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Market Commentary

Oil Prices Hit a 27-Month Low; Apple Stock Achieves New All-Time High

October 22nd, 2014

The U.S. market’s strong advances came to an abrupt end today as the Dow is now in the red for the year and the S&P 500 ended its 4-day winning streak. Investors are partially blaming the deadly shootout that occurred in and around Canada’s parliament today for the drop. Oil prices continue to slide, falling
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Ocwen Financial (OCN) Plummets on Backdating Allegations

October 22nd, 2014

Shares of Atlanta, Georgia, based Ocwen Financial Corp. (OCN) fell sharply on Tuesday, bucking the strong rise in stocks across the board. Ocwen’s stock closed down 18.20%, falling $4.78 per share to close at $21.48 per share on volume of 23,268,561 shares. A New York state regulator is alleging that the company backdated thousands of
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Yahoo Beats Wall Street Estimates; Staples Investigating Possible Breach

October 21st, 2014

The Dow gained 215 pints today, putting itself back in the black for 2014. Nasdaq closed the day up 2.4%, helped by Apple’s (AAPL) 2.3% jump. The S&P 500 notched its fourth straight day of gains, ending the day 2% higher.  Yahoo’s (YHOO) shares rose 4% in after hour trading today after the Internet company
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Chipotle (CMG) Earnings Top Forecasts, Stock Down on Food Costs, Outlook

October 21st, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were down -33.03 or -5.06 percent to $620.00 per share in premarket trading this morning after the company announced better than expected third quarter earnings after the market close yesterday. Chipotle shares closed at $653.03, up +11.31 or +1.76 percent in Monday’s regular trading session. Denver, Colorado based
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Apple Up After Exceeding Wall Street’s Expectations; Stocks Add to Friday’s Rally

October 20th, 2014

A calm seems to have come over Wall Street today as all 3 main U.S. indexes end the day in the green. Apple (AAPL) is up in after hour trading after its sales and profits beat Wall Street’s expectations. The technology giant also launched Apple Pay today, which is available for use on all new
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IBM’s (IBM) Earnings Miss, to Pay GlobalFoundries $1.5B for Chip Division

October 20th, 2014

Shares of International Business Machines Corp. (IBM) were trading down -12.30 or -6.76 percent to $169.75 per share in pre-market trading this morning, after the company announced it would pay $1.5 billion to GlobalFoundries to get rid of the company’s losing chip division. IBM stock closed at $182.05, up +2.21 or +1.23 percent in Friday’s
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Stocks Rally on Friday, Still End the Week Down

October 17th, 2014

Weekly Wrap Up The stocks end the week rallying, but the Dow Jones still closed down 1% for the week after jumping up 263 points on Friday. Yesterday’s rally was optimistic but stocks are still down for October. Nasdaq is down over 5% this month and this is the fourth straight week that the Dow
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Dow Rises 263 Points, Posting 2nd Best Day of 2014

October 17th, 2014

Stocks end day sharply higher as strong earnings reports are being delivered. The rebound rally in Europe also aided in the rally, ending the Dow’s six session losing streak. The 5.6% drop that Wall Street experienced yesterday pales in comparison to many other drops in October, and it didn’t even make the top 10 worst
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Google (GOOG) Reports Lower than Expected Profit on Higher Sales

October 17th, 2014

Shares of Google Inc. (GOOG) were trading down -4.11 or -0.78 percent to $520.40 per share in premarket trading on Friday, after the company reported a small drop in third quarter net income with an increase in sales on Thursday after the closing bell. Google stock closed at $524.51, down -5.52 or -1.04 percent in
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Apple’s Shares Down After iPad Unveiling; Google Falls Short of Wall Street’s Expectations

October 16th, 2014

U.S. stocks end the day mixed with Nasdaq and the S&P 500 ending the day in the green, while the Dow ended the day down only 24 points. Apple (AAPL) unveiled its newest products today, but investors didn’t respond positively. Apple’s stock closed down 1.3% to $96.26. Google’s (GOOG) shares were down as much as
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Netflix (NFLX) Stock Pummeled after Lower Subscription Growth

October 16th, 2014

Shares of Netflix Inc. (NFLX) were down -115.59 or -25.77 percent to $333.00 per share in Thursday’s premarket, after the company announced earnings yesterday following the market close. While earnings were better than expected, revenue and new subscriptions failed to meet analyst forecasts. Netflix stock closed at $448.59 per share, off -0.53 or -0.12 percent
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Dow is Down for 5th Straight Day; Netflix Tumbles 24%

October 15th, 2014

U.S. stocks end the day in the red. Investors were worried late in the day as the Dow was down 460 points, but ended the day down only 173 points. The stocks continued to be dragged down by a slowing global economy, mixed Q3 corporate earnings reports, and fear of the Ebola virus spreading throughout
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Domino’s Pizza (DPZ) Up on Better Than Expected Earnings

October 15th, 2014

Shares of Ann Arbor, Michigan, based Domino’s Pizza, Inc. (DPZ) closed higher on Tuesday, in a market that was flat overall. The stock rose 11.33%, or $8.58 per share, to close at $84.30, on volume of 2,277,245 shares. The company reported third quarter earnings that exceeded analysts expectations, causing the stock price to surge. Founded
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Lakeland Industries Up 274% in 2014; Darden Names Interim CEO

October 14th, 2014

Stocks closed the day mixed after coming under pressure late in the trading day. Lakeland Industries (LAKE) shares are up over 274% this year due to fears of Ebola spreading across the globe. Lakeland Industries makes hazmat suits that many healthcare workers are using to prevent the spread of Ebola. Alpha Pro Tech (APT), the
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JP Morgan Chase (JPM) Swings to Third Quarter Profit

October 14th, 2014

Shares of JP Morgan Chase & Co. (JPM) were down -0.26 or -0.45 percent to $57.90 per share in premarket trading on Tuesday, after the company announced early this morning its third quarter earnings had swung back to a profit. JP Morgan Chase stock closed at $58.16 per share, down -0.36 or -0.62 percent in
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Fiat Chrysler Makes NYSE Debut; GoPro Shares Fall 8%

October 13th, 2014

Stocks fell sharply in late afternoon trading today, adding to the massive losses from last week. Fiat Chrysler (FCAU) made its debut on the NYSE today, opening at $9. Chrysler has not been publicly traded in the United States in over 7 years; when it was last traded it the U.S. the company was known
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iBio (IBIO) Stock Surges in Premarket after Gaining 83% Friday

October 13th, 2014

Shares of iBio Inc. (IBIO) were up +1.13 or +76.87 percent to $2.60 per share in Monday’s premarket after news that the company might have a significant role in increasing the production of the experimental drug against the Ebola virus, ZMapp. Ibio Inc. stock closed at $1.47 per share, up +0.6698 or +83.7 percent in
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Tesla’s Debut Disappoints, Shares Down Nearly 8%

October 10th, 2014

Stocks cap off a roller coaster week down. The Dow couldn’t recover from its whopping loss yesterday and fell an additional 115 points today, losing all of the gains made in 2014. Despite Tesla’s (TSLA) big debut yesterday, showing off a new vehicle, its shares were down as much as 8% during trading today. This drop
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Dow Lost All 2014 Gains This Week

October 10th, 2014

Weekly Wrap Up A bad week for stocks finally ends with the Dow reporting its biggest drop of 2014 on Thursday. The Dow ended the week down 2.7%, while Nasdaq fell a whopping 4.5%. This week also wiped all of the gains made by the Dow Jones Industrial Average in 2014. The Dow ended the
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Tesla Motors (TSLA) Introduces New High Performance Car, Added Safety Features

October 10th, 2014

Shares of Tesla Motors Inc. (TSLA) were off -8.01 or -3.12 percent to $249.00 per share in Friday’s premarket. The company unveiled its new vehicle along with added safety features to its Model S during an open to the public event last night in California. Tesla stock closed at $257.01, down -2.27 or -0.88% in
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