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Market Commentary

Five Stocks to Watch in August

August 1st, 2014

The U.S. stock market ended July on a bearish note, with the Dow Jones Industrial Average wiping out all of its 2014 gains on Thursday. The Dow Jones average fell -317.06 points or -1.88 percent, closing at 16,563.30, just under its level at the beginning of the year. The tech-heavy NASDAQ composite index dropped -93.13
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Argentina’s Debt Default Drives Stocks Lower; Dow Falls 316 Points

July 31st, 2014

Stocks end the day much lower with the Dow falling over 300 points, in part due to the debt crisis in Argentina. This is Argentina’s second default in 13 years and many U.S. investors are wondering what this means for global markets. RadioShack’s (RSH) days are numbered as it has only $62 million in cash
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Bank of America (BAC) Increases Settlement Offer, Gets Slapped with $1.27B Fine

July 31st, 2014

Shares of Bank of America Corporation (BAC) were down -0.27 or -1.77 to $15.31 in regular trading on Thursday, after news yesterday that the bank was raising their offer to settle with the Justice Department for $1 billion more than it had previously proposed. Also, a federal judge imposed a $1.27 billion civil penalty for the
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Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

July 30th, 2014

Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted
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Oshkosh (OSK) Falls on Weaker 3rd Quarter Earnings

July 30th, 2014

Shares of Oshkosh, Wisconsin, based Oshkosh Corporation (OSK)  fell on Tuesday in a mixed day in the financial markets overall. The company’s stock was down 13.82%, falling $7.35 per share to close at $45.84, on volume of 4,293,362 shares. The company reported weaker earnings for its fiscal 2014 third quarter results. Founded in 1917, Oshkosh
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Global Tension Weighs Heavily on Investors; UPS Misses Wall Street’s Expectations

July 29th, 2014

Stocks close the day slightly down as global tension continues to take a toll on the market. Investors fear that the European Union’s sanctions against Russia for their involvement in the downed Malaysia Airline Profit will have a large global economic impact. Profit reports continue to be announced this week. More than half of the
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Silicon Motion Technology (SIMO) Gains on Quarterly Earnings Results

July 29th, 2014

Shares of Silicon Motion Technology (SIMO) were trading up +2.35 or +10.26 percent to $25.25 per share in pre-market trading Tuesday morning, after the company announced second quarter earnings which beat analyst expectations. Silicon Motion Technology stock closed at $22.90 per share, up +0.32 or +1.42 percent in Monday’s regular trading session. Taiwan based Silicon
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S&P 500 Posted Second Smallest Closing Gain; New Home Sales Down 8.1%

July 28th, 2014

The S&P 500 and Dow Jones ended the day slightly up, while Nasdaq was down 0.11%. Investors were trying to balance a reported decline in sales of new homes in June with the news of multiple acquisitions. Dollar Tree Inc. (DLTR) is going to take over Family Dollar Stores (FDO), while Zillow is acquiring Trulia,
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Family Dollar (FDO) to be Taken Over by Dollar Tree in $8.5B Deal

July 28th, 2014

Shares of Family Dollar Stores Inc. (FDO) were up + 14.57 or +24.02 percent to $75.23 per share in premarket trading Monday morning, after the announcement that Dollar Tree Inc. (DLTR) would be buying the company for $74.50 per share. Family Dollar Stores stock closed at $60.66, down -0.48 or 0.79 percent in Friday’s regular
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Companies Continue to Release Q2 Earnings; IMF Cuts U.S. & Global Forecasts

July 25th, 2014

Weekly Wrap Up Stocks ended Friday in the red after the S&P 500 ended with record finishes on Wednesday and Thursday. The International Monetary fund cut its forecast for both U.S. growth and global GDP growth this year. On Wednesday, the IMF announced that they would be cutting its U.S. economic growth forecast for 2014
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El Pollo Loco Up 50% During IPO; Dow Falls 120 Points

July 25th, 2014

The S&P 500 retreated from its record breaking day yesterday and ended the day down 9 points. The Dow Jones fell over 120 points and Nasdaq also ended the day in the red. El Pollo Loco (LOCO) debuted its IPO today with its shares rising 50% during its first day. The company set its initial
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Amazon.com (AMZN) Tumbles on Earnings Miss

July 25th, 2014

Shares of Amazon.com Inc. (AMZN) were trading down -36.00 or -10.04 percent to $322.61 per share in pre-market trading early Friday, after the company released significantly lower than expected earnings despite a large increase in revenue. Amazon stock closed at $358.61, up +0.47 or +0.13 percent in Thursday’s regular trading session. Seattle, Washington based Amazon.com
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IMF Cuts Global GDP Growth Forecast; Walmart’s U.S. CEO Resigns

July 24th, 2014

The S&P 500 continues its record breaking streak as it closed the day with another record high. Just a day after the International Monetary Fund cut its forecast for the U.S. economy, it cuts its global GDP growth forecast. The IMF cut the growth forecast from 3.4% to 3.6%, they do however expect global growth
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Logitech (LOGI) Rallies on First Quarter Results, Improved Forecast

July 24th, 2014

Shares of Logitech International (LOGI) were up +1.81 or +13.58 percent to $15.14 in pre-market trading this morning, after the company released better than expected results for the company’s first quarter 2015. The company also raised its profitability outlook for the rest of its 2015 fiscal year. Logitech stock closed unchanged at $13.33 per share
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IMF Cuts U.S. Growth Forecast; S&P 500 Hits Record High

July 23rd, 2014

The S&P 500 closed at a record high today as it continues to near 2000. The International Monetary Fund cut its forecast for U.S. economic growth for 2014 due to its struggle during the first quarter. The IMF projects that U.S. growth will be just 1.7% this year, down from 2%.  Apple (AAPL) has yet
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Herbalife (HLF) Rises on Failure of “Death Blow” Attempt by Antagonist

July 23rd, 2014

Shares of Herbalife Ltd. (HLF) rose sharply on Tuesday on a strong day on Wall Street overall. Herbalife’s stock was up 25.45%, up $13.75 per share to close at $67.77, on volume of 27,948,910 shares – roughly 20 times normal volume for the stock. The stellar performance of the stock was in reaction to investors
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Herbalife’s Shares Up After Attack From Ackerman; S&P 500 Hits Intraday Record

July 22nd, 2014

Stocks end the day higher, with the S&P 500 hitting an intraday record. Companies are continuing to release their second quarter earnings statement this week. Nearly a fifth of the companies in the S&P 500 have reported their Q2 earnings statements so far, with 66% of them beating analysts’ estimates. Chipotle (CMG) just blew away
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Chipotle (CMG) Stock Rockets After Reporting Second Quarter Earnings

July 22nd, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were up +56.98, or +9.62 percent to $649.40 per share in afterhours trading on Monday afternoon, after the company reported a +28.7 percent increase in revenue, beating analyst estimates by 6 percent. Chipotle stock closed at $589.93 per share, down -2.49 or -0.42 percent in Monday’s regular trading
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Investors to Focus on Corporate Earnings; Global Unrest Drives Stocks Down

July 21st, 2014

Stocks fell sharply during the early trading session today, but recovered slightly to end the day barely down. The global uncertainty, particularly in Ukraine and Gaza, is weighing heavily over investors. Many large U.S. companies will be releasing their Q2 corporate earnings reports tomorrow and investors have high hopes. These companies include Apple (AAPL), Microsoft
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Reynolds American (RAI) to Challenge $23.6B Punitive Damages Award

July 21st, 2014

Shares of Reynolds American Inc. (RAI) were down -1.80 or -3.07 percent to $56.85 per share in pre-market trading early Monday, after news late Friday that a Florida jury had decided to impose punitive damages of $23.6 billion on R.J. Reynolds Tobacco — a division of Reynolds American — to settle a lawsuit brought by
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