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Market Commentary

August Named the Best Month for Stocks Since February

August 29th, 2014

Weekly Wrap Up The S&P 500 finally ended the day above 2000 for the first time in history. Throughout the week it continued to push further into record territory. August is the best months for U.S. stocks since February, partially due to the S&P 500 and the Dow Jones posting gains for 4 straight weeks.
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Will September’s Volatile Reputation Live On?

August 29th, 2014

The S&P 500 pushes further into record territory to end the month. The Dow Jones and S&P 500 have posted gains for 4 weeks in a row, but the real test will come in September. Stocks are likely to turn more volatile next month since September has typically been the worst-performing month for the Dow
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Splunk (SPLK) Shares Up on Better than Expected Earnings

August 29th, 2014

Shares of Splunk Inc. (SPLK) were trading up +3.70 or +8.19 percent to $49.00 per share in premarket trading on Friday, after the company announced better than expected earnings yesterday after the market close. Spunk stock closed at $45.29 per share, down -0.61 or -1.33 percent in Thursday’s regular trading session. San Francisco, California based
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Apple Finalizes Sept. 9th Event; JPMorgan Victim of Very Sophisticated Cyberattack

August 28th, 2014

Stocks retreated from record highs today as conflict continues to escalate in Ukraine. Apple (AAPL) confirmed that they will be holding an event and making a huge announcement on September 9th. It is anticipated that the tech giant will be unveiling its two versions of the iPhone 6, a version with a 4.7 inch screen
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Tekmira Pharmaceuticals (TKMR) Stock Up on Rumored Takeover

August 28th, 2014

Shares of Tekmira Pharmaceuticals Corp. (TKMR) were up +1.97 or +9.97 percent to $21.72 per share in Thursday’s premarket. The company was featured in an article in the UK’s Daily Mail as a potential takeover target following last week’s news of Intermune’s (ITMN) takeover by Swiss pharmaceutical giant Roche. Tekmira stock closed at $19.75 per
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LendingClub Files for IPO; SnapChat Valued at More Than $10B

August 27th, 2014

U.S. stocks end the day mixed as the S&P 500 pushes further into record territory. It seems like SnapChat CEO, Evan Spiegel, made a good decision when he turned down Facebook’s (FB) offer to purchase the company for $3 billion, as SnapChat is now valued at more than $10 billion. The company recently fetched a
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DSW (DSW) Up on Better Than Expected Revenues and Earnings

August 27th, 2014

Shares of Columbus, Ohio, based DSW Inc. (DSW) rose on Tuesday, on a slightly higher day on Wall Street. DSW stock was up $2.62 per share, rising 9.24%, to close at $30.99 on volume of 8,503,841 shares. The company reported higher than expected sales and net income for its fiscal second quarter, as well as
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S&P 500 Closes Above 2000; Mobileye is the Hottest IPO of the Summer

August 26th, 2014

The S&P 500 set history today, finishing the day above 2,000 for the first time ever. The Dow Jones and Nasdaq also finished the day in the green. Mobileye (MBLY) seems to be one of the hottest IPOs of the summer, with its shares trading nearly 60% above its IPO price. Mobileye designs technology that
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Digital Ally (DGLY) Stock Up Big on Ferguson Unrest

August 26th, 2014

Shares of Digital Ally Inc. (DGLY) were up +$1.25 or +10.0 percent to $13.75 per share in premarket trading this morning, after having traded as high as $14.50 or up +80 percent yesterday. The increase in the stock is in large part due to civil unrest in Ferguson, Missouri that boosted demand for their products.
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Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000

August 25th, 2014

The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King’s (BKW) shares were up as high as 23% during the trading today on talks of merging
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InterMune (ITMN) to be Acquired by Roche for $8.3 Billion

August 25th, 2014

Shares of InterMune Inc. (ITMN) were up +19.00 or +35.32 percent to $72.80 per share in Monday’s premarket, after news broke on Sunday that Swiss pharmaceutical giant, Roche had entered into a definitive agreement to purchase InterMune for $74.00 per share. InterMune stock closed at $53.80 per share, up +0.59 or +1.11 percent in Friday’s
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S&P 500 Closes With Its 28th Record High of the Year; Labor Market Not Fully Recovered

August 22nd, 2014

Weekly Wrap Up U.S. stocks posted slight gains this week, with the S&P 500 closing at its 28th record high of the year on Thursday. Janet Yellen spoke at the Fed’s annual symposium on Friday and said that while the labor market continues to improve, it has yet to fully recover years after the end
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McDonald’s Names New U.S. President; eBay Considering Spinning Off PayPal

August 22nd, 2014

Stocks close the day mixed with Nasdaq ending the day in the green, while the S&P 500 and Dow Jones closed the day down. In hopes of turning around business, McDonald’s (MCD) named Mike Andres as its new president for the U.S. division. Andres will become the second McDonald’s U.S. president in 2 years. eBay’s
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GameStop (GME) Stock Soars on Second Quarter Results

August 22nd, 2014

Shares of GameStop Corporation (GME) were up +2.76 or +6.82 percent to $43.25 per share in Friday’s premarket, after the company released second quarter earnings which beat analyst expectations after the close on Thursday. GameStop stock closed at $40.49, down -0.84 or -2.03 percent in Thursday’s regular trading session. Grapevine, Texas based GameStop Corporation is
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The Demise of Sears Continues; S&P 500 Closes Above 1,992

August 21st, 2014

The S&P 500 rallied today to close above 1,992 for its 28th record high of the year. The Dow Jones also finished the day above 17,000 for the first time in a month. The better-than-expected economic data drove the stocks higher as the number of Americans filing jobless claims for the first time fell by
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Dollar Tree (DLTR) Reports 2Q Earnings, Family Dollar Rejects Dollar General Bid

August 21st, 2014

Shares of Dollar Tree Inc. (DLTR) were trading down -0.90 or -1.64 percent to $54.10 per share in premarket trading this morning, after having been up as much as five percent before the company released its second quarter earnings. The company reported lower than expected earnings and revenue, but sales increased in the quarter. Dollar
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When Will the Fed Raise Short-Term Interest Rates?

August 20th, 2014

The S&P 500 closed just short of a record, despite ending the day in the green. Investors are seeking answers to when the Federal Reserve expects to raise short-term interest rates. Last month the majority of the Fed policymakers said they were not expecting to raise interest rates until early 2015, but if the economy
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Salix Pharmaceuticals (SLXP) Soars on Acquisition Offer

August 20th, 2014

Shares of Raleigh, North Carolina, based Salix Pharmaceuticals Ltd. (SLXP) rose sharply on Tuesday, after a report that Allergan Inc. (AGN) approached it as an acquisition target. Salix stock was up 15.54%, rising $21.63 per share to close at $160.80, on volume of 6,764,888 shares. The stock closed at its highest level since 2000 on
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Apple’s Stock Hits All-Time High; Aeropostale’s Shares Up 20% on CEO Announcement

August 19th, 2014

Stocks continued to rally for the second straight day as the S&P 500 nears yet another record. The demand for the iPhone 6 sent Apple’s (AAPL) stocks soaring today. Apple’s stocks closed at just over $100 a share, the highest price in the tech company’s history. Steve Ballmer, the former CEO of Microsoft (MSFT), stepped
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BHP Billiton (BBL) Shares Pressured by Demerger

August 19th, 2014

Shares of BHP Billiton Plc (BBL) were off -3.59 or -5.16 percent to $65.93 per share in premarket trading this morning, while BHP Billiton Ltd (BHP) shares were off -2.58 or -3.55 percent to $70.18 per share in the premarket. The two stocks of the metals giant sold off after news that the company would
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