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Market Commentary

Vanda Pharmaceuticals (VNDA) Reaches Settlement with Novartis AG

December 23rd, 2014

Shares of Vanda Pharmaceuticals Inc. (VNDA) were up +2.09 or +17.55 percent to $14.00 per share in premarket trading this morning, after the company announced yesterday after the close that it had reached an agreement with Novartis AG (NVS) in ongoing arbitration proceedings on licensing for Fanapt. Vanda Pharmaceuticals stock closed at $11.91 per share, … READ MORE

Tech Stocks Lead S&P 500 to Record High

December 22nd, 2014

While holiday trading volumes were traditionally low, the S&P 500 closed up nearly 8 points, or 0.38%, and Dow Jones added 154.51 points, or 0.87%. Last week the Federal Reserve promised not to make any sudden movements concerning the timing and pacing of interest rate hikes, thus giving investors a positive outlook. OPEC is looking … READ MORE

Staples (SPLS) Security Breach Affects 1.16 Million Customers

December 22nd, 2014

Shares of Staples Inc. (SPLS) closed down -0.09 or 0.51 percent to $17.55 in Friday’s regular trading session. The company disclosed after the close of trading on Friday that as many as 1.16 million payment cards could have been affected by a data breach first detected in October. Staples said that the malware used in … READ MORE

Staples Breach Affected 1.2M Cards; Stocks Nearly Erased Recent Mini-Correction

December 19th, 2014

Stocks continued their surge today and have now nearly erased all of the damage caused by their recent mini-correction. The three session jump is mainly due to the announcement from the Fed saying that they are in no rush to raise interest rates. Staples announced today that cyber criminals may have compromised upwards of 1.2 … READ MORE

Red Hat (RHT) Rockets on Third Quarter Earnings

December 19th, 2014

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50 … READ MORE

Dow Posts Best 1-Day Point Gain Since November 2011

December 18th, 2014

The Dow continues its effort to make up for its recent shortcomings as the Dow jumped up 421 points today – its biggest 1-day point gain since November 2011. The good news from the Fed regarding no immediate plans to increase short-term interest rates carried over today. The shale industry has been a blessing to … READ MORE

Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results

December 18th, 2014

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percent … READ MORE

Stocks Surge to Best Day of the Year on Fed’s Announcement

December 17th, 2014

Stocks experienced a much needed surge today after the Fed signaled that they could raise interest rates in the coming months, but also said that they would remain patient in doing so. The Dow rose 288 points while the S&P 500 jumped up 2% in the best day of the year. President Obama announced plans … READ MORE

Navistar International Corporation (NAV) Falls on Missed Expectations

December 17th, 2014

Shares of Lisle, Illinois, based Navistar International Corporation (NAV), fell sharply amid a down day on Wall Street. Navistar’s stock dropped 16.98%, falling $5.95 per share, to close at 29.10, on volume of 4,580,210 shares. Even though the company substantially lowered is loss for the quarter, and sales grew, the income results came in below … READ MORE

Fed Expected to Signal Rate Hike This Week

December 16th, 2014

The Dow fails to rally and closes the day down 112 points. The Dow and the S&P 500 have now ended in the red for six of the past seven days. Today the Russian ruble fell 23.2% vs. the U.S. dollar, marking an all-time low for the Russian currency. Despite falling gas prices many believe … READ MORE

Talisman Energy (TLM) to be Acquired by Repsol for $8.3 Billion

December 16th, 2014

Shares of Talisman Energy Inc. (TLM) were up +2.50 or +48.83 percent to $7.62 per share in this morning’s premarket trading, after news that the company had agreed to be taken over by Spanish energy company Repsol SA REP. Talisman Energy shares closed at $5.12, up +0.83 or +19.35 percent in Monday’s regular trading session. … READ MORE

Investors Compare Drop in Oil Prices to the Dot-Com Bust of 2000

December 15th, 2014

As oil prices continue to drop, so does the stock market. Oil prices fell below $56 a barrel today and the Dow fell 100 points; the S&P 500 and Nasdaq also finished the day in the red. Typically this time of year brings investors great joy as the Santa Rally is in full swing, but … READ MORE

PetSmart (PETM) Sells Itself for $8.7 Billion

December 15th, 2014

Shares of PetSmart Inc. (PETM) were up +3.58 or +4.61 percent to $81.25 per share in Monday’s premarket, after the company announced yesterday that it was being acquired by a foreign based private investor group for $83.00 per share. PetSmart shares closed at $77.67, down -0.77 or -0.98 percent in Friday’s regular session. Phoenix, Arizona … READ MORE

Gas Prices Fall Below $58 a Barrel, Sending Stocks Lower

December 12th, 2014

Weekly Wrap Up Many investors are wondering if the end of the bull market is near as the Dow Jones fell 315 points on Friday, closing out one of its worst weeks in 3 years. The stocks continue to be dragged down by the falling gas prices, crude oil is now below $58 a barrel. … READ MORE

Dow Closes Out Worst Week in 3 Years, Falls 315 Points

December 12th, 2014

The Dow continues to get hit by the falling gas prices and ends the day down 315 points. The Dow closed out the week as one of its worst weeks in 3 years. Gas prices also continue to fall, down below $58 a barrel. December historically has been a very friendly month for stocks, but … READ MORE

Adobe (ADBE) Beats on Earnings, to Acquire Fotolia for $800M

December 12th, 2014

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. In addition to beating earnings estimates, the company announced it was acquiring stock-photo web company Fotolia for $800 million. Adobe stock closed at … READ MORE

Crude Oil Falls Below $60 a Barrel, Lowest Price Since 2009

December 11th, 2014

The Dow Jones and S&P 500 ended a 3-day losing streak today in wake of a report showing strong retail sales in November. Crude oil prices continue to fall, plunging below $60 for the first time since July of 2009. This is seen as a ‘tax-cut’ for U.S. consumers as many people are spending what … READ MORE

LendingClub (LC) Raises $865.5M in Initial Public Offering

December 11th, 2014

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. The initial expected range for pricing shares was between $12 and $14 per share, with the final price of $15 per share exceeding expectations. Lending … READ MORE

One of the Worst U.S. Stock Market Days of 2014

December 10th, 2014

Today marks one of the worst days of 2014, in regards to the U.S. stock market. The continual decline of gas prices led to the Dow falling 268 points and the S&P 500 losing 1.6%. A gloomy output for oil in 2015 sent crude oil prices plunging once again. OPEC slashed oil production estimates for … READ MORE

Bluebird Bio (BLUE) Takes Off on Promising Drug Results

December 10th, 2014

Shares of Cambridge, Massachusetts based Bluebird Bio, Inc. (BLUE) rocketed on Tuesday, against the backdrop of a mixed market on Wall Street. Bluebird’s stock was up 72.39%, rising by $35.29 per share, to close at $84.28 on volume of 8,209,814 shares. It was Bluebird’s highest close ever. On Monday night, the company announced that one … READ MORE