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Market Commentary

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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Lexmark (LXK) Falls Sharply on Lower Profits and Revenue

April 23rd, 2014

Shares of Lexington, Kentucky, based Lexmark International Inc. (LXK) fell sharply against the backdrop of a strong performance in computer hardware stocks, and an up day on Wall Street overall. Lexmark was down 11.23%, or $5.25 per share, to close at $41.52, on volume of 6,033,120 shares. The company announced that its first quarter profits
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Comcast’s Income Up 30% in Q1; NFLX to Raise Monthly Price

April 22nd, 2014

All three U.S. stock indices ended the day in the green after word of huge pharmaceutical deals. Comcast (CMCSA) reported that their first quarter income was up 30%, partly due to the Olympics and increased internet demand. It is reported that fast food CEOs make approximately 1,000 more than their workers. For example, the CEO of
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Allergan (AGN) Targeted By Valeant and Pershing Capital

April 22nd, 2014

Shares of Allergan Inc. (AGN) were up +28.33 or +19.95 percent to $170.33 per share in pre-market trading this morning, after news late yesterday of a potential takeover bid from Valeant Pharmaceuticals International Inc. (VRX) and Bill Ackmanâ s Pershing Square Capital Management LP. Allergan stock closed at $142.00 per share, up +8.08 or +6.03
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S&P 500 Extends its Rally; Netflix Beats Earnings Estimates

April 21st, 2014

The S&P 500 continues its rally and ends the day in the green for the fifth straight day. Ford (F) is expected to announce its new CEO within the next month. The automaker is expected to name Mark Fields, who is currently the COO, as the new CEO. Square is looking into a possible sell.
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Pfizer (PFE) in Talks to Acquire AstraZeneca

April 21st, 2014

Shares of Pfizer Inc. (PFE) closed up +0.16 or +0.53 percent to $30.25 per share on Friday. According to the UK Sunday Times, Pfizer had talks for a 60 billion pound offer ($100.7 billion) for its British rival AstraZeneca Plc. (AZN). According to the newspaper, their information came from industry sources and senior investment bankers
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S&P 500 & Nasdaq End the Week Up; Food Costs Continue to Rise

April 18th, 2014

Weekly Wrap Up The S&P 500 and Nasdaq ended in the green every day this week, while the Dow ended down on Thursday and Friday. This week President Obama announced that 8 million Americans signed up for health care exchange policies prior to the deadline of March 31st. Jobless rates fell in 21 states in
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Startup Funding Up 57%; Michaels Confirms Breach of 2.6M Cards

April 18th, 2014

Dow Jones ends the day down for the second day in a row, while Nasdaq and the S&P 500 end the day the the green for the fifth straight day. Mazda announced the recall of 109,000 older SUVs today. The automaker is recalling these SUVs based off a rust issue that could result in a
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Chipotle Mexican Grill (CMG) Stock Pummeled After Earnings Miss

April 18th, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) closed down -32.79 or -5.94 percent to $519.61 per share in active trading on Thursday, after the company announced first quarter earnings that came in below analyst expectations. The stock initially traded sharply higher after the earnings release, rising as much as +8.6 percent in pre-market trading on
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Jobless Claims Hover Near Pre-Recession Levels; S&P 500 Ends Higher for 4th Straight Day

April 17th, 2014

Stocks continued to rally to end in the green for the fourth straight day, with the exception of the Dow Jones which ended the day slightly down. President Obama announced today that a total of 8 million Americans have signed up for health care exchange polices by the deadline date of March 31. U.S. jobless
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IBM (IBM) Stock Off on Lower Hardware Sales

April 17th, 2014

Shares of International Business Machines Corp. (IBM) were trading down -7.20 or -3.67 percent to $189.20 per share in pre-market trading on Thursday, after the company reported earnings following the market close on Wednesday. Earnings were in line with expectations; however hardware revenue sank 23 percent in the quarter. IBM stock closed at $196.40 per
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“Beige Book” Forecasts a Growing Economy; Low Risk of Inflation Over 2%

April 16th, 2014

Stocks end the day up after the release of the Fed’s “beige book” which suggests that the economy is gaining after a rough winter. The growing economy is expanding due to increased consumer spending and an improving labor market. Yahoo’s (YHOO) shares jumped up 11% yesterday mainly due to large revenue gains made by Alibaba,
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Twitter (TWTR) Up on Acquisition of Longtime Partner

April 16th, 2014

Shares of San Francisco based Twitter, Inc. (TWTR) rose on Tuesday on a strong day on the stock exchanges overall. Twitter stock closed at $45.52, up $4.65 per share, or 11.38%, on volume of 24,285,070 shares. The company announced the acquisition of Gnip in a move that not only is expected to provide revenue growth
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