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Banks Fined $5.7 Billion Over Fraud and Abuse

May 21st, 2015

News broke after the end of trading on Wednesday that banks from all over the world would be punished with massive fines for their part in manipulating the FOREX foreign currency exchange. In addition to FOREX, some of the banks were also guilty of LIBOR rate fraud. Multiple federal and international regulatory bodies found them … READ MORE

Fed Delays Rate Hike According to New Report

May 21st, 2015

Investors are waiting for the Fed to raise prime interest rates, and the Fed is waiting for investors — and the economy — to be ready for it. Until now, the smart money was on June for an interest rate hike. However, some minutes that were recently released from a Fed meeting held in April … READ MORE

Altera (ALTR) to Resume Talks with Intel

May 18th, 2015

Shares of Altera Corporation (ALTR) were trading up +3.08 or +6.93 percent to $47.50 per share in Monday’s premarket after a report from the New York Post said that the Intel (INTC) and Altera have resumed talks on a possible deal. The two companies first entered into discussions in April but could not agree on … READ MORE

Netflix (NFLX) in Talks to Enter Chinese Online Video Market

May 15th, 2015

Shares of Netflix Inc. (NFLX) were trading up +13.70 or +2.33 percent to $600.55 per share in Friday’s premarket trading after news broke late yesterday that the company is in talks with possible partners to enter the online video market in China. Netflix stock closed at $586.85 per share, up +6.74 or +1.16 percent in … READ MORE

Digital Ally (DGLY) Stock Down on First Quarter Results

May 14th, 2015

Shares of Digital Ally Inc. (DGLY) were trading down -3.10 or -16.94 percent to $15.20 in Thursday’s premarket after the company announced lower than expected results for its fiscal first quarter late yesterday. Digital Ally stock closed at $18.30 per share, up +0.92 or +5.29 percent in Wednesday’s regular trading session. Lenexa, Kansas based Digital … READ MORE

ITT Educational Service Inc. (ESI) Plummets on Enforcement Action By SEC

May 13th, 2015

Shares of Carmel, Indiana, based ITT Educational Service Inc. plummeted on Tuesday, against the backdrop of a mild decline in stocks overall. ITT’s (ESI) stock fell 43.53%, losing $1.75 per share, to close at $2.27, on volume of 8,051,635 shares. The Securities and Exchange Commission filed an enforcement action against the company, alleging that the … READ MORE

AOL Inc. (AOL) to be Acquired by Verizon in $4.4B Deal

May 12th, 2015

Shares of AOL Inc. (AOL) were trading up +7.59 or +17.82 percent to $50.18 in Tuesday’s premarket, after news early this morning that the company had signed an agreement for its purchase by Verizon Communications Inc. (VZ) for $50 per share. AOL Inc. stock closed at $42.59, down -0.83 or -1.91 percent in Monday’s regular … READ MORE

Rosetta Resources (ROSE) to be Acquired by Noble Energy Inc. in $2.1B Deal

May 11th, 2015

Shares of Rosetta Resources Inc. (ROSE) were up +6.00 or +31.04 percent to $25.33 per share in Monday’s premarket after news that Noble Energy Inc. (NBL) would be taking the company over in a $2.1 billion deal. Rosetta Resources stock closed at $19.33 showing no change in Friday’s regular trading session. Houston, Texas based Rosetta … READ MORE

Trans-Pacific Partnership Causes Tension in Democratic Party

May 8th, 2015

The Trans-Pacific Partnership trade agreement is becoming a major partisan issue within congress, though the battle lines being drawn are slightly different than that America is accustomed to. The TPP, a partnership deal aimed at expand trade and economic integration between twelve Pacific facing countries, has been at some point of negotiation for nearly a … READ MORE

Gevo (GEVO) Stock Doubles on Partnership with Alaska Airlines for Renewable Alcohol-Based Jet Fuel

May 8th, 2015

Shares of Gevo Inc. (GEVO) were trading up +1.55 or +28.39 percent to $7.01 per share in Friday’s premarket after announcing yesterday that the company had signed an agreement with Alaska Air (ALK) for the airline to purchase Gevo’s renewable alcohol based jet fuel, and to fly the first commercial flight on the company’s new … READ MORE

Tesla Motors (TSLA) Reports Narrower than Expected First Quarter Loss

May 7th, 2015

Shares of Tesla Motors Inc. (TSLA) were trading down -7.01 or -3.22 percent to $223.00 per share in Thursday’s premarket after the company reported a lower than expected loss for the company’s first quarter yesterday after the market close. Tesla Motors stock closed at $230.43 per share, down -2.52 or -1.08 percent in Wednesday’s regular … READ MORE

Golar LNG Ltd. (GLNG) Up On Partner Appointment in Equatorial Guinea

May 6th, 2015

Shares of Hamilton, Bermuda, based Golar LNG Ltd. (GLNG) rose sharply on Tuesday, against the backdrop of a down day on Wall Street across the board. Golar’s stock was up $7.37, rising 19.58% to close at 45.01 on volume of 11,798,015. The company announced that it has been appointed as partner with Ophire Energy Plc, … READ MORE

Searching For The Next Bubble: Stocks, Currencies, Bonds & Commodities

May 6th, 2015

The funny thing about bubbles is that everyone recognizes them in hindsight but at the time, most people fail to heed the warning signs. When you think about how easy it was for people to get mortgages pre-2008, it seems ludicrous. When you think about the crazy valuations of Internet stocks during the Dot-com bubble, … READ MORE

PlasmaTech Biopharmaceuticals (PTBI) Stock Soars on Soros Stake

May 5th, 2015

Shares of PlasmaTech Biopharmaceuticals Inc. (PTBI) were trading up +1.37 or +47.9 percent to $4.20 per share in Tuesday’s premarket after news that hedge fund manager George Soros had increased his stake in the company. PlasmaTech Biopharmaceuticals stock closed at $2.86, up +0.03 or +1.06 percent in Monday’s regular trading session. Dallas, Texas based PlasmaTech … READ MORE

Five Stocks to Watch in May

May 4th, 2015

U.S. stock markets ended the month of April up slightly from March, closing out the month with the Dow Jones Industrial Average declining -74 points on April 29th, and -195 points on April 30th. The Dow was off -64.4 points or -0.4 percent for the month to close at 17,840.52, while the S&P 500 closed … READ MORE

LinkedIn (LNKD) Stock Hammered on Lower Guidance

May 1st, 2015

Shares of LinkedIn Corp. (LNKD) were trading down -52.08 or -20.66 percent to $200.05 per share in this morning’s premarket after the company reported earnings and revenue late yesterday. The company reported earnings that topped analyst estimates for the first quarter, but missed revenue forecasts for the second quarter. In addition, the company cut its … READ MORE

Nokia (NOK) Shares Sell Off on Networks Division Results

April 30th, 2015

Shares of Nokia Corp. (NOK) were trading down -0.54 or -7.21 percent to $6.95 per share in Thursday’s premarket after announcing the company had turned a profit for its first quarter. Nevertheless, a decline in the company’s network division profits disappointed investors this morning leading to the decline in the stock. Nokia stock closed at … READ MORE

The Container Store Group, Inc. (TCS) Down on 4th Quarter Earnings Miss

April 29th, 2015

Shares of Coppell, Texas, based The Container Store Group, Inc. (TCS) fell sharply against the backdrop of a generally down day for stocks overall. The Container Store’s stock was down 14.20%, falling $3.08 to close at $18.61, on volume of 3,105,602 shares. Net sales for the company’s fourth quarter came in lower than what analysts … READ MORE

Apple (AAPL) Reports Earnings Up +33 Percent on iPhone Sales, Increases Dividend

April 28th, 2015

Shares of Apple Inc. (AAPL) were trading up +3.38 or +2.55 percent to $136.03 per share in pre-market trading this morning after the company reported better than expected earnings for the company’s second quarter late yesterday. In addition, the company announced it would raise its dividend to shareholders by eleven percent. Apple Inc. stock closed … READ MORE

Celladon (CLDN) Stock Pummeled After Negative Trial Results, Downgrade

April 27th, 2015

Shares of Celladon Corp. (CLDN) were down -10.10 or -73.83 percent to $3.56 per share in Monday’s premarket, after news over the weekend that the company’s drug for advanced heart failure had failed to meet primary and secondary endpoints in trials. In addition, due to the news, the stock was downgraded significantly by an analyst. … READ MORE