Search

Market Commentary

“Beige Book” Forecasts a Growing Economy; Low Risk of Inflation Over 2%

April 16th, 2014

Stocks end the day up after the release of the Fed’s “beige book” which suggests that the economy is gaining after a rough winter. The growing economy is expanding due to increased consumer spending and an improving labor market. Yahoo’s (YHOO) shares jumped up 11% yesterday mainly due to large revenue gains made by Alibaba,
Read the full article…

Twitter (TWTR) Up on Acquisition of Longtime Partner

April 16th, 2014

Shares of San Francisco based Twitter, Inc. (TWTR) rose on Tuesday on a strong day on the stock exchanges overall. Twitter stock closed at $45.52, up $4.65 per share, or 11.38%, on volume of 24,285,070 shares. The company announced the acquisition of Gnip in a move that not only is expected to provide revenue growth
Read the full article…

Should Big Banks Hold on to More Money?; CPI Rose 0.2% in March

April 15th, 2014

Stocks end the trading day barely up as they continue to recover from last week. The rising tension in Ukraine continues to be on investors minds which drew the stocks down but thankfully the better-than-expected corporate earnings reports drove the stocks back up. The chair of the Federal Reserve, Janet Yellen, spoke at a banking
Read the full article…

Google (GOOG) Acquires Drone Maker Titan Aerospace

April 15th, 2014

Shares of Google Inc. (GOOG) were up +2.48 or +0.47 percent to $535.00 per share in pre-market trading on Tuesday, after the company announced yesterday the acquisition of drone and satellite maker Titan Aerospace. The terms of the deal were not disclosed. Google stock closed at $532.52 per share, up +1.92 or +0.36 percent in
Read the full article…

Citigroup Beats Earnings Estimates; Google Purchases Drone Company

April 14th, 2014

Stocks rallied to end the day slightly up after Citigroup (C) announced that they beat Q1 earnings expectations. Retail sales also were up 1.1% in March which is the biggest monthly gain since September 2012. This signals that consumers are ready to spend now that the harsh winter is now over. Google (GOOG) announced today
Read the full article…

Facebook (FB) to Launch Financial Services

April 14th, 2014

Shares of Facebook Inc. (FB) were up +0.73 or +1.25 percent in pre-market trading on Monday, after the company announced over the weekend that it would seek approval from Irish regulatory authorities to provide financial services to its customers. The social network is looking to offer remittances and electronic money initially. Facebook stock closed at
Read the full article…

Nasdaq Closes Below 4000 On Friday; Only 3 Companies Now Hold AAA Rating

April 12th, 2014

Weekly Wrap Up Overall the U.S. stocks struggled this past week. On Thursday the Dow Jones fell 267 points and Nasdaq dropped 3.1%. Then on Friday Nasdaq fell an additional 1.3% and ended the day below 4000. The Federal Reserve released the minutes from their mid-March meeting on Wednesday and revealed that the overwhelming majority
Read the full article…

ADP Downgraded to AA; Nasdaq Falls 1.3%

April 11th, 2014

Stocks fall once again today, with Nasdaq falling 1.2%. Only 3 companies still have the coveted AAA rating from the S&P 500 after Automatic Data Processing (ADP) was stripped of its credit rating and downgraded to AA. The 3 companies that remain are Johnson & Johnson (JNJ), Exxon-Mobil (XOM) and Microsoft (MSFT). Zoe’s Kitchen (ZOES)
Read the full article…

H&R Block (HRB) to Sell Banking Division

April 11th, 2014

Shares of H&R Block Inc. (HRB), were trading up +1.89 or +6.65 percent to $30.31 per share in pre-market trading early Friday, after the company announced late yesterday that it would be selling its banking unit to BofI Federal Bank. The sale of the unit will take H&R Block off the Federal Reserve radar as
Read the full article…

Dow Jones Drops 267 Points; Family Dollar Closing 370 Stores

April 10th, 2014

After a solid recovery yesterday, the stocks plummeted today. The Dow Jones dropped more than 250 points and Nasdaq closed down 3.1%. Investors believe that the Nasdaq selloff should be a cause for concern in the near future. Citing falling sales and poor winter weather, Family Dollar (FDO) announced plans to cut jobs, close approximately
Read the full article…

Tesla (TSLA) to Begin Sales in China

April 10th, 2014

Shares of Tesla Motors Inc. (TSLA) closed up +1.47 or +0.68 percent to $216.93 per share on Wednesday in active trading. The company announced late yesterday that it would begin selling its luxury sedans in China. Tesla co-founder, Elon Musk will travel to China to personally initiate the program. Tesla’s entry into the Chinese market
Read the full article…

The Fed Releases March Minutes; Toyota Recalls 6.4 Million Vehicles Worldwide

April 9th, 2014

The Federal Reserve released the minutes from their mid-March meeting which showed that the overwhelming majority of its members believed that they should wait until 2015 or later to increase short-term interest rates. This news sent stocks soaring, especially the Dow Jones which rose 181 points on the day. Toyota (TM) is trying to avoid
Read the full article…

Ctrip.com International (CTRP) Up on Acquisition Rumors

April 9th, 2014

Shares of Shanghai, China, based Ctrip.com International LTD (CTRP) were up on Tuesday, rising $5.23 per share, or 10.41%, to close at $55.48 on volume of 6,590,410 shares. The company has been the subject of takeover rumors, by Qunar Cayman Islands (QUNR), which is a division of Baidu (BIDU), China’s largest internet search firm. Ctrip.com
Read the full article…

Tech Stocks Bounce Back; Stocks End Up After 3 Day Slump

April 8th, 2014

After ending down for three straight days, the U.S. stocks end the trading day in the green. The turnaround is due to tech stocks bouncing back with a vengeance. In response to the continual decline in soda sales, Pepsi (PEP) has announced plans to release three new products this summer. Pepsi unveiled their plans to
Read the full article…

Gigamon (GIMO) Shares Sink After Outlook Cut

April 8th, 2014

Shares of Gigamon Inc. (GIMO) were off -6.44 or -24.58 percent to $19.76 per share in pre-market trading on Tuesday, after the company announced late yesterday a reduction in its outlook on revenue for the quarter ended March 29th. Gigamon stock closed at $26.20 per share, down -0.22 or -0.83 percent in Monday’s regular trading
Read the full article…

Ford Recalls 435,000 Vehicles; Stocks End Down for Third Straight Day

April 7th, 2014

The stock slump continues as U.S. stocks fall for the third straight day, with Nasdaq falling 1.2%. Ford (F) now joins the automobile recall wave as it announced that it is recalling 435,00 vehicles. Ford has two separate recalls, one to fix rusty frame parts and the other to replace seat back frames that weren’t
Read the full article…

GrubHub (GRUB) Up Over 30 Percent in Initial Public Offering

April 7th, 2014

Shares GrubHub Inc. (GRUB) closed up +8.00 or +30.77 percent to $34.00 per share on Friday, after the company had their initial public offering. The company had priced the offering at $26 per share on Thursday night after an initial range of $23-$26 per share. The stock originally opened up +56 percent at $40.00 per
Read the full article…

March Jobs Report Released; Stocks End the Week Way Down

April 4th, 2014

Weekly Wrap Up Stocks started the week off strong, with the S&P 500 hitting a record high to start off the second quarter on Tuesday. But the U.S. stock indices ended the week significantly down, with Nasdaq falling over 100 points. The March jobs report was released this week showing that the job market continues
Read the full article…

GrubHub Up 42% During IPO Debut; Unemployment Rate Remains Constant

April 4th, 2014

Stocks stumbled today, especially Nasdaq which fell over 100 points on the day. Investors are blaming the fact that the unemployment rate remained constant despite the job market growing by 192,000. Another factor is that a few “momentum” stocks, which include Facebook (FB), Tesla (TSLA), and Amazon (AMZN) shares fell today, possibly signaling that they
Read the full article…

Anadarko (APC) Stock Soars on Toxins Case Settlement

April 4th, 2014

Shares of the Anadarko Petroleum Corporation (APC) closed up +12.55 or +14.51 percent on Thursday, after the company announced a $5.1 billion settlement of a long standing litigation over Tronox Limited (TROX). The settlement of the lawsuit will restore thousands of toxin polluted sites and compensate thousands of people with personal injury claims who were
Read the full article…