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Market Commentary

Stocks End a Rocky Week Flat

July 2nd, 2015

After an up and down week that saw the worst losses of the summer, stocks ended Thursday — the last day of trading this week due to the July 4th holiday — on a weak note. The Dow dipped 27.80 points to close the week at 17,730.11, well under the floor where most analysts expected … READ MORE

Xoom Corporation (XOOM) to be Acquired by PayPal

July 2nd, 2015

Shares of Xoom Corporation (XOOM) were trading up +4.38 or +21.16 percent to $25.08 per share in Thursday’s premarket, after PayPal (PYPL) announced late yesterday they would be buying the company. Xoom Corp. stock closed at $20.70, down -0.35 or -1.69 percent in Wednesday’s regular trading session. San Francisco, California based Xoom Corporation is an … READ MORE

Markets Snap Back After Greek Default

July 1st, 2015

In the second-to-last day of this short trading week, domestic markets bounced back up after a disastrous Tuesday. The Dow gained 138.40 points in trading, and closed the day at 17,757.91 — still well below the 18k floor that had been in place earlier this summer. The NASDAQ was up 26.25 in trading today, and … READ MORE

Juno Therapeutics, Inc. (JUNO) Up Sharply on Deal With Celgene (CELG)

July 1st, 2015

Shares of Seattle, Washington, based Juno Therapeutics, Inc. (JUNO) rose sharply on Tuesday, against the backdrop of a generally higher day in stocks overall. Juno’s stock was up 15.18%, rising $7.03 per share, to close at $53.33, on volume of 15,700,903 shares. The company has received an offer from Celgene (CELG) to purchase 9.1 million … READ MORE

Greek Crisis Rattles World Markets

June 30th, 2015

In contrast to yesterday, where fears over the solvency of the EU drove stocks down both at home and abroad, US markets were much more solid today. The Dow stayed relatively flat but eked out the day in the black, gaining just 23.16 points to close at 17,619.51. The NASDAQ lead the day in real … READ MORE

Juno Therapeutics (JUNO) to be Paid $1B for Collaboration with Celgene

June 30th, 2015

Shares of Juno Therapeutics Inc. (JUNO) were trading up +18.70 or +40.39 percent to $65.00 per share in Tuesday’s premarket. Late yesterday, the company announced along with Celgene Corporation (CELG) that the two companies had agreed on a global collaboration for the development of treatments for cancer and autoimmune diseases. Juno stock closed at $46.30 … READ MORE

Huge Selloff Shakes Market

June 29th, 2015

On the eve of an expected Greek default, the markets were way down today. Investors were looking to unload their shares ahead of any market instability, and in turn the Dow tanked. It was down 350.33 points today, closing at a month-long low of 17,596.35. The NASDAQ was way down, shedding 122.04 points to close … READ MORE

Gannett Company (GCI) Completes Split Into Two Companies

June 29th, 2015

Shares of Gannett Co. Inc. (GCI) were trading off -2.06 or -5.54 percent to $35.10 per share in Monday’s premarket after the company announced they had completed their split into two companies. Gannett Co. shares closed at $37.16 per share, up +0.26 or +0.70 percent in Friday’s regular trading session. Tyson’s Corner, Virginia based Gannett … READ MORE

Health Services Sector Buoys Market All Week Long

June 27th, 2015

The market came back to Earth after last week’s bullish rally, and all three major indexes are down. The Dow opened on Monday at 18,027.63 and closed on Friday at 17,946.68 for a loss of 80.95 points. The NASDAQ and S&P 500 were also down on the week, with the NASDAQ dropping 67.36 points and … READ MORE

Bottom Falls Out Of Tech Sector

June 26th, 2015

The three major indexes were split today, as the Dow posted gains while the NASDAQ and S&P 500 ended trading in the red. The Dow posted gains of 56.32 points today, and closed at 17,946.68. The NASDAQ dropped on a weak tech sector, falling 31.68 points to close at 5,080.51. The S&P 500 was essentially … READ MORE

Micron Technology (MU) Shares Tanks as Company Misses on Earnings, Revenue

June 26th, 2015

Shares of Micron Technology Inc. (MU) were trading off -3.52 or -14.65 percent to $20.50 per share in Friday’s premarket after the company announced lower than expected earnings for the company’s 2015third quarter yesterday after the bell. Micron Technology stock closed at $24.02 per share, down -0.04 or -0.17 percent in Thursday’s regular trading session. … READ MORE

Healthcare Stocks Up Big on Supreme Court Ruling

June 25th, 2015

Markets fell across the board in trading today. The Dow dipped 75.71 points to close the day at 17,890.36. The NASDAQ fell 10.22 points to 5,112.19. The S&P 500 was down as well, dropping 6.27 points to close out the day at 2,102.31. Supreme Court Upholds Obamacare, Healthcare Stocks Boom The Supreme Court ruled 6 … READ MORE

Barnes & Noble (BKS) Stock Recovers Premarket Losses after Earnings Release

June 25th, 2015

Shares of Barnes & Noble Inc. were trading down -7.33 or -27.84 percent to $19.00 per share in Thursday’s premarket ahead of announcing its fiscal year 2015 fourth quarter earnings. After announcing earnings, the stock recovered to $27.00 per share, up +0.67 or +2.54 percent, Barnes & Noble stock closed at $26.33 per share, down … READ MORE

Apple was the Lone Holdout in the Dropping Dow

June 24th, 2015

Stocks were way down in trading today, with all three major indexes posting big losses. The Dow lost 178 points over the course of the day, dropping to 17,966.07. The NASDAQ was down 37.69 to close the day at 5,122.41. The S&P 500 fell 15.62 points to close at 2,108.58. Everything But Apple (AAPL) Down … READ MORE

Sonic Corp. (SONC) Down on Lower Full Year Guidance

June 24th, 2015

Shares of Oklahoma City, Oklahoma, based Sonic Corp. (SONC) fell on Tuesday, against the backdrop of a generally higher day for stocks overall. Sonic’s stock closed down 10.26%, falling $3.51 per share, to close at $30.71, on volume of 9,311,632 shares. Though the company reported improved results for the fiscal 2015 third quarter, the company’s … READ MORE

Euro Drops Against the Dollar on a Flat Day for the Markets

June 23rd, 2015

Markets were flat across the board in trading today, partially due to lower-than-average volume and a booming week that has left investors wary of high prices. The Dow posted a gain of 24.29 points to close out the day at 18,144.07. The S&P 500 was up 1.35 points to 2,124.20, and the NASDAQ added another … READ MORE

Darden Restaurants (DRI) Beats by 15 Cents, to Spin Off Real Estate Assets

June 23rd, 2015

Shares of Darden Restaurants Inc. (DRI) were trading up +4.62 or +6.66 percent to $74.00 per share in this morning’s premarket after announcing earnings that beat street expectations by $0.15 per share. In addition, Darden announced it plans to spin off some restaurants in order to separate some of its real estate assets and create … READ MORE

Dow Pops Back Up After Friday’s Fall

June 22nd, 2015

Markets boomed today, as the Dow recovered from the losses it took on Friday and came away ahead. The Dow gained 103.83 points on the day, and closed at 18,119.78. The NASDAQ posted a 0.72% gain, leading the big 3 indexes in profits today. The NASDAQ jumped 36.97 points and closed the day at 5,153.97. … READ MORE

Williams Companies (WMB) Stock Up Sharply After Rejecting Unsolicited Bid

June 22nd, 2015

Shares of the The Williams Companies Inc. (WMB) were up +13.91 or +28.78 percent to $62.25 per share in Monday’s premarket after receiving an unsolicited bid from Kelcy Warren’s Energy Transfer Equity (ETE) Limited Partnership. According to a statement, the bid was received on Sunday but Williams refused to identify the bidder at the time. … READ MORE

$6.3B Office Depot (ODP) Acquisition Approved; eBay (EBAY) Sells Back Its Stake in Craigslist

June 19th, 2015

$6.3B sale of Office Depot (ODP) to Staples (SPLS) approved Today Office Depot shareholders approve Staples, Inc.’s $6.3 billion acquisition plan. This is going to be another major industry consolidation move after Office Depot and OfficeMax merged last year. The Staples deal was first announced back in February, and now the FTC is reviewing it. … READ MORE