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Market Commentary

Flat Week for the Markets Ends with Big Friday Losses

April 17th, 2015

Trading this week was mixed, but it ended on a big down note as markets across the world plummeted on Friday. The Dow had closed above 18k every day, with the exception of the end of the week. It opened Monday at 18,052.32 and closed on Friday at 17,826.30 for a -226.02 loss on the … READ MORE

Dow Drops 280, Markets Down Across the World

April 17th, 2015

The Dow started the trading day down 200 and could not recover from there, as stock markets across the world fell today. The story was much the same for the NASDAQ and S&P 500, which both stumbled out of the gate and never bounced back. The Dow closed down -279.47 points, ending the day at … READ MORE

Etsy (ETSY) Shares Up +88 Percent After Initial Public Offering

April 17th, 2015

Shares of Etsy Inc. (ETSY) were down -1.00 or -3.33 percent to $29.00 per share in Friday’s premarket after the stock soared +88 percent in its first day as a publicly traded company. The stock almost doubled its initial offering price of $16 per share in yesterday’s regular trading session closing at $30 per share … READ MORE

Markets End the Day Down After a Promising Afternoon

April 16th, 2015

Markets closed down today after a mid-morning rally put all three major exchanges in the black. At the very end of the trading day, the floor fell out and all of the gains turned to losses. The Dow closed down slightly at 18,105.77, losing -6.84 points on the day. The NASDAQ and S&P 500 followed … READ MORE

Netflix (NFLX) Stock Soars on Earnings, Analyst Upgrades

April 16th, 2015

Shares of Netflix Inc. (NFLX) were trading up +62.54 or +13.14 percent to $538.00 per share in Thursday’s premarket trading after the company announced better than expected earnings after the bell yesterday. In addition, the stock is reacting to FBR & Company analyst, Barton Crockett’s price target of $900 per share. Netflix stock closed at … READ MORE

Markets Up on Oil Rise to $56

April 15th, 2015

All three major markets ended the day up, with the NASDAQ leading the way in real gains at 0.68%. The Dow added 75.91 points to close at 18,112.61, peeking its head through the 18k ceiling again. The NASDAQ gained 33.73 points and closed at 5,011.02. The S&P 500 was up 10.79 points and closed at … READ MORE

Avon Products, Inc. (AVP) Up on Possible Sale of North American Operations

April 15th, 2015

Shares of New York, NY, based Avon Products, Inc. (AVP) rose on Tuesday, against the backdrop of a mixed day in stocks overall. Avon’s stock was up $1.14 per share, rising 14.23% to close at 9.15 on volume of 33,439,524 shares. It’s been reported that the company is “exploring strategic alternatives”, including the possible sale … READ MORE

Tech Keeps the NASDAQ Low, Dow and S&P Up Slightly

April 14th, 2015

Markets were mixed in lighter than usual trading today. The NASDAQ ended the day at 4,977.29 and closed down -10.96 points. The Dow was up 59.66 points as the market continued to sluggishly push against the 18k ceiling that’s been in effect this quarter. The S&P 500 was also up, adding another 3.41 points to … READ MORE

Alcatel-Lucent (ALU) and Nokia Confirm Merger Talks

April 14th, 2015

Shares of Alcatel-Lucent S.A. (ALU) were trading up +0.27 or +6.21 percent to $4.62 per share in Tuesday’s premarket after both Alcatel-Lucent and Nokia (NOK) confirmed that the companies were in advance talks for the takeover of Alcatel by Nokia. Alcatel-Lucent stock closed at $4.35, up +0.31 or +7.67 percent in Monday’s regular trading session. … READ MORE

A Good Day Turns Ugly For The Dow

April 13th, 2015

Markets were up and down all morning, but they settled down into a losing trend after lunch. The Dow lost -80.61 points and closed at 17,977.04. The NASDAQ performed the best of the major markets, but it still lost -7.73 points today to close at 4,988.25. The S&P 500 fell -9.63 points and closed the … READ MORE

C-Tracks Miller/Howard Dividend Reinvestor: New Strategies for Elevated Markets

April 13th, 2015

Stock markets in most regions of the world continue to press forward in their bullish trends, and this has left many investors wondering whether or not there are still opportunities to be found in equity markets. There are legitimate questions that should be asked here, because it was not long ago that benchmarks like the … READ MORE

Sears Holdings (SHLD) and Simon Property Form Joint Venture

April 13th, 2015

Shares of Sears Holdings Corporation (SHLD) were up +0.92 or +2.14 percent to $43.85 in Monday’s premarket trading after the company announced forming a joint venture with Simon Property Group Inc. (SPG). Sears Holding stock closed at $42.93 per share, down -0.49 or -1.13 percent in Friday’s regular trading session. Hoffman Estates, Illinois based Sears … READ MORE

This Week’s Slow Motion Market Rally

April 10th, 2015

Markets made slow but steady progress over the course of the week. Although it’s hard to call this an official market rally, the fact is that the Dow ended the week over 18,000 points and all three major markets posted gains — however small — 4 days out of 5. The Dow gained a solid … READ MORE

Markets End Slow Week on a High Note

April 10th, 2015

Markets closed a slow week on the upswing today. The Dow gained 98.82 points to close at 18,057.55. The NASDAQ was up 21.41, and the S&P 500 grew by 10.88 points. In overseas trading, only Japan’s Nikkei dipped today. The Hang Seng closed the week with another big 342 point gain, and Germany’s DAX rose … READ MORE

General Electric (GE) to Exit Lending Business and Sell $26.5B in Real Estate

April 10th, 2015

Shares of the General Electric Company (GE) were trading up +2.39 or +9.29 percent in Friday’s premarket after the company announced early this morning it would be exiting the bulk of its financing business, which would include the sale of most of the company’s real estate for $26.5 billion. General Electric stock closed at $25.73, … READ MORE

The Dow Gains 56 As Bonds Show Signs of Stabilizing

April 9th, 2015

Markets were up across the board today, as bond yields reversed course and bonds rose 0.06%. The Dow gained 56.22 points to close at 17,958.73. The S&P 500 was up 9.28 and closed at 2,091.18. The NASDAQ was up 23.75 points, and closed the day at 4,974.57. In overseas trading, every major market rose. The … READ MORE

Mylan Offers $205 per Share for Perrigo (PRGO)

April 9th, 2015

Shares of Perrigo Company Plc (PRGO) were trading up +6.99 or +3.58 percent to $201.99 per share in Thursday’s premarket after Mylan Inc. (MYL) made a bid of $205 per share in cash and stock for the company yesterday. Perrigo stock closed at $195.00 per share, up +30.29 or +18.39 percent in Wednesday’s regular trading … READ MORE

High Tech Trading, Major Merger Drive Markets Up

April 8th, 2015

Trading today was slow, but all three major exchanges ended the day up slightly. The NASDAQ, with its focus on high tech stocks, made the largest gains. It ended the day at 4,950.82, up 40.59 points. The Dow was up 27.09 points to close at 17,902.51. The S&P 500 added 5.57 points and closed at … READ MORE

Ocwen Financial Corp. (OCN) Up After Affiliate Cancels Proposed Merger

April 8th, 2015

Shares of Atlanta, Georgia, based Ocwen Financial Corp. (OCN) rose on Tuesday, against the backdrop of a largely flat day on Wall Street. Ocwen’s stock was up $0.93 per share, rising 11.16% to close at 9.26, on volume of 7,285,765 shares. The stock rose on news that Ocwen’s affiliate, Home Loan Servicing Solutions, Ltd. announced … READ MORE

Domestic Exchanges Fall Flat as Foreign Markets Rise

April 7th, 2015

American markets were flat in trading today, as all three major exchanges lost a couple of points. The Dow fell -5.43 points, the NASDAQ was down -7.09, and the S&P 500 lost -4.29. That stood in contrast to foreign markets, which were nearly all in the black. London’s FTSE gained 130.72 points, while Hong Kong’s … READ MORE