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Market Commentary

The Return of the Strong Dollar Market

May 22nd, 2015

Markets fell slightly in a strong dollar day, as retail and banking lead the way to the bottom. The Dow lost -53.72 to close at 18,232.02, while the NASDAQ closed down -1.43 to 5,089.36. The S&P 500 dipped -4.76 points to end the day’s trading at 2,126.06. In overseas trading today, Germany’s DAX fell -48 … READ MORE

eLong (LONG) Majority Stake Sold by Expedia

May 22nd, 2015

Shares of eLong Inc. (LONG) were trading up +7.60 or +36.8 percent to $28.25 in Friday’s premarket after news that Expedia Inc. (EXPE) had sold its majority stake in the company to several Chinese buyers. eLong stock closed at $20.65 per share, up +1.31 or +6.8 percent in Thursday’s regular trading session. Beijing, China based … READ MORE

Is $60 Going to Be a Floor or Ceiling for Oil This Summer?

May 21st, 2015

Markets were relatively flat in general today, but there were a few big movers in the energy and tech sectors. The Dow closed up just 0.34 points, ending the day at 18,285.74 in slower than average trading. The NASDAQ moved the most, but it was a small step up. It gained 19.05 points to close … READ MORE

Banks Fined $5.7 Billion Over Fraud and Abuse

May 21st, 2015

News broke after the end of trading on Wednesday that banks from all over the world would be punished with massive fines for their part in manipulating the FOREX foreign currency exchange. In addition to FOREX, some of the banks were also guilty of LIBOR rate fraud. Multiple federal and international regulatory bodies found them … READ MORE

Fed Delays Rate Hike According to New Report

May 21st, 2015

Investors are waiting for the Fed to raise prime interest rates, and the Fed is waiting for investors — and the economy — to be ready for it. Until now, the smart money was on June for an interest rate hike. However, some minutes that were recently released from a Fed meeting held in April … READ MORE

American Apparel (APP) Sues Its Former CEO

May 21st, 2015

A one-line, Friday evening press release from American Apparel (APP) briefly mentioned a countersuit against former CEO Dov Charney. Charney, who was fired late last year for a laundry list of reasons, has filed suit in order to regain control of the company he founded. All of this drama played out quietly, since American Apparel … READ MORE

Best Buy (BBY) Stock Gains After 1Q Earnings Top Estimates

May 21st, 2015

Shares of Best Buy Co. Inc. (BBY), were trading up +3.07 or +9.09 percent to $36.85 per share in this morning’s premarket after announcing better than expected earnings for the company’s first quarter ended on May 2nd. Best Buy stock closed at $33.78, down -1.20 or -3.43 percent in Wednesday’s regular trading session. Founded in … READ MORE

Euro Dips Near Record Lows in Wednesday Trading

May 20th, 2015

Markets today were mixed, with only the NASDAQ posting a profit on the back of resurgent tech companies. The Dow lost -26.99 points in trading today, and closed at 18,285.40. The NASDAQ was up slightly, gaining 1.71 points to close the day at 5,071.74. The S&P 500 mirrored the Dow, losing -1.98 points, or just … READ MORE

Red Robin Gourmet Burgers, Inc. (RRGB) Advances on Strong First Quarter Earnings

May 20th, 2015

Shares of Greenwood, Colorado, based Red Robin Gourmet Burgers, Inc. (RRGB) rose on Tuesday, against the backdrop of strong day in stocks overall. Red Robin’s stock was up 15.34%, rising $11.19 to close at 84.14, on volume of 2,013,355 shares. Earnings for the company’s 2015 first fiscal quarter came in well above analyst’s expectations. Founded … READ MORE

Markets Mixed in Tuesday Trading

May 19th, 2015

Markets were mixed in trading today, with only slight movement occurring in moderate-volume trading. The Dow posted the only gains of the day, it put on 13.51 points to close at 18,312.39. The NASDAQ fell as tech stocks took a beating, and lost -8.41 points over the course of the day. The S&P 500 fell … READ MORE

Wal-Mart (WMT) Shares Lower on First Quarter Results

May 19th, 2015

Shares of Wal-Mart Stores Inc. (WMT) were off -1.97 or -2.46 percent to $77.95in Tuesday’s premarket after the company announced its first quarter earnings for the company’s 2016 fiscal year early this morning. The company missed analyst expectations by a penny per share. Wal-Mart stock closed at $79.92 per share, up +0.68 or +0.86 percent … READ MORE

Monday Upgrade Sends Apple and Netflix Soaring

May 18th, 2015

Markets were up in low-volume trading today. The Dow posted a 26.32 point gain on the day, rising just 0.14% to 18,298.88. Upgrades to Apple and Netflix sent the NASDAQ out ahead of the pack, posting a 0.60% gain to close the day up 30.15 points to 5,078.44. The S&P 500 made gains as well, … READ MORE

Altera (ALTR) to Resume Talks with Intel

May 18th, 2015

Shares of Altera Corporation (ALTR) were trading up +3.08 or +6.93 percent to $47.50 per share in Monday’s premarket after a report from the New York Post said that the Intel (INTC) and Altera have resumed talks on a possible deal. The two companies first entered into discussions in April but could not agree on … READ MORE

Zappos Workforce Walks Out on CEO’s Ultimatum

May 15th, 2015

A leaked report says that 14% of Zappos employees walked out after being asked to take place in a corporate experiment. The Las Vegas Sun reported that a large chunk of the Zappos workforce walked out after being given an ultimatum by their CEO, Tony Hsieh. Zappos recently confirmed that the report was true, and … READ MORE

Markets Flat in Friday Trading

May 15th, 2015

Markets ended the week with a whimper, hardly moving at all on the day. The Dow gained 20.32 points in trading, and closed at 18,272.56. The S&P 500 was up just barely, with a 1.63 point gain to end the day at 2,122.73. The NASDAQ fell -2.51 points to close at 5,048.29. In overseas trading, … READ MORE

Netflix (NFLX) in Talks to Enter Chinese Online Video Market

May 15th, 2015

Shares of Netflix Inc. (NFLX) were trading up +13.70 or +2.33 percent to $600.55 per share in Friday’s premarket trading after news broke late yesterday that the company is in talks with possible partners to enter the online video market in China. Netflix stock closed at $586.85 per share, up +6.74 or +1.16 percent in … READ MORE

Kohl’s Earnings Beat Leads to Thursday Selloff

May 14th, 2015

Markets rebounded in trading today, with the Dow leading the way in triple-digit gains. At the end of the day, the Dow closed up 191.75 points for a total of 18,252.24. The NASDAQ was the largest gainer in real terms, making 1.39% on the day. It gained 69.11 points and closed at 5,050.80. The S&P … READ MORE

Digital Ally (DGLY) Stock Down on First Quarter Results

May 14th, 2015

Shares of Digital Ally Inc. (DGLY) were trading down -3.10 or -16.94 percent to $15.20 in Thursday’s premarket after the company announced lower than expected results for its fiscal first quarter late yesterday. Digital Ally stock closed at $18.30 per share, up +0.92 or +5.29 percent in Wednesday’s regular trading session. Lenexa, Kansas based Digital … READ MORE

Tech Rally Pulls the NASDAQ Into the Black

May 13th, 2015

Markets continued to be flat today, with the Dow falling slightly and the NASDAQ rising. The S&P 500 also barely fell, losing 0.64 points to close at 2,098.48. The Dow was down -7.74 to end the day at 18,060.49. The NASDAQ gained 5.50 points to close at 4,981.69. Overseas trading was mixed, with Japan and … READ MORE

ITT Educational Service Inc. (ESI) Plummets on Enforcement Action By SEC

May 13th, 2015

Shares of Carmel, Indiana, based ITT Educational Service Inc. plummeted on Tuesday, against the backdrop of a mild decline in stocks overall. ITT’s (ESI) stock fell 43.53%, losing $1.75 per share, to close at $2.27, on volume of 8,051,635 shares. The Securities and Exchange Commission filed an enforcement action against the company, alleging that the … READ MORE