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Market Commentary

Micron Technology (MU) Up 7 Percent on 4Q Earnings

September 29th, 2014

Shares of Micron Technology Inc. (MU) were up +2.13 or +6.72 percent to $33.83 on Friday as the U.S. major market indexes gained almost one percent on the day. Micron shares gained after the company reported better than expected fourth quarter earnings on Friday. In addition, several companies upwardly revised their price target for the
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Tech Stocks Driving Force Behind Roller Coaster Week for Stocks

September 26th, 2014

Weekly Wrap Up U.S. stocks ended a roller coaster week in the green. Tech stocks seemed to be the driving force behind this weeks gains and losses. Alibaba’s (BABA) surge during its IPO was short lived as it fell over 4% on Monday. Later in the week, Apple’s (AAPL) stock dropped around 4% due to
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Investors Urge a Merger Between Yahoo & AOL; U.S. Economy Grew 4.6% in Q2

September 26th, 2014

Stocks recover part of their losses from yesterday, but U.S. stocks did not recover entirely. Many investors, mainly activist investing firm Starboard, are urging Yahoo (YHOO) to merge with AOL (AOL). Both AOL’s and Yahoo’s stocks are up on this proposition. The U.S. economy rebounded sharply in Q2, after faltering in Q1. The economy actually
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Nike (NKE) Stock Up on Earnings, Guidance

September 26th, 2014

Shares of Nike Inc. (NKE) were up +4.76 or +5.89 percent to $85.60 per share in yesterday’s after hours trading in the wake of better than expected earnings for the company’s fiscal 2015 first quarter ended on August 31st. Nike stock closed at $79.75, down -1.09 or -1.35 percent in Thursday’s regular trading session. Founded
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Tech Stocks Sell Off Drives Wall Street Down

September 25th, 2014

Stocks fell sharply today, with the Dow losing nearly 265 points. The tech stocks led Wall Street drastically down, with Apple (AAPL) at the front of the pack, falling nearly 4% on the day. The price of a gallon of gas may start with a “2″ across most of the United States. Gas prices typically
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Magnum Hunter (MHR) Up on Record Production, Short Interest Decline

September 25th, 2014

Shares of Magnum Hunter Resources Corp. (MHR) were up +0.99 or +18.13 percent to $6.45 per share in Thursday’s premarket, after the company announced record production results for its newest well in the Utica shale of West Virginia. In addition, the company’s stock saw a large drop in short interest in August. Magnum Hunter Resources
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43% of Companies Experienced a Data Breach; Apple Stock Falls on “Bendable” iPhones

September 24th, 2014

Stocks finally recover, ending a 3-day slump as the Dow Jones finishes the day up 154 points. Apple’s (AAPL) stocks fell over 1% today due to claims of poor construction of the new iPhones. There have many reports, by consumers, that the latest iPhone can be bent by applying light pressure. An annual study on data
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GoPro (GPRO) Up on Google’s Investment in YouTube

September 24th, 2014

Shares of San Mateo, California, based GoPro, Inc. (GPRO) rose Tuesday, defying markets which were down across the board. GoPro’s stock was up 6.75%, rising $4.61 to close at $72.88 per share on volume of 7,725,002 shares. The stock was up on news that Google (GOOG) is investing millions of dollars to upgrade YouTube, which
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Global Conflict Drives Stocks Lower; GM Moving Cadillac HQ to NYC

September 23rd, 2014

U.S. stocks fell further today, following the European markets which also fell substantially today due to weaker-than-expected eurozone economic data. Investors are also growing wary and have become more cautious due to all of the global conflicts and the recent airstrikes against the ISIS in Syria. GM (GM) is moving Cadillac’s HQ to Soho in
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Salix Pharmaceuticals (SLXP) to be Acquired by Allergan

September 23rd, 2014

Shares of the Salix Pharmaceuticals Inc. (SLXP) were up +12.47 or +7.80 percent to $172.30 per share in this morning’s premarket. The stock was up as much as 16 percent in afterhours trading yesterday after news that Allergan Inc. (AGN) was in talks with Salix to take over the company. Salix Pharmaceuticals stock closed at
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RadioShack Up 5%; Alibaba Down 4.3%

September 22nd, 2014

Stocks end the day much lower as Alibaba’s (BABA) shares fell 4.3% during its second day of trading. RadioShack’s (RSH) shares rose nearly 5% today after reports were released that the company’s executives are in talks with a major vendor to modify a “commercial relationship” in hopes of avoiding bankruptcy. In recent years, RadioShack has
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Sigma-Aldrich (SIAL) to be Taken over by Merck KGaA

September 22nd, 2014

Shares of the Sigma-Aldrich Corp. (SIAL) were trading up +35.98 or +35.15 percent to $138.35 per share in Monday’s premarket. The company announced early this morning that German company Merck KGaA would be acquiring the company in a deal worth approximately $17 billion. Sigma-Aldrich stock closed at $102.37 per share, St. Louis, Missouri based Sigma-Aldrich
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Apple’s iPhone 6 Release Overshadowed By Alibaba’s IPO Debut

September 19th, 2014

The streak continues as the Dow Jones closes at a record high for a third straight day. Alibaba’s (BABA) IPO was the big story of the day, overshadowing the release of Apple’s (AAPL) iPhone 6. Alibaba’s IPO was set for $68 but surged 38% throughout the trading day to end at $93.89. Alibaba also now
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Record Setting Week for Stocks; Interest Rates to Remain Low

September 19th, 2014

Weekly Wrap Up Overall, it was a really good week for U.S. stocks. The Dow Jones closed at record highs for 3 days this week, joined by the S&P 500 which closed with a record high on Thursday. The Fed held their Federal Open Market Committee this week and the big news out of that
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Alibaba Group (BABA) Prices Offering at $68 Per Share

September 19th, 2014

Shares of the Alibaba Group Holdings Ltd (BABA) were priced at $68.00 apiece, making this morning’s initial public offering of the Chinese Internet giant the largest U.S. IPO ever. The company will raise a minimum of $21.8 billion at that price. The offering was originally priced at $60 to $66, but was raised to $66
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The Dow Jones and S&P 500 End the Day With Record Highs

September 18th, 2014

The Dow Jones continued its record streak, finishing with a record close for the second day in a row. But the Dow wasn’t alone today, the S&P 500 also closed the day with a record high. Oracle’s (ORCL) co-founder, Larry Ellison, is planning on stepping down from his position as CEO. Ellison will remain the
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Rite Aid (RAD) Down on Revised Guidance

September 18th, 2014

Shares of the Rite Aid Corporation (RAD) were trading off -0.94 or -14.16 percent to $5.70 per share in premarket trading this morning, after the company report earnings that beat analyst expectations, but downwardly revised its outlook for the rest of the year. Rite Aid stock closed at $6.64 per share, up +0.23 or +3.59
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Dow Closes With a Record High; Fed Set on Keeping Interest Rates Low

September 17th, 2014

The Dow Jones finishes the day with a record close, mainly due to the Fed saying that the will keep interest rates low for the foreseeable future. Janet Yellen announced today that the Fed does not have a timeline for when they expect to raise interest rates. Food stocks suffered today, in part due to
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Sears Holdings Corporation (SHLD) Down on Loan Funding Source

September 17th, 2014

Shares of Hoffman Estates, Illinois-based Sears Holdings Corporation (SHLD) fell on Tuesday, on a strong day overall on Wall Street. Sears stock closed down 9.40%, losing $3.15 per share, to close at $30.37 on volume of 3,654,016 shares. The company disclosed that it is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, in
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Investors Fixate on Fed’s Meeting; Final Wave of Microsoft Layoffs Expected This Week

September 16th, 2014

Stocks end the day up, with the Dow Jones finishing just below a record close. Investors are keeping a close eye of the Fed’s 2-day meeting and are waiting anxiously to hear what the Fed’s policymakers have to say regarding interest rates. Many are fixating on whether there will be a change in the notion
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