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Market Commentary

NASDAQ Up 10 Despite Declines in the Market

March 19th, 2015

Markets were mixed in trading today, with the Dow and S&P falling while the NASDAQ rose. The Dow lost -117.16 points and closed at 17,959.03. The S&P 500 lost -10.23 points and ended the day at 2,089.27. The NASDAQ, which is heavy in tech and pharmaceuticals, rose 9.55 points to close at 4,992.38. In overseas … READ MORE

Lennar Corp. (LEN) Stock up +2 Percent on Strong First Quarter Results

March 19th, 2015

Shares of Lennar Corporation (LEN) were up +0.97 or +1.95 percent to $50.69 per share in this morning’s premarket after the company reported better than expected earnings for its first fiscal quarter. Lennar Corporation stock closed at $49.72, up +0.86 or +1.76 percent in Wednesday’s regular trading session. Founded in 1954, Miami, Florida based Lennar … READ MORE

Fed Meeting Tanks Bond Yields, Dow Up 230

March 18th, 2015

Markets were up today in heavier than usual trading as investors saw good opportunities in what has been a falling marketplace. The Dow gained 227.11 points to close at 18,076.19, breaking 18k again after falling below the mark early last week. The S&P 500 was up 25.22 points to 2,099.50. The NASDAQ gained 45.39 points … READ MORE

MGM Resorts International (MGM) Up on Real Estate Investment Trust Proposal

March 18th, 2015

Shares of Las Vegas, Nevada, based MGM International Resorts (MGM) rose on Tuesday, against the backdrop of a mostly down day in stocks overall. MGM’s stock was up 10.58%, rising $2.08 per share, to close at $21.74, on volume of 62,518,319 shares. The company’s stock rose in response to a proposal by activist investor Land … READ MORE

Dow, S&P Down in Mixed Trading, Tech-Heavy NASDAQ Rises

March 17th, 2015

Markets closed mixed today, with the Dow and S&P 500 losing ground while the tech-heavy NASDAQ rises slightly. The Down lost -128.74 points and closed at 17,849.08, and the S&P 500 was down -6.91 points to 2,074.28. The NASDAQ gained 7.93 points and rose to 4,937.44. Trading was also mixed overseas, with Japan’s Nikkei up … READ MORE

Sotheby’s (BID) and Ebay to Begin Live Auctions

March 17th, 2015

Shares of Sotheby’s (BID) were trading down -0.07 or -0.17 percent to $40.91 in Tuesday’s premarket after news that the company will be offering live auctions on a new Ebay (EBAY) auctions platform. The new live auctions platform will debut next month. Sotheby’s stock closed at $40.98, up +0.45 percent in Monday’s regular trading session. … READ MORE

Dow Up 230 on the Strength of Biotech and Healthcare

March 16th, 2015

Markets were up in trading today as the health services sector surged. The Dow gained 228.11 points to close at 17,977.42, just under the record highs which were set earlier this month. The NASDAQ was also up, gaining 57.75 points to close at 4,929.51. The S&P 500 rose 27.79 points and ended trading today at … READ MORE

HPQ’s Spin Off: Here’s Why Investors May Face Tough Challenges Ahead

March 16th, 2015

Hewlett-Packard may be at a disadvantage by focusing on selling to the consumer market in 2015. 2014 was perceived as a year of the corporate spin off in America, as enterprise companies such as Hewlett-Packard turned heads in both Wall Street and Silicon Valley. This year, corporate spin offs are expected to deliver another success. … READ MORE

FXCM Inc. (FXCM) Downgraded after Reporting Better Than Expected Earnings on Friday

March 16th, 2015

Shares of FXCM Inc. (FXCM) were trading down ??0.17 or -6.59 percent to $2.41 per share in this morning’s premarket. The company’s stock was downgraded to “Underperform” this morning by KBW, while Credit Suisse reiterated its underperform rating and lowered its price target for the stock to $2.60. FXCM stock closed at $2.58 on Friday, … READ MORE

Markets Drop This Week as Fed Fears Take a Toll

March 13th, 2015

Markets were down slightly in trading this week as concerns over rising interest rates stoked ongoing Fed fears. The Dow dipped -107 points on the week, starting at 17,856 and finishing on Friday at 17,749. The S&P 500 lost -17.86 points over 5 days, and closed the week at 2,053.40. The NASDAQ was also down, … READ MORE

Down Down 150 Points Despite a Late Rally

March 13th, 2015

Markets were down today, despite a late rally this afternoon which saw the market gain more than 60 points from the day’s low point at lunchtime. The Dow lost -145.91 points and closed at 17,749.31. The S&P 500 and NASDAQ were both down as well. The NASDAQ lost -21.53 points and closed at 4,871.76, while … READ MORE

U.S. Attorney and FBI Launch Probe into Herbalife (HLF) Stock Manipulation

March 13th, 2015

Shares of Herbalife Ltd. (HLF) were trading up +1.75 or +5.26 percent to $35.00 per share in this morning’s premarket. Herbalife stock is up after news of an investigation into possible manipulation of the stock by fund manager Bill Ackman and people in his employ. Herbalife stock closed at $33.25 per share, up +0.15 or … READ MORE

Dow Gains 260, Markets Recovering After Big Losses

March 12th, 2015

Thursday saw the markets recovering after losses earlier in the week. Volume was higher than average as investors snapped up deals and built up their portfolios. The Dow was up 259.83, or 1.5%, to close at 17,895.22. The NASDAQ gained 43.35 points and closed at 4,893.29. The S&P 500 added 25.71 points to close the … READ MORE

Salix Pharmaceuticals (SLXP) Gets Bid From Endo International

March 12th, 2015

Shares of the Salix Pharmaceuticals Inc. (SLXP) closed up +10.96 or +6.95 percent to $168.61 per share in Wednesday’s regular trading session. The company received a letter yesterday from the board of directors of Endo International Plc (ENDP) offering Salix $175 per share and trumping Valeant’s (VRX) $158 per share bid. Raleigh, North Carolina based … READ MORE

Bird Flu Hits Poultry Producers on a Slow Day for the Markets

March 11th, 2015

Trading was essentially flat today, with yesterday’s selloff giving way to much lower than expected volume which saw the market stall out in the afternoon. The Dow was down -27.55 points, ending the day at 17,635.39. The NASDAQ lost -9.86 points and settled in at 4,849.94, and the S&P 500 fell -3.92 points to finish … READ MORE

Urban Outfitters Inc. (URBN) Up on Strong Fourth Quarter Results

March 11th, 2015

Shares of Philadelphia, PA, based Urban Outfitters Inc. (URBN) spiked higher on Tuesday, against the backdrop of a sharp sell-off in the overall market. Urban Outfitters was up $4.55, rising 11.52% to close at 44.06, on volume of 10,776,295 shares. The company reported fourth quarter earnings that exceeded analysts expectations, as well as solid growth … READ MORE

Big Selloff Drives the Dow Down 330

March 10th, 2015

The Dow was down -330 points today and closed at 17,662.94. Worries over the Fed raising interest rates brought share prices down from last week’s record levels. The S&P 500 fell -35.27 points to 2,044.16, and the NASDAQ dropped -82.64 points to close at 4,859.80. Markets across the world were down as well today, with … READ MORE

Credit Suisse (CS) CEO to Step Down in June, Bank Confirms Replacement

March 10th, 2015

Shares of Credit Suisse Group AG (CS) were up +1.35 or +5.73 percent to $24.89 per share in pre-market trading this morning, after the company confirmed early this morning that Chief Executive Officer Brady Dougan would step down and be replaced the Tidjane Thiam, currently Chief Executive Officer of UK insurance company, Prudential (PUK). Credit … READ MORE

Rising Blue Chips, $22.4 Billion Hostile Takeover Send Dow Up

March 9th, 2015

The Dow closed up 138.94 points in trading today, ending at 17.995.72, driven at least in part by a blue chip recovery. The S&P 500 and NASDAQ were both up as well, gaining ground steadily over the course of the trading day. The S&P 500 rose 8.17 points to close at 2,079.42, while the NASDAQ … READ MORE

RTI International Metals Inc. (RTI) to be Acquired by Alcoa in $1.5B Deal

March 9th, 2015

Shares of RTI International Metals Inc. (RTI) were trading up +12.72 or +46.63 percent to $40.00 per share in Monday’s premarket after news broke that the company had entered into a definitive agreement to be acquired by Alcoa Inc. (AA). RTI International Metals Inc. stock closed at $27.28 per share, down -0.54 or -1.94 percent … READ MORE