Search

Market Commentary

U.S. Unemployment Claims Top 300,000; Record Closes Continue

November 26th, 2014

The Dow Jones and S&P 500 set new closing highs the day before the U.S. stock market will be closed for Thanksgiving. U.S. unemployment benefit claims jumped up above 300,00 for the first time in almost three months. The biggest shopping day of the year is quickly approaching. More stores than ever are opening on
Read the full article…

The Habit Restaurants (HABT) Slides on Post-IPO Euphoria

November 26th, 2014

Shares of Irvine, California based The Habit Restaurants, Inc. (HABT) fell on Tuesday, against the backdrop of a mixed market on Wall Street overall. The stock was down $4.54 per share, falling 13.16% to close at $29.95, on volume of 2,321,576 shares. The decline was a pullback from a strong rise in the stock since
Read the full article…

Apple Valued at $700 Billion; U.S. Economy Grew 3.9% in Q3

November 25th, 2014

Stocks end mixed today on a relatively quite day. Today, Apple (AAPL) became the first company ever to be valued at $700 billion. Apple’s shares were trading as high as $119.75, giving the tech company a value of nearly $707 billion. The company has now surpassed analyst’s 18-month price target of $118.88 a share. U.S.
Read the full article…

Tiffany (TIF) Stock Rallies on Third Quarter Earnings

November 25th, 2014

Shares of Tiffany & Co. (TIF) were trading up +2.18 or +2.08 percent to $107.19 per share in Tuesday’s premarket, after the company reported slightly lower than expected third quarter earnings and downwardly revised its outlook for sales for the company’s full fiscal year. Tiffany & Co. stock closed at $105.01, up +1.10 or +1.06
Read the full article…

Verizon Hopes to Entice Cord-Cutters; Dow and S&P 500 Close at New Record Highs

November 24th, 2014

The Dow Jones and S&P 500′s winning streak continued as both stock indexes closed the day with new record highs. Wall Street is hoping that the momentum will continue into this shortened holiday week. Verizon (VZ) is offering a new TV and internet package in hopes of enticing cord cutters. For only $59.99 a month,
Read the full article…

Platinum Underwriters (PTP) to be Acquired by RenaissanceRe Holdings in $1.9B Deal

November 24th, 2014

Shares of Platinum Underwriters Holdings Ltd. (PTP) were up +11.98 or +19.55 percent to $73.25 per share in Monday premarket trading, after news that the company had entered into a definitive agreement to be taken over by RenaissanceRe Holdings Ltd (RNR). Platinum Underwriters’ stock closed at $61.27, up +0.01 or +0.02 percent in Friday’s regular
Read the full article…

U.S. Stocks Post Fifth Straight Week of Gains

November 21st, 2014

Weekly Wrap Up The strong week for U.S. stocks wrapped up with the Dow Jones and S&P 500 ending at new record closes on Friday. Even Nasdaq is pushing closer to it’s record high, that hasn’t been achieved in over 14 years. The minutes from the Fed’s October meeting was released this week and showed
Read the full article…

Global Stimulus is Stimulating the Market; Nasdaq Continues to Edge Closer to 5000

November 21st, 2014

Stocks continue to push higher into record territory as the Dow Jones and S&P 500 finish yet again at record highs. With these new record highs, the U.S. stock market was poised to achieve a fifth straight week of stock gains. Overall, global markets all performed well today after central bankers from China and Europe
Read the full article…

GameStop (GME) Stock Pummeled after Third Quarter Results

November 21st, 2014

Shares of GameStop Corporation (GME) were down -3.99 or -9.16 percent to $39.55 in premarket trading this morning after the company reported lower than expected earnings for the third quarter after the market close on Thursday. GameStop stock closed at $43.54, up +0.26 or +0.60 percent in Thursday’s regular trading session. Grapevine, Texas based GameStop
Read the full article…

Dow Up 6.9% This Year; U.S. Jobless Claims Fall to Lowest Level Since 2000

November 20th, 2014

U.S. stocks climbed higher today with the Dow and S&P 500 hitting new closing highs. Investors were pleased with the positive economic data that was released today – stronger home sales, taming of inflation, and declining jobless claims. Apple (AAPL) stock hit yet another all time high today and is approaching an important level. Apple’s
Read the full article…

GoPro (GPRO) Announces Pricing on Secondary Public Offering

November 20th, 2014

Shares of GoPro Inc. (GPRO) were trading down -4.84 or -6.12 percent to $74.25 in this morning’s premarket after the company announced the price of a secondary offering of stock late yesterday after the market close. GoPro announced the offering through a regulatory filing late Monday. GoPro stock closed down -5.01 or -5.96 percent to
Read the full article…

October’s Minutes Show Fed’s Debate; Staples Boosts Profits By Closing 170 Stores

November 19th, 2014

U.S. markets end the day slightly down. The minutes from October’s Federal Reserve meeting were released this afternoon and showed much debate occurring over the timeline of raising interest rates. Some policy makers thought they should eliminate the pledge to keep interest rates low “for a considerable time”, while others believed an announcement and move
Read the full article…

Virgin America (VA) Up in Aftermath of IPO

November 19th, 2014

Shares of Burlingame, California based Virgin America, Inc. (VA) rose sharply on Tuesday, amid a modest up day on Wall Street overall. Virgin America’s stock was up 13.37%, rising $4.37 per share to close at 37.05, on volume of 12,834,580 shares. The gain comes following a successful IPO last Friday, when the stock opened with
Read the full article…

Southwest Soars 110% in 2014; S&P 500 Up 11% This Year

November 18th, 2014

The three main U.S. stock indices ended in the green today, with the Dow and S&P 500 closing at new record highs. With this new record close, the S&P 500 is now up 11% in 2014. The jump in the U.S. stock market today is partially due to a couple positive developments from around the world
Read the full article…

SunEdison (SUNE) to Acquire First Wind

November 18th, 2014

Shares of SunEdison Inc. (SUNE) were trading up +1.29 or +7.77 percent to $17.90 in Tuesday’s premarket, after the company announced late yesterday that it would be acquiring First Wind in a deal valued at $2.9 billion. SunEdison shares closed at $16.61, down -0.32 or -1.89 percent in Monday’s regular trading session. Maryland Heights, Missouri
Read the full article…

Japan Slips Back into a Recession as the S&P 500 Jumps to a Record High

November 17th, 2014

The Dow rose only 13% today as the stocks end mixed on a relatively quiet Monday. However, the S&P 500 was able to push even further to set yet another closing high – this is the 7th record close for the S&P 500 in the last 9 sessions. News that the world’s second largest economy,
Read the full article…

Baker Hughes (BHI) to be Acquired by Halliburton in $34.6B Deal

November 17th, 2014

Shares of Baker Hughes Inc. (BHI) were trading up +9.26 or +15.46 percent to $69.15 per share in Monday’s premarket, after news that Halliburton (HAL) would be buying the company for a combination of stock and cash in a deal worth approximately $34.6 billion. Baker Hughes stock closed at $59.89, up +1.14 or +1.94 percent
Read the full article…

Record Finishes Continued Throughout the Week

November 14th, 2014

Weekly Wrap Up The Dow Jones and the S&P 500 continued to push further into record territory; both stock indexes had multiple record closes throughout the week. Strategists are confident that the stock market will continue to move “sideways to up” for the rest of the year after narrowly missing a correction in October. Crude
Read the full article…

Virgin America Up 30% During IPO Debut; Obamacare 2.0 Enrollment Begins Tomorrow

November 14th, 2014

Stocks end the day mixed with the Dow falling slightly and the S&P 500 pushing to finish with another record close. This was the S&P 500′s 41st record close of the year. Virgin America (VA) soared during its IPO debut on Nasdaq today. The young airline company that only recently began turning profit ended the
Read the full article…

Geron (GERN) Stock Up Sharply After News of Collaboration with J&J Unit

November 14th, 2014

Shares of Geron Corporation (GERN) were up +1.09 or +47.19 percent to $3.40 per share in pre-market trading on Friday, after the company announced it would be entering into a partnership with Janssen Biotech to develop and commercialize imetelstat. Geron Corporation stock closed at $2.31, down -0.06 or -2.53 percent in Thursday’s regular trading session.
Read the full article…