Daily Market Commentary

Factory Output Continues to Rise; GE Profits Increase by 5% in 4Q

January 17th, 2014

U.S. Factory output continues to rise – in December it rose for the fifth straight month. Factory output is now 22% above its recession low. UPS (UPS) is expecting its 4Q profit to be lower than expected due to all the delayed deliveries of holiday packages. UPS cites that they were hit hard due to
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Best Buy’s Shares Fall 27%; Yahoo is Looking for a New COO

January 16th, 2014

Stocks end the day mixed after investors received mixed results from the holiday shopping season. After Best Buy (BBY) said that sales number didn’t reach expectations during the holiday season their shares fell more that 27% to $27.17 during afternoon trading. T-Mobile (TMUS) is offering to pay up to $650 in cancellation fees if you
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S&P 500 Closes at Record High as the Economy is Being Led by Housing & Auto Industries

January 15th, 2014

After a rough couple of weeks of 2014 the three main indices end the week up, with the S&P 500 jumping to a record high. The expansion of the economy is being led by the auto and housing industries as stated in the Fed’s Beige Book. Apple (AAPL) and the Federal Trade Commission came to
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Target’s Breach a Wake-Up Call; TWC Rejects Charter Communication’s Bid

January 14th, 2014

Stocks end up today, being led by the technology sector. While Target’s (TGT) breach impacted millions of American’s, JP Morgan’s (JPM) CEO hopes it serves as a wake-up call to many retailers and banks. He thinks that cyber crimes will become more common if retailers and banks don’t work with one another to improve security.
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Dow Jones Drops 170 Points; Companies Fail to Meet 4Q Projections

January 13th, 2014

Stocks end down today, with the Dow Jones ending the day dropping more than 170 points. The stocks stumbled after investors ponder the effects of the jobs report released on Friday and as many companies concerns are growing about failing to meet their fourth quarter projections. SodaStream (SODA) shares fell a whopping 24% today after failing
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Disappointing December Jobs Report; Target’s Security Breach Worsens

January 10th, 2014

Stocks end mixed as the jobs report for December did not reveal the numbers that many were expecting. Economists were predicting that approximately 205,000 additional people would become employed in December, but in reality only an additional 74,000 became employed last month. Target’s (TGT) security breach continues to get worse. It was originally reported that
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Americans Confused as Tax Season Approaches; Ford Increases Dividend

January 9th, 2014

Stocks continue to struggle in the new year as the Dow Jones and Nasdaq end the day down. Certain advocates believe that U.S. taxpayers should get a “bill of rights” from the IRS explaining what the IRS can and cannot demand from them. Many Americans are confused every tax season and this was seen last
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The Fed Releases December Minutes; 238,000 Private Sector Jobs Added in December

January 8th, 2014

The stocks end mixed today as the Dow Jones finished with a 71 point dip. Macy’s (M) announced that as part of restructuring their business in 2014 they will be laying off approximately 2,500 workers. It was revealed that private firms added around 238,000 jobs in December, further improving the economy. The Federal Reserve released
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Janet Yellen Confirmed as Next Chairman of the Fed as Stocks End Up

January 7th, 2014

The three main indices end up for the first time of the year. It was confirmed today that Janet Yellen will be the next Chairman of the Federal Reserve. Her term begins on February 1st and she will be the first woman to ever head the central bank. The U.S. Senate is close to extending
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Consumer Electronics Show has Begun as Stocks Continue to End Down

January 6th, 2014

Stocks end down today as they continue to struggle in the new year; the S&P 500 and the Nasdaq have yet to even post a gain in 2014. JPMorgan (JPM) is expected to have to pay a penalty of $2B for their role in Benard Madoff’s Ponzi scheme. They will have to pay as early
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Car Sales Up in 2013 as Stocks End Mixed

January 3rd, 2014

On the second day of trading for 2014 the stocks end the day mixed. Despite General Motors (GM) reporting that their December sells fell 6.3%, they closed 2013 with sales up 7.3%. Ford (F) had its best year since 2006 with its sales rising 2% in December. Chrysler also also had a good month with
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Worst Opening Day Since 2008; Snapchat Experiences Security Breach

January 2nd, 2014

The stocks end down on the first day of trading in 2014, experiencing its worst opening trading day of the year since 2008. Ford (F) is creating a car that will be able to run on solar energy. Ford will unveil the concept version of the C-Max Solar Energi at the Consumer Electronics Show in
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Best Year for the Stock Market Since 1997

December 31st, 2013

As the year comes to an end the stock market wrapped up with its best year since 1997. This year may signal that the recession after the 2008 financial crisis is finally coming to a close as the economy continues to grow and expand. Consumer confidence also continued to grow in the latter part of
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Dow Jones Achieves 51st Record of 2013; ACA Hits Midsize Businesses Hard

December 30th, 2013

The Dow Jones hits its 51st record close of the year while the S&P 500 and Nasdaq end the day down. As the new health care plans are set to roll out in 2014, many state that midsize business are going to be hit the hardest by the Affordable Care Act. Midsize businesses are forced
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Target Confirms PIN Data was Compromised; Unemployment Benefits to End

December 27th, 2013

Is the Santa Claus rally already over as stocks end down today? After denying that PIN data was stolen during the massive security breach, Target (TGT) confirmed today encrypted PIN data was actually stolen. Even though Target acknowledges that the PIN data was stolen, they still believe that the PIN numbers are still secure. Tomorrow
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Santa Claus Rally in Full Swing as Stocks End Up

December 26th, 2013

The Santa Claus rally was in full swing today after the three main indices ended the trading day in the green. As Twitter’s (TWTR) stock continues to rise, many are predicting that they will experience a huge crash in 2014. Many customers are upset with Amazon (AMZN) after their Christmas packages didn’t arrive in time,
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Record Closes for S&P 500 & Dow; Apple Finalizes Deal with China Mobile

December 23rd, 2013

Stocks continued to soar up to record closes by the end of trading today. The Dow Jones and S&P 500 achieved new record closes as the Nasdaq closed at its highest point in 13 years. Jos. A. Bank (JOSB) refused a $1.54 billion acquisition offer by Men’s Warehouse (MW). Jos. A. Bank cited that the
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U.S. Economy Grew 4.1% in 3Q; BlackBerry Reports a $4.4 Billion Loss

December 20th, 2013

Stocks jumped up today after reports were released that showed that the U.S. economy grew approximately 4.1% in the third quarter. This growth rate was well above what the Commerce Department predicted which was 3.6%. It was also reported that the Dow Jones experienced its best week since January. Just the day after Target (TGT)
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Target Suffers Major Breach; Zuckerberg Reduces His Holding in Facebook

December 19th, 2013

After a record setting day on Wednesday, Nasdaq and the S&P 500 close down while the Dow Jones finishes in the green. Target (TGT) confirmed today that they experienced a massive credit-card data breach in stores across the nation. Approximately 40 million accounts have been compromised between November 27 and December 15. After falling for three
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Tapering Will Begin in January; S&P 500 and Dow Jones Have Record Finishes

December 18th, 2013

The Dow Jones and S&P 500 ended the day with record closes as the long awaited announcement has finally arrived. After months of speculation, the Fed has announced that they will begin tapering the stimulus package in January. The Federal Reserve will cut government bond purchases by $10 billion, will cut Treasury bond purchases by
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