Daily Market Commentary

Companies Claim Obamacare Hurt Q1 Profits; Amazon Expands Sunday Delivery

May 8th, 2014

Stocks end the day mixed yet again, with the Dow Jones ending the day barely up and Nasdaq and the S&P 500 ending the day slightly down. First companies were blaming the harsh winter weather for negatively impacting their profits, now it is Obamacare. Over 30 companies in the S&P 500, out of the 446
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AOL Q1 Income Falls 64%; Yellen Has Bright Outlook on Economic Future

May 7th, 2014

Stocks end the day mixed, with Nasdaq being dragged down by “toxic” stocks such as Whole Foods (WFM) and Yahoo (YHOO). Despite a slow first quarter, Janet Yellen believes that economic growth will accelerate throughout the remainder of the year. But she does note that the housing market slowdown may be a point of concern
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Dow Jones Falls 130 Points; Office Depot to Close 400 Stores

May 6th, 2014

Stocks end the day sharply lower as the Dow Jones lost nearly 130 points. Twitter’s (TWTR) shares fell a whopping 18% on the day and plummeted to its lowest point since its IPO debut in November. Chrysler hopes to become mainstream as it announced that it will be releasing a compact sedan, the Chrysler 100,
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Target’s CEO Steps Down; GM Issues Another Recall

May 5th, 2014

Stocks end the day up as the four-year anniversary of the flash crash quickly approaches. On May 6, 2010 $1 trillion in wealth was wiped out almost instantly, investors still wonder what caused the the quick crash. Target’s (TGT) CEO stepped down from his position today, just five months after the retailer experienced a massive
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288,000 Jobs Added in April; Unemployment Rate Falls to 6.3%

May 2nd, 2014

Stocks end down today despite the better than expected April jobs report being released. Employers added 288,000 jobs in April, the most jobs added in a single month in over two years. The unemployment rate also fell to 6.3% from 6.7%, which is currently at the lowest rate since September 2008. The Commerce Department announced
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NYSE Assessed a $4.5 Million Penalty; Ford Names New CEO

May 1st, 2014

The Dow Jones and S&P 500 ended the day barely down, while Nasdaq ended the day up due to momentum from Netflix (NFLX) and other tech stocks. The Securities and Exchange Commission charged the NYSE along with two other affiliated exchanges for “failure to comply with the responsibilities” regarding securities laws. The NYSE and the
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Stimulus Cut by an Additional $10 Billion; Dow Closes at a Record High

April 30th, 2014

The Dow Jones closed at a record high today, with its last record high being on December 31st. Nasdaq and the S&P 500 also ended the day in the green. The Federal Reserve announced today that they will be cutting the stimulus by another $10 billion, despite the fact that the economy barely grew in
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The Fed is Expected to Cut the Stimulus Again; BMW & Mercedes Announce Recalls

April 29th, 2014

Stocks close the day higher as investors continue to watch quarterly profit reports closely. The Federal Reserve is expected to continue to cut the stimulus package this week despite weak first-quarter economic growth. The economic growth data is expected to be released tomorrow morning with the Fed’s decision coming out later in the afternoon. U.S.
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Bank of America Discovers Math Error; Toyota to Relocate U.S. Headquarters

April 28th, 2014

The Dow Jones and the S&P 500 ended the day up while Nasdaq fell 1.16 points. Bank of America’s (BAC) stock fell more that 6% today after it announced that it was going to suspend its stock buyback program. The bank decided that it was imperative to suspend the program after they discovered an error
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Consumer Confidence Jumps to a 9-Month High; GM CEO Set to Make $14.4M in 2014

April 25th, 2014

Stocks ended the day the day down, partially due to the escalating tension between Ukraine and Russia. Consumer confidence jumped to a 9-month high in April so far, nearing the highest level since the beginning of the recession in 2007. Consumers are citing greater optimism in the economy and in their personal financial situations for
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Under Armour’s Profit is Up 73%; Stocks Trading Slightly Higher

April 24th, 2014

Though slightly higher, the stock trading was uneven this Thursday. Verizon (VZ) was down to $46.32 largely due to missing profit expectations. There is a rising concern that the company’s reluctance to offer discounts will turn away new customers in an already saturated market. Crude oil prices rise 0.5% to recover after a two week
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6-Day Winning Streak Ends; New Home Sales Fell 14.5% in March

April 23rd, 2014

Stocks end the day lower, signaling an end to a six day winning streak. New home sales in March fell a whopping 14.5%, partially due to severe winter weather and higher mortgage rates. SodaStreams (SODA) stocks were up nearly 15% during the morning session and closed up 11% after it was reported that SodaStream may
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Comcast’s Income Up 30% in Q1; NFLX to Raise Monthly Price

April 22nd, 2014

All three U.S. stock indices ended the day in the green after word of huge pharmaceutical deals. Comcast (CMCSA) reported that their first quarter income was up 30%, partly due to the Olympics and increased internet demand. It is reported that fast food CEOs make approximately 1,000 more than their workers. For example, the CEO of
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S&P 500 Extends its Rally; Netflix Beats Earnings Estimates

April 21st, 2014

The S&P 500 continues its rally and ends the day in the green for the fifth straight day. Ford (F) is expected to announce its new CEO within the next month. The automaker is expected to name Mark Fields, who is currently the COO, as the new CEO. Square is looking into a possible sell.
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Startup Funding Up 57%; Michaels Confirms Breach of 2.6M Cards

April 18th, 2014

Dow Jones ends the day down for the second day in a row, while Nasdaq and the S&P 500 end the day the the green for the fifth straight day. Mazda announced the recall of 109,000 older SUVs today. The automaker is recalling these SUVs based off a rust issue that could result in a
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Jobless Claims Hover Near Pre-Recession Levels; S&P 500 Ends Higher for 4th Straight Day

April 17th, 2014

Stocks continued to rally to end in the green for the fourth straight day, with the exception of the Dow Jones which ended the day slightly down. President Obama announced today that a total of 8 million Americans have signed up for health care exchange polices by the deadline date of March 31. U.S. jobless
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“Beige Book” Forecasts a Growing Economy; Low Risk of Inflation Over 2%

April 16th, 2014

Stocks end the day up after the release of the Fed’s “beige book” which suggests that the economy is gaining after a rough winter. The growing economy is expanding due to increased consumer spending and an improving labor market. Yahoo’s (YHOO) shares jumped up 11% yesterday mainly due to large revenue gains made by Alibaba,
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Should Big Banks Hold on to More Money?; CPI Rose 0.2% in March

April 15th, 2014

Stocks end the trading day barely up as they continue to recover from last week. The rising tension in Ukraine continues to be on investors minds which drew the stocks down but thankfully the better-than-expected corporate earnings reports drove the stocks back up. The chair of the Federal Reserve, Janet Yellen, spoke at a banking
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Citigroup Beats Earnings Estimates; Google Purchases Drone Company

April 14th, 2014

Stocks rallied to end the day slightly up after Citigroup (C) announced that they beat Q1 earnings expectations. Retail sales also were up 1.1% in March which is the biggest monthly gain since September 2012. This signals that consumers are ready to spend now that the harsh winter is now over. Google (GOOG) announced today
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ADP Downgraded to AA; Nasdaq Falls 1.3%

April 11th, 2014

Stocks fall once again today, with Nasdaq falling 1.2%. Only 3 companies still have the coveted AAA rating from the S&P 500 after Automatic Data Processing (ADP) was stripped of its credit rating and downgraded to AA. The 3 companies that remain are Johnson & Johnson (JNJ), Exxon-Mobil (XOM) and Microsoft (MSFT). Zoe’s Kitchen (ZOES)
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