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