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Market Commentary

Merck & Co. (MRK) Sells Unit to Bayer for $14.2 Billion

May 6th, 2014

Shares of Merck & Company (MRK) were trading up +0.37 or +0.63 percent to $59.00 per share in pre-market trading, after the company announced earlier this morning that it would sell its consumer care unit to German pharmaceutical giant, Bayer AG for $14.2 billion. Merck stock closed at $58.63 per share, up +0.41 or +0.70
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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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B/E Aerospace (BEAV) Considers Sale

May 5th, 2014

Shares of B/E Aerospace Inc. (BEAV) were trading up + 7.86 or +8.84 percent to $96.82 per share in pre-market trading on Monday, after the company announced Sunday it was considering strategic alternatives, which included a possible sale of the company, a merger or the spin off of the company, or of a selected subsidiary.
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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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April Jobs Report Beats Estimates; Fed Will Continue Tapering

May 2nd, 2014

Weekly Wrap Up The stocks ended the week down on Friday but had some bright spots during the week – on Wednesday the Dow Jones closed at a record high. The Federal Reserve announced this week that they would be cutting the stimulus once again. The Fed will ┬ánow only spend $45 billion a month
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LinkedIn (LNKD) Stock Lower After Posting Loss

May 2nd, 2014

Shares of LinkedIn Corp. (LNKD) were trading at $160.00 per share, down -1.22 or -0.76 percent in early pre-market trading Friday, after the company announced its first quarter 2014 earnings right after the close of trading on Thursday. LinkedIn stock was down to $154.20 per share, or -4.4 percent lower in after-hours trading Thursday after
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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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Five Stocks to Watch in May

May 1st, 2014

The U.S. stock market continued its relentless rally in April, with the Dow Jones Industrial Average closing at a new all-time high of 16,580.84 and the S&P hitting a new high of 1897.28 on April 2nd. The market sold off mid-month in part due to geopolitical tensions in the Ukraine, as well as concerns of
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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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Zillow (Z) Up As Chase Coleman Buys Stake

April 30th, 2014

Shares of Seattle, Washington-based Zillow Inc. (Z) rose on Tuesday, on a rising day on Wall Street overall. Zillow’s stock closed up $12.79 per share, or 14.05%, to $103.84 per share, on volume of 3,231,611 shares. Tiger Global Management hedge fund founder, Chase Coleman, has taken a 9.5% stake in the company, as of last
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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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Nokia (NOK) Stock Higher After Naming Rajeev Suri CEO

April 29th, 2014

Shares of Nokia Corp. (NOK) were up +0.54 or +7.68 percent to $7.57 per share in pre-market trading this morning, after the company announced it was naming Rajeev Suri to be Nokiaâ s new chief executive officer. Suri replaces Stephen Elop, who returned to Microsoft (MSFT) after Nokia sold its handset division to Microsoft last
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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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Charter Communications (CHTR) Agrees on Divestures with Comcast

April 28th, 2014

Shares of Charter Communications Inc. (CHTR) closed at $130.01 per share, down -0.48 or -0.37 percent on Friday. The company just announced a deal with Comcast Corporation (CMCSA) that will increase the companyâ s subscriber base. The deal, worth $22 billion, will have Comcast divest approximately 3.9 million video customers to Charter. Stamford, Connecticut based
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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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60% of Companies Blamed Weather in Q1 Earnings Reports; Stocks End Mixed Week Down

April 25th, 2014

Weekly Wrap Up The U.S. stocks overall had a mixed week. The S&P 500 was on a six-day winning streak that ended on Wednesday. The three main U.S. indices ended the week down. Many companies have been releasing their first quarter earning reports this week. One overwhelming trend is that 60% of companies blamed “weather”
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Zimmer Holdings (ZMH) Stock Up on Biomet Takeover

April 25th, 2014

Shares of Zimmer Holdings Inc. (ZMH) closed up +10.52 or +11.50 percent to $101.97 per share in active trading on Thursday, after news that the company would be acquiring Biomet Inc., â

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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Apple (AAPL) Reports Stellar Earnings, 7 for 1 Stock Split and Share Buyback Increase

April 24th, 2014

Shares of Apple Inc. (AAPL) were trading up +39.64 or +7.55 percent to $564.39 per share in pre-market trading this morning, after the company announced better than expected earnings yesterday. In addition to the earnings release, Apple announced a 7 for 1 stock split and that the company was increasing its share buyback program. Apple
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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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