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Market Commentary

Staples Breach Affected 1.2M Cards; Stocks Nearly Erased Recent Mini-Correction

December 19th, 2014

Stocks continued their surge today and have now nearly erased all of the damage caused by their recent mini-correction. The three session jump is mainly due to the announcement from the Fed saying that they are in no rush to raise interest rates. Staples announced today that cyber criminals may have compromised upwards of 1.2
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Red Hat (RHT) Rockets on Third Quarter Earnings

December 19th, 2014

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50
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Dow Posts Best 1-Day Point Gain Since November 2011

December 18th, 2014

The Dow continues its effort to make up for its recent shortcomings as the Dow jumped up 421 points today – its biggest 1-day point gain since November 2011. The good news from the Fed regarding no immediate plans to increase short-term interest rates carried over today. The shale industry has been a blessing to
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Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results

December 18th, 2014

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percent
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Stocks Surge to Best Day of the Year on Fed’s Announcement

December 17th, 2014

Stocks experienced a much needed surge today after the Fed signaled that they could raise interest rates in the coming months, but also said that they would remain patient in doing so. The Dow rose 288 points while the S&P 500 jumped up 2% in the best day of the year. President Obama announced plans
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Navistar International Corporation (NAV) Falls on Missed Expectations

December 17th, 2014

Shares of Lisle, Illinois, based Navistar International Corporation (NAV), fell sharply amid a down day on Wall Street. Navistar’s stock dropped 16.98%, falling $5.95 per share, to close at 29.10, on volume of 4,580,210 shares. Even though the company substantially lowered is loss for the quarter, and sales grew, the income results came in below
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Fed Expected to Signal Rate Hike This Week

December 16th, 2014

The Dow fails to rally and closes the day down 112 points. The Dow and the S&P 500 have now ended in the red for six of the past seven days. Today the Russian ruble fell 23.2% vs. the U.S. dollar, marking an all-time low for the Russian currency. Despite falling gas prices many believe
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Talisman Energy (TLM) to be Acquired by Repsol for $8.3 Billion

December 16th, 2014

Shares of Talisman Energy Inc. (TLM) were up +2.50 or +48.83 percent to $7.62 per share in this morning’s premarket trading, after news that the company had agreed to be taken over by Spanish energy company Repsol SA REP. Talisman Energy shares closed at $5.12, up +0.83 or +19.35 percent in Monday’s regular trading session.
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Investors Compare Drop in Oil Prices to the Dot-Com Bust of 2000

December 15th, 2014

As oil prices continue to drop, so does the stock market. Oil prices fell below $56 a barrel today and the Dow fell 100 points; the S&P 500 and Nasdaq also finished the day in the red. Typically this time of year brings investors great joy as the Santa Rally is in full swing, but
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PetSmart (PETM) Sells Itself for $8.7 Billion

December 15th, 2014

Shares of PetSmart Inc. (PETM) were up +3.58 or +4.61 percent to $81.25 per share in Monday’s premarket, after the company announced yesterday that it was being acquired by a foreign based private investor group for $83.00 per share. PetSmart shares closed at $77.67, down -0.77 or -0.98 percent in Friday’s regular session. Phoenix, Arizona
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Gas Prices Fall Below $58 a Barrel, Sending Stocks Lower

December 12th, 2014

Weekly Wrap Up Many investors are wondering if the end of the bull market is near as the Dow Jones fell 315 points on Friday, closing out one of its worst weeks in 3 years. The stocks continue to be dragged down by the falling gas prices, crude oil is now below $58 a barrel.
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Dow Closes Out Worst Week in 3 Years, Falls 315 Points

December 12th, 2014

The Dow continues to get hit by the falling gas prices and ends the day down 315 points. The Dow closed out the week as one of its worst weeks in 3 years. Gas prices also continue to fall, down below $58 a barrel. December historically has been a very friendly month for stocks, but
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Adobe (ADBE) Beats on Earnings, to Acquire Fotolia for $800M

December 12th, 2014

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. In addition to beating earnings estimates, the company announced it was acquiring stock-photo web company Fotolia for $800 million. Adobe stock closed at
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Crude Oil Falls Below $60 a Barrel, Lowest Price Since 2009

December 11th, 2014

The Dow Jones and S&P 500 ended a 3-day losing streak today in wake of a report showing strong retail sales in November. Crude oil prices continue to fall, plunging below $60 for the first time since July of 2009. This is seen as a ‘tax-cut’ for U.S. consumers as many people are spending what
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LendingClub (LC) Raises $865.5M in Initial Public Offering

December 11th, 2014

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. The initial expected range for pricing shares was between $12 and $14 per share, with the final price of $15 per share exceeding expectations. Lending
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One of the Worst U.S. Stock Market Days of 2014

December 10th, 2014

Today marks one of the worst days of 2014, in regards to the U.S. stock market. The continual decline of gas prices led to the Dow falling 268 points and the S&P 500 losing 1.6%. A gloomy output for oil in 2015 sent crude oil prices plunging once again. OPEC slashed oil production estimates for
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Bluebird Bio (BLUE) Takes Off on Promising Drug Results

December 10th, 2014

Shares of Cambridge, Massachusetts based Bluebird Bio, Inc. (BLUE) rocketed on Tuesday, against the backdrop of a mixed market on Wall Street. Bluebird’s stock was up 72.39%, rising by $35.29 per share, to close at $84.28 on volume of 8,209,814 shares. It was Bluebird’s highest close ever. On Monday night, the company announced that one
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The Dow Stages a Comeback But Falls Short, Ends the Day Down 51 Points

December 9th, 2014

The Dow attempted to stage a comeback today after falling 222 points, but failed to deliver as it ended the day down 51 points. Global economic concerns weighed heavy on the stock market today. Chinese and European markets plummeted today and Greece saw one of its worst trading days in a decade. After falling 5%
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Conn’s (CONN) Stock off Sharply on Third Quarter Earnings

December 9th, 2014

Shares of Conn’s Inc. (CONN) were trading down -11.21 or -31.95 percent to $23.88 in this morning’s premarket, after the company announced a loss for its fiscal third quarter, 2015 ended on October 31st 2014. Analysts were expecting the company to post a profit for the quarter. Conn’s stock closed at $35.09, down -0.15 or
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Tesla’s Stock Plunges as Oil Prices Continue to Fall

December 8th, 2014

Stocks end the day down after the energy sector sector fell 5% due to the continual drop in oil prices. The energy sector isn’t the only one that is hurting due to the falling gas prices, Tesla’s stock has fallen more than 25% since September as alternative fuel is not deemed necessary due to the
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