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Market Commentary

Everything You Need to Know About the Heinz Kraft Merger

March 27th, 2015

Ever since news broke at 5:30AM Tuesday morning that Heinz, owned by Berkshire-Hathaway (BRK.A), is buying out Kraft Foods (KRFT), Investorguide.com has been looking through the S-4 filings and accompanying paperwork. We’ve gone through hundreds of pages of documentations and pulled out the core facts that every investor needs to know about the upcoming merger.
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Plenty of Opportunities on the Table Despite a Slow Week

March 27th, 2015

Markets moved steadily lower this week, dropping big on Tuesday and Wednesday while never fully recovering. The Dow lost 2.3% this week and closed out the day on Friday at 17,712.56 — down from highs over 18,000 on Monday. The NASDAQ had problems of its own, with big losses on Wednesday that lead the market
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No Friday Rally for the Markets as Stocks Remain Flat

March 27th, 2015

Markets were essentially flat in trading today, with no rally in sight. The NASDAQ outperformed both the Dow and S&P 500. Still, none of the markets moved very far, with all three gaining less than half of a percentage point. The Dow was up 34.43 points in trading today, and closed at 1,712.66. The NASDAQ
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BlackBerry (BBRY) Reports Surprise Profit, Misses on Revenue

March 27th, 2015

Shares of BlackBerry Ltd (BBRY) were trading up +0.50 or +5.38 percent to $9.80 in Friday’s premarket after announcing a surprise profit for its fiscal fourth quarter. Nevertheless, revenue failed to meet analyst expectations. BlackBerry Ltd stock closed at $9.30, up +0.02 or +0.22 percent in Thursday’s regular trading session. Waterloo, Ontario based BlackBerry, originally
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Markets Continue to Drop, Dow Loses Another 40 Points

March 26th, 2015

Markets fell today in slightly heavier than usual trading. The Dow dropped -40.31 points to settle in at 17,678.23 by the end of trading today. The NASDAQ was down another -13.16 points after yesterday’s punishing losses. The S&P 500 also dropped, losing just -4.90 points to close at 2,056.16. In overseas trading, markets were down
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SanDisk (SNDK) Stock Pummeled After Revenue Guidance Cut

March 26th, 2015

Shares of the SanDisk (SNDK) Corporation were off -11.69 or -14.38 percent to $69.50 in Thursday’s premarket after the company downwardly revised its revenue guidance for the company’s first fiscal quarter. SanDisk stock closed at $81.17, down -3.57 or -4.22 percent in Wednesday’s regular trading session. Milpitas, California based SanDisk Corporation is an American/Israeli company
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Stocks Slide Down 300, Tech-Heavy NASDAQ is the Big Loser

March 25th, 2015

Markets we down across the board in trading today, with NASDAQ taking the biggest beating as tech stocks fell. The Dow lost -292.60 points and fell to 17,718.54. The S&P 500 shed -30.45 points and closed at 2,061.05. The NASDAQ lost 2.4%, dropping -118.21 points to finish the day’s trading at 4,876.52. In overseas trading,
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Whiting Petroleum Corp. (WLL) Plummets on 22% Discount on Stock Offering

March 25th, 2015

Shares of Denver, Colorado, based Whiting Petroleum Corp. (WLL) fell sharply on Tuesday, on a down day on Wall Street across the board. Whiting’s stock fell $7.48 per share, down 19.48% to close at 30.91 per share, on trading volume of 58,107,805 shares. The company disclosed that it is pricing an upcoming stock offering at
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Dow Falls 100 Points, Possible Ceiling Forming at 18k

March 24th, 2015

Yet again the Dow has bumped up against the recently-set 18,000 point ceiling and dropped back. Today, the Dow lost -104.90 points and closed at 18,011.14. The NASDAQ was down as well, losing -16.24 points and closing at 4,994.73. The S&P 500 fell -12.92 points and ended the day’s trading at 2,091.50. In overseas trading,
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Digital Ally (DGLY) Stock Up 15% on 4Q Earnings

March 24th, 2015

Shares of Digital Ally Inc. (DGLY) were up +$1.88 or +14.96 percent to $14.45 per share in premarket trading this morning. The stock is up this morning after announcing it fourth quarter results yesterday after the close. Digital Ally stock closed at $12.57, up +0.78 or +6.62 percent in Monday’s regular trading session. Lenexa, Kansas
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Big Railroad Selloff Leaves Markets Flat

March 23rd, 2015

Markets were essentially flat today, with all three exchanges losing a little bit of ground. Trading held steady until late in the afternoon, when the markets lost value to end the day down. The Dow dipped -11.61 points to close at 18,116.04. The NASDAQ was down -15.45 and closed at 5,010.97. The S&P 500 lost
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American International Group Inc. (AIG) Settles Class Action Suit for Nearly $1B

March 23rd, 2015

Shares of American International Group Inc. (AIG) were trading down -0.04 or -0.07 percent to $55.90 per share in Monday’s premarket. The company announced late Friday that AIG shareholders had won approval for a $970.5 million settlement on a class action suit against the company. AIG stock closed at $55.94, up +0.29 or +0.52 percent
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Markets Up 375 As Weak Dollar Trends Dominate The Week

March 20th, 2015

Markets ended the week in the black, rising 2% to close above 18,000. The Dow was up 376.41 points this week, closing at 18,127.65 on Friday after Monday’s 17,751.24 open. The S&P 500 gained 52.75 points on the week, opening Monday at 2,055.35 and closing Friday at 2,108.10. The NASDAQ closed at 5,026.24 on Friday
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Markets Up 170 On Huge Spike In Trading Volume

March 20th, 2015

Markets rose across the board today, as traders bought and sold over three times as many shares as usual. Today’s trading volume was over 330 million total transactions, compared to an average of just over 90 million. The Dow gained 168.62 points, and ended the week above 18,000 — settling in at 18,127.68 by the
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Bank of New York Mellon (BK) Settles Currency Lawsuits for $714M

March 20th, 2015

Shares of Bank of New York Mellon Corporation (BK) were trading up +0.40 or +0.99 percent to $40.70 per share in this morning’s premarket. The company settled a number of lawsuits late yesterday and agreed to pay a total of $714 million to several parties. Bank of New York Mellon stock closed at $40.30, down
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NASDAQ Up 10 Despite Declines in the Market

March 19th, 2015

Markets were mixed in trading today, with the Dow and S&P falling while the NASDAQ rose. The Dow lost -117.16 points and closed at 17,959.03. The S&P 500 lost -10.23 points and ended the day at 2,089.27. The NASDAQ, which is heavy in tech and pharmaceuticals, rose 9.55 points to close at 4,992.38. In overseas
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Lennar Corp. (LEN) Stock up +2 Percent on Strong First Quarter Results

March 19th, 2015

Shares of Lennar Corporation (LEN) were up +0.97 or +1.95 percent to $50.69 per share in this morning’s premarket after the company reported better than expected earnings for its first fiscal quarter. Lennar Corporation stock closed at $49.72, up +0.86 or +1.76 percent in Wednesday’s regular trading session. Founded in 1954, Miami, Florida based Lennar
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Fed Meeting Tanks Bond Yields, Dow Up 230

March 18th, 2015

Markets were up today in heavier than usual trading as investors saw good opportunities in what has been a falling marketplace. The Dow gained 227.11 points to close at 18,076.19, breaking 18k again after falling below the mark early last week. The S&P 500 was up 25.22 points to 2,099.50. The NASDAQ gained 45.39 points
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MGM Resorts International (MGM) Up on Real Estate Investment Trust Proposal

March 18th, 2015

Shares of Las Vegas, Nevada, based MGM International Resorts (MGM) rose on Tuesday, against the backdrop of a mostly down day in stocks overall. MGM’s stock was up 10.58%, rising $2.08 per share, to close at $21.74, on volume of 62,518,319 shares. The company’s stock rose in response to a proposal by activist investor Land
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Dow, S&P Down in Mixed Trading, Tech-Heavy NASDAQ Rises

March 17th, 2015

Markets closed mixed today, with the Dow and S&P 500 losing ground while the tech-heavy NASDAQ rises slightly. The Down lost -128.74 points and closed at 17,849.08, and the S&P 500 was down -6.91 points to 2,074.28. The NASDAQ gained 7.93 points and rose to 4,937.44. Trading was also mixed overseas, with Japan’s Nikkei up
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