Daily Market Commentary

Dow Ends At Lowest Level Since May; MCD’s Shares Near 52-Week Low

August 7th, 2014

Stocks fell once again today with the Dow Jones ending at its lowest level since May 20th. Stocks continue to get dragged down as investors worry about rising global tension despite reports of an improving U.S. economy. Many Americans are still feeling the aftermath of the recession that lasted from December 2007 until June 2009. Nearly
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Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.

August 6th, 2014

Stocks ended the day higher, seemingly shaking of the recent global turmoil. Sprint (S) announced today that they are withdrawing their bid to acquire T-Mobile (TMUS). This announcement comes on the same day that the wireless company named their new CEO, Marcelo Claure. Walgreens (WAG) has decided to keep its headquarters in the United States.
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Apple To Unveil New iPhones on Sept. 9; U.S. Factory Orders Up 1.1%

August 5th, 2014

U.S. stocks recovery was short-lived as the Dow Jones ended the day down nearly 150 points. Apple (AAPL) announced today that they are set to unveil their next-generation iPhones on September 9th. The tech company is expected to release two sizes of the iPhone 6, a version with a 4.7 inch screen and a larger
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U.S. Stocks Recover From Worst Week in 2 Years; MSFT

August 4th, 2014

Stocks recover, just slightly, from their losses last week. Last week was even reported as the worst week for U.S. stocks in over two years. Now, many investors are wondering if the recent sell-offs will continue thus signaling the bear market. Microsoft (MSFT) filed a lawsuit against Samsung stating that the tech company owes Microsoft
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P&G to Shed 90 Brands; 209,000 Jobs Added in July

August 1st, 2014

Stocks close the day even lower today as the aftermath of Argentina’s debt crisis continues. Procter & Gamble (PG) announced today that they plan to sell or eliminate 90 to 100 minor brands to focus on its remaining 70 to 80 best-selling brands. The labor market continues to improve as 209,000 jobs were added last
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Argentina’s Debt Default Drives Stocks Lower; Dow Falls 316 Points

July 31st, 2014

Stocks end the day much lower with the Dow falling over 300 points, in part due to the debt crisis in Argentina. This is Argentina’s second default in 13 years and many U.S. investors are wondering what this means for global markets. RadioShack’s (RSH) days are numbered as it has only $62 million in cash
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Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

July 30th, 2014

Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted
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Global Tension Weighs Heavily on Investors; UPS Misses Wall Street’s Expectations

July 29th, 2014

Stocks close the day slightly down as global tension continues to take a toll on the market. Investors fear that the European Union’s sanctions against Russia for their involvement in the downed Malaysia Airline Profit will have a large global economic impact. Profit reports continue to be announced this week. More than half of the
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S&P 500 Posted Second Smallest Closing Gain; New Home Sales Down 8.1%

July 28th, 2014

The S&P 500 and Dow Jones ended the day slightly up, while Nasdaq was down 0.11%. Investors were trying to balance a reported decline in sales of new homes in June with the news of multiple acquisitions. Dollar Tree Inc. (DLTR) is going to take over Family Dollar Stores (FDO), while Zillow is acquiring Trulia,
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El Pollo Loco Up 50% During IPO; Dow Falls 120 Points

July 25th, 2014

The S&P 500 retreated from its record breaking day yesterday and ended the day down 9 points. The Dow Jones fell over 120 points and Nasdaq also ended the day in the red. El Pollo Loco (LOCO) debuted its IPO today with its shares rising 50% during its first day. The company set its initial
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IMF Cuts Global GDP Growth Forecast; Walmart’s U.S. CEO Resigns

July 24th, 2014

The S&P 500 continues its record breaking streak as it closed the day with another record high. Just a day after the International Monetary Fund cut its forecast for the U.S. economy, it cuts its global GDP growth forecast. The IMF cut the growth forecast from 3.4% to 3.6%, they do however expect global growth
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IMF Cuts U.S. Growth Forecast; S&P 500 Hits Record High

July 23rd, 2014

The S&P 500 closed at a record high today as it continues to near 2000. The International Monetary Fund cut its forecast for U.S. economic growth for 2014 due to its struggle during the first quarter. The IMF projects that U.S. growth will be just 1.7% this year, down from 2%.  Apple (AAPL) has yet
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Herbalife’s Shares Up After Attack From Ackerman; S&P 500 Hits Intraday Record

July 22nd, 2014

Stocks end the day higher, with the S&P 500 hitting an intraday record. Companies are continuing to release their second quarter earnings statement this week. Nearly a fifth of the companies in the S&P 500 have reported their Q2 earnings statements so far, with 66% of them beating analysts’ estimates. Chipotle (CMG) just blew away
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Investors to Focus on Corporate Earnings; Global Unrest Drives Stocks Down

July 21st, 2014

Stocks fell sharply during the early trading session today, but recovered slightly to end the day barely down. The global uncertainty, particularly in Ukraine and Gaza, is weighing heavily over investors. Many large U.S. companies will be releasing their Q2 corporate earnings reports tomorrow and investors have high hopes. These companies include Apple (AAPL), Microsoft
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GE Matches Earnings Estimates; 401(k)s Rise to New Highs

July 18th, 2014

Stocks bounce back, seemingly ignoring all of the geopolitical tension that has been occurring over the past couple of days. The bull market is sending 401(k) retirement plans soaring to record highs. The average 401(K) balance rose 12.9% to $91,000, with 77% of the growth attributed to the stock market. If the 21st Century Fox
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Microsoft to Layoff 18,000; Gold Prices Up 1.5%

July 17th, 2014

The Malaysia Air crash set the Dow back 160 points. Nasdaq and the S&P 500 also ended the day in the red. The rumors that have been flying about a large number of layoffs at Microsoft (MSFT) have been confirmed today. Microsoft will layoff approximately 18,000 employees within the next year, the majority of these
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Fox Looking to Acquire TWC; Apple & IBM Announce Partnership

July 16th, 2014

The Dow Jones ends at another record close, driven higher by the continual growth in China and heated merger discussions. It appears that Rupert Murdoch, the chairman and CEO of 21st Century Fox, will continue to push to acquire Time Warner (TWC). Time Warner’s shares even ended the day up 17%, despite the fact that
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Yellen Believes Many Stocks are Overvalued; Microsoft Rumored to Make a Large Number of Layoffs

July 15th, 2014

Stocks end mixed after the chair of the Federal Reserve, Janet Yellen, said that many stocks and assets are currently overvalued. Yellen also told Congress today that the Fed intends to continue to provide support to the U.S. economy since the economic recovery is still not complete. Rumors have been flying that Microsoft (MSFT) will
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Alibaba Files for U.S. IPO; VW to Add 2,000 Jobs in the U.S.

July 14th, 2014

The Dow Jones once again closes the day above 17,000, but fell slightly from its intraday record. It was announced today that China’s Alibaba filed for an IPO in the United States, this IPO may very well be the biggest tech IPO in history. Yahoo (YHOO) is set to make a lot of money off
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Amazon Seeks FAA Approval to Test Drones (VRTX, PETM)

July 11th, 2014

(As of 3:45pm) All U.S. stocks are in the green during afternoon trading. Amazon (AMZN) is seeking FAA approval to test 50-mph drones. Amazon believes that Amazon Prime Air will be able to deliver packages to customers in under 30 minutes and hopes to make this prime benefit available to customers worldwide. Old Navy is
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