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Market Commentary

Q1 Earnings Reports and Falling Oil Lead to a Mixed Market

January 28th, 2015

After losses late in the day, the Dow closed down 189.67 points, finishing out at 17,197.54. NASDAQ dropped to 4,637.99, a loss of 43.51 points, while the S&P 500 lost 27.39 points to finish at 2,002.16. World markets were mixed, with gains for the UK’s FTSE of 0.21% and losses in China’s Shanghai Composite Index
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Apple (AAPL) Rises After Hours on Higher than Expected Holiday Quarter Results

January 28th, 2015

Shares of Cupertino, California, based Apple, Inc. (AAPL) rose in after-hours trading on Tuesday, though the stock closed somewhat lower against the backdrop of a sharp sell-off in stocks overall. Apple’s stock closed down $3.96, falling 3.50% to close at $109.14, on volume of 95,568,749 shares. However, just minutes after the market closed, the company
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Dow Falls 291 Points After Companies Give Bleak 2015 Outlook

January 27th, 2015

Stocks end the day down as disappointing earning reports roll in. The Dow ended the day down 291 points, Nasdaq fell 90 points and the S&P 500 was down 27 points at the end of the trading day. Proctor & Gamble (PG) and Caterpillar (CAT) cut their sales and profit forecasts for 2015, signalling a
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Microsoft (MSFT) Stock Off on Lower Quarterly Profit

January 27th, 2015

Shares of Microsoft Corporation (MSFT) were trading down -3.47 or -7.38 percent to $43.54 in Tuesday’s premarket after the company reported late yesterday a lower profit for its second quarter despite a rise in revenue. In addition to the earnings news, several analysts downgraded the company’s stock. Microsoft stock closed at $47.01, down -0.17 or
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Mattel’s CEO Resigns, Shares Fall; Stocks End Flat

January 26th, 2015

Stocks end the day barely up, basically flat, as the east coast prepares for Snowmageddon. Despite forecasts predicting upwards of three feet of snow, the New York Stock Exchange is currently planning on being open on Tuesday. A couple stocks have the potential to benefit from the impending snow storm. Generac (GNRC), a company that
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Box Inc. (BOX) Soars on First Day of Trading

January 26th, 2015

Shares of Box Inc. (BOX) were trading down -0.41 or -1.76 percent to $22.82 in Monday’s premarket before the beginning of the stock’s second day of trading as a listed stock. The company had their initial public offering on Friday gaining sharply after the stock was originally offered at $14 per share. Box Inc. stock
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Crude Oil Continues to Fall; Microsoft Unveils Windows 10

January 23rd, 2015

Weekly Wrap Up U.S. stocks had a 4-day winning streak snapped on Friday, but on the bright side they did post weekly gains. Crude oil continues to fall and fell another 5% on Tuesday to $46.13 a barrel. While falling gas prices is putting more money into consumers pockets, there are many people who are
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Box Up 66% During IPO Deubt; 4-Day Winning Streak Snapped

January 23rd, 2015

All good things must come to an end and it couldn’t have be more true today. After four straight days of gains, the U.S. stock indexes ended mostly down, but still posting weekly gains. The tech industry was one of the few bright spots on the day which is why the tech-heavy Nasdaq composite index
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DreamWorks (DWA) to Shut Down Main Studio, Cuts 500 Jobs

January 23rd, 2015

Shares of DreamWorks Animation SKG Inc. (DWA) were trading down -3.07 or -14.41 percent to $18.24 per share in Friday’s premarket, after the company announced after yesterday’s close it would be shutting down its main studio, PDI DreamWorks and lay off 500 workers. DreamWorks Animation stock closed at $21.31, up +0.63 or +3.05 percent in
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U.S. Stock Indexes Up After Announcement of European Central Bank Bond-Buying Program

January 22nd, 2015

After a series of relatively small gains, U.S. stocks shot up today with the Dow soaring 260 points. The announcement of the European Central Bank launching a bond-buying program sent U.S. stock indexes up 1.5%, to finish their fourth straight day in the green. Lower oil prices are proving to be extremely beneficial to airlines.
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City National (CYN) to be Acquired by Royal Bank of Canada in $5.4B Deal

January 22nd, 2015

Shares of City National Corporation (CYN) were trading up +15.27 or +20.48 percent to $89.84 per share in Thursday’s premarket. The company announced early this morning it had entered into a definitive agreement to be taken over by the Royal Bank of Canada in a deal valued at approximately $5.4 billion. City National Corp. shares
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Netflix Soars 17%; Third Straight Day of Gains for U.S. Stocks

January 21st, 2015

U.S. stocks end the day in the green for the third straight day as the Dow rose 41 points and the S&P 500 rose 10 points. Netflix’s (NFLX) shares soared as high as 17% today after the video-streaming company delivered fourth-quarter that met expectations. 4.3 million new subscribers were added in the fourth quarter and
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Smith & Wesson (SWHC) Rises On Improved Third Quarter Outlook

January 21st, 2015

Shares of Springfield, Massachusetts based Smith & Wesson Holding Corporation (SWHC) rose on Tuesday, against the backdrop of a mildly higher day in stocks overall. Smith & Wesson’s stock was up 16.47%, rising $1.65 per share to close at 11.67, on volume of 9,428,335 shares. The company reported increased guidance for it’s fiscal third quarter
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Stocks Eke Out Gains After MLK Day

January 20th, 2015

U.S. stocks were closed yesterday in observance of Martin Luther King Day and barely finished in the green today, with the Dow up only 4.5 points. Crude oil fell another 5% to $46.13 a barrel today, causing investors to be concerned yet again. Baker Hughes (BHI) announced today plans to lay over 7,000 employees, nearly
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Goldcorp (GG) to Buy Probe Mines

January 20th, 2015

Shares of Goldcorp Inc. (GG) were up +0.62 or +2.60 percent to $24.43 per share in premarket trading this morning, after news that the company had made a bid on Probe Mines Ltd., a smaller gold miner. Goldcorp Inc. stock closed at $23.81 per share, up +1.12 or +4.94 percent in Friday’s regular trading session.
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Dow Ends 5-Day Losing Streak; The End of Bitcoin May Be Near

January 16th, 2015

After closing down all the week the Dow snaps a 5-day losing streak and ends the day up around 200 points. Despite the rebound, both the Dow and the S&P 500 are down 1.3% for the week. While Swiss Franc has been getting all of the attention this week, the real problem is Bitcoin. In
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Oil Falls to a 6-Year Low; The Fed Rate Hike Discussion Continues

January 16th, 2015

Weekly Wrap Up Falling oil prices continued to drag stocks down, as crude oil prices fell to $45 a barrel this week – a 6 year low. Many have begun speculating that oil prices will never return to the once common $100 a barrel price that it used to fetch. While falling oil prices are
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FXCM (FXCM) Could be Insolvent After SNB Move

January 16th, 2015

Shares of FXCM Inc. (FXCM) were trading down -11.00 or -87.09 percent to $1.63 per share in this morning’s premarket. The company is trying to meet capital requirements after many of its clients lost massive amounts of money in the Swiss Franc after the Swiss National Bank removed its peg on the Euro. FXCM stock
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Target & Sony Close Canadian Stores; Dow Falls 100 Points

January 15th, 2015

The Dow falls an additional 100 points today while the Nasdaq closes down 1.5% as falling oil prices continue to rattle investors. Iconic U.S. stores and brands just don’t seem to be performing as well in Canada. Target (TGT) announced today that they will be pulling out of Canada after losing over $2 billion while
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Best Buy (BBY) Stock Drops on Same-Store Sales Expectations

January 15th, 2015

Shares of Best Buy Co. Inc. (BBY), were trading down -4.05 or -10.15 percent to $35.82 per share in Thursday’s premarket, after the company released its revenue results for the nine weeks ending on January 4th, 2015 early this morning. The company reported an increase in revenue, but expects no growth in same store sales
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