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Market Commentary

RadioShack Up 5%; Alibaba Down 4.3%

September 22nd, 2014

Stocks end the day much lower as Alibaba’s (BABA) shares fell 4.3% during its second day of trading. RadioShack’s (RSH) shares rose nearly 5% today after reports were released that the company’s executives are in talks with a major vendor to modify a “commercial relationship” in hopes of avoiding bankruptcy. In recent years, RadioShack has
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Sigma-Aldrich (SIAL) to be Taken over by Merck KGaA

September 22nd, 2014

Shares of the Sigma-Aldrich Corp. (SIAL) were trading up +35.98 or +35.15 percent to $138.35 per share in Monday’s premarket. The company announced early this morning that German company Merck KGaA would be acquiring the company in a deal worth approximately $17 billion. Sigma-Aldrich stock closed at $102.37 per share, St. Louis, Missouri based Sigma-Aldrich
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Apple’s iPhone 6 Release Overshadowed By Alibaba’s IPO Debut

September 19th, 2014

The streak continues as the Dow Jones closes at a record high for a third straight day. Alibaba’s (BABA) IPO was the big story of the day, overshadowing the release of Apple’s (AAPL) iPhone 6. Alibaba’s IPO was set for $68 but surged 38% throughout the trading day to end at $93.89. Alibaba also now
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Record Setting Week for Stocks; Interest Rates to Remain Low

September 19th, 2014

Weekly Wrap Up Overall, it was a really good week for U.S. stocks. The Dow Jones closed at record highs for 3 days this week, joined by the S&P 500 which closed with a record high on Thursday. The Fed held their Federal Open Market Committee this week and the big news out of that
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Alibaba Group (BABA) Prices Offering at $68 Per Share

September 19th, 2014

Shares of the Alibaba Group Holdings Ltd (BABA) were priced at $68.00 apiece, making this morning’s initial public offering of the Chinese Internet giant the largest U.S. IPO ever. The company will raise a minimum of $21.8 billion at that price. The offering was originally priced at $60 to $66, but was raised to $66
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The Dow Jones and S&P 500 End the Day With Record Highs

September 18th, 2014

The Dow Jones continued its record streak, finishing with a record close for the second day in a row. But the Dow wasn’t alone today, the S&P 500 also closed the day with a record high. Oracle’s (ORCL) co-founder, Larry Ellison, is planning on stepping down from his position as CEO. Ellison will remain the
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Rite Aid (RAD) Down on Revised Guidance

September 18th, 2014

Shares of the Rite Aid Corporation (RAD) were trading off -0.94 or -14.16 percent to $5.70 per share in premarket trading this morning, after the company report earnings that beat analyst expectations, but downwardly revised its outlook for the rest of the year. Rite Aid stock closed at $6.64 per share, up +0.23 or +3.59
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Dow Closes With a Record High; Fed Set on Keeping Interest Rates Low

September 17th, 2014

The Dow Jones finishes the day with a record close, mainly due to the Fed saying that the will keep interest rates low for the foreseeable future. Janet Yellen announced today that the Fed does not have a timeline for when they expect to raise interest rates. Food stocks suffered today, in part due to
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Sears Holdings Corporation (SHLD) Down on Loan Funding Source

September 17th, 2014

Shares of Hoffman Estates, Illinois-based Sears Holdings Corporation (SHLD) fell on Tuesday, on a strong day overall on Wall Street. Sears stock closed down 9.40%, losing $3.15 per share, to close at $30.37 on volume of 3,654,016 shares. The company disclosed that it is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, in
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Investors Fixate on Fed’s Meeting; Final Wave of Microsoft Layoffs Expected This Week

September 16th, 2014

Stocks end the day up, with the Dow Jones finishing just below a record close. Investors are keeping a close eye of the Fed’s 2-day meeting and are waiting anxiously to hear what the Fed’s policymakers have to say regarding interest rates. Many are fixating on whether there will be a change in the notion
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Allergan (AGN), Valeant and Pershing Capital Agree On Meeting

September 16th, 2014

Shares of Allergan Inc. (AGN) were up +1.44 or +0.85 percent to $170.00 per share in premarket trading this morning, after the company announced late yesterday that an agreement had been struck between Valeant Pharmaceuticals (VRX) and Bill Ackman’s Pershing Square Capital to proceed with a special shareholder’s meeting. Allergan stock closed down -0.69 or
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Tech Stocks Plunge; FOMC Meeting Begins Tomorrow

September 15th, 2014

U.S. stocks end the day mixed with the Dow Jones ending the day up, while the S&P 500 and the Dow Jones ended the day in the red. The demand for Alibaba’s IPO may be sinking tech stocks. Alibaba nearing IPO debut may be prompting sales of other tech related stocks; Facebook (FB) fell 4%,
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Netflix (NFLX) Expands to Six European Markets

September 15th, 2014

Shares of Netflix Inc. (NFLX) were trading up +1.16 or +0.24 percent to $477.71 per share in this morning’s premarket, after news that Netflix will be expanding into six new European markets beginning today. The expansion will begin in France where Netflix executives have spent months negotiating with the French government. Netflix stock closed down
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Weak Jobs Data Pulls Stocks Down; Apple Unveils New Products

September 12th, 2014

Weekly Wrap Up Stocks struggled throughout the week, posting their first weekly loss in 6 weeks. The number of Americans filing unemployment claims unexpectedly rose last week. An additional 11,000 Americans filed for unemployment benefits, rising the total to a seasonally adjusted 315,000, the highest level since the end of June. Dollar General (DG) has
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U.S. Stocks Post First Weekly Loss in 6 Weeks; Retail Sales Up 0.6%

September 12th, 2014

U.S. stocks end the day down, posting their first weekly loss in 6 weeks. Target’s (TGT) new CEO, the first to be hired from outside the company, looks to bring in change and a new perspective as the retailer is still struggling to recover from the massive security breach that occurred at the end of
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Hertz (HTZ) Agrees to Give Icahn 3 Board Seats

September 12th, 2014

Shares of Hertz Global Holdings Inc. (HTZ) were up +1.25 or +4.50 percent to $29.00 per share in premarket trading on Friday, after news that the company has agreed to give activist investor Carl Icahn three seats on its board of directors in exchange for avoiding a potential battle for control of the board. Hertz
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RadioShack Quickly Running Out of Cash; Unemployment Claims Hit Two-Month High

September 11th, 2014

Stocks end the day mixed partially due to weak jobs data. 315,000 Americans filed unemployment claims last week, hitting the highest level in 10 weeks. Economists believe that there is nothing to worry about as data can be volatile around holidays and we should be seeing a decrease in unemployment claims this week. RadioShack (RSH)
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JDS Uniphase (JDSU) to Split into Two Companies

September 11th, 2014

Shares of JDS Uniphase Corporation (JDSU) were up +1.71 or +14.17 percent to $13.82 in Thursday’s premarket, after the company announced late yesterday that they would be splitting the company into two publicly traded companies to promote growth. JDS Uniphase stock closed up +0.395 or +3.37 percent to $12.10 per share in Wednesday’s regular trading
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Dollar General to Take $9.1B Bid Directly to Family Dollar’s Shareholders

September 10th, 2014

Stocks ended the day up, snapping the chance that they would end down for three straight days. Dollar General (DG) really wants to purchase Family Dollar (FDO). Dollar General has plans to takes its $9.1 billion offer directly for Family Dollar’s shareholders in an attempt for a hostile takeover. Dollar General’s offer has been rejected
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Chimerix (CMRX) Up on New Virus Fighting Drug

September 10th, 2014

Shares of Durham, North Carolina, based Chimerix Inc. (CMRX) rose sharply against the backdrop of a strong sell-off across the broader market. Chimerix stock was up 11.79%, rising $3.01 per share, to close at $28.54. The close is very near the stock’s 52 week high of $29.97. The stock is up on the news that
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