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Market Commentary

The Fed Reveals Tapering Plans as U.S. Economy Expands

December 20th, 2013

Weekly Wrap Up The week began with the stocks up after third quarter productivity data was released on Monday, showing that U.S. worker productivity jumped up 3%. But, the big news this week occurred on Wednesday as the Federal Reserve finally announced that they will begin tapering the stimulus package in January 2014. They have
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Facebook (FB), Zuckerberg to Sell 70 Million Shares in Secondary Offering

December 20th, 2013

Shares of Facebook Inc. (FB) were down -0.52 or -0.94 percent to close at $55.05 per share on Thursday, after news that the company and its founder, Mark Zuckerberg would be selling shares in a secondary offering valued at $4 billion. The sale will be the first for the company since its initial public offering
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Target Suffers Major Breach; Zuckerberg Reduces His Holding in Facebook

December 19th, 2013

After a record setting day on Wednesday, Nasdaq and the S&P 500 close down while the Dow Jones finishes in the green. Target (TGT) confirmed today that they experienced a massive credit-card data breach in stores across the nation. Approximately 40 million accounts have been compromised between November 27 and December 15. After falling for three
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Lennar (LEN) Stock up 6 Percent on Housing Demand

December 19th, 2013

Shares of Lennar Corporation (LEN) were up +2.23 or +6.34 percent to close at $37.43 per share on Wednesday, after the company reported a 13 percent increase in new sales for the quarter ended on November 30th. The company also reported a 32 percent increase in net income for the quarter. In addition to the
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Tapering Will Begin in January; S&P 500 and Dow Jones Have Record Finishes

December 18th, 2013

The Dow Jones and S&P 500 ended the day with record closes as the long awaited announcement has finally arrived. After months of speculation, the Fed has announced that they will begin tapering the stimulus package in January. The Federal Reserve will cut government bond purchases by $10 billion, will cut Treasury bond purchases by
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AT&T (T) Falls on Sale of Landline Business in Connecticut

December 18th, 2013

Shares of multinational telecommunications giant AT&T (T) fell .30 to $33.85, down .88%, on Tuesday on news of the sale of it’s landline business in Connecticut to Frontier Communications (FTR). Frontier Communications stock rose .38 to $4.78, up 8.64% on the news. Dallas, Texas based AT&T is the largest provider of both mobile and fixed
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Stocks End Down While Waiting for the Results of the Fed’s Meeting

December 17th, 2013

Microsoft (MSFT) has been searching for months to find a new CEO to replace Steve Ballmer. While they still haven’t named a suitable successor yet, they plan to hire a new CEO early next year. After General Motors (GM) announced that they will be investing $1.3 billion to upgrade their plants, some wonder if that
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LSI Corporation (LSI) to be Acquired by Avago Technologies for $6.6 Billion

December 17th, 2013

Shares of LSI Corporation (LSI) were up +3.05 or +38.6 percent to close at $10.96 per share on Monday, after news the company entered into an agreement to be taken over by Singapore based Avago Technologies Limited (AVGO) for $11.15 per share. The acquisition will create a highly diversified company, which will lead the semiconductor
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Strong Productivity Data Drives Stocks Up

December 16th, 2013

All three main indices end up after a lackluster last week. The stocks shot up today after strong productivity data was released today. U.S. worker productivity jumped up 3% in the third quarter, which is the fastest growth in almost four years. This along with other strong economic reports show that the economy is starting
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Nimble (NMBL) Storage up 62% After Initial Offering

December 16th, 2013

Shares of Nimble Storage Inc. (NMBL) closed up +12.93 or +61.6 percent to $33.93 per share after its initial public offering on Friday. The stock traded as high as $35.13 during its first day of trading on the New York Stock Exchange, after opening at $31.10. Nimble sold a total of eight million shares at
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Ford to Hire 5,000 in 2014 as Qualcomm Announces New CEO

December 13th, 2013

After ending the week down for the most part, the Dow Jones and Nasdaq end the day up with the S&P 500 ending the day down. Microsoft (MSFT) has been searching for a new CEO for months and Steve Mollenkopf had become one of Microsoft’s top choices. Unfortunately for Microsoft, Mollenkopf was promoted from COO
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Stocks End Mixed After Lackluster Week; Twitter’s Stock Continues to Rise

December 13th, 2013

Weekly Wrap Up The stock market had an overall lackluster week. After the S&P 500 ended Monday with a record close, the market ended down for the next three days. To close the week, the Dow Jones and Nasdaq ended in the green while the S&P 500 ends in the red. The poor week was
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Hilton (HLT) Raises $2.3 Billion in IPO

December 13th, 2013

Shares of Hilton Worldwide Holdings Inc. (HLT) closed up +1.50 or +7.50 percent to $21.50 per share on Thursday, after the company had an initial public offering of common stock. The IPO was originally priced Wednesday night at $20.00 per share. Hilton had been taken over by Blackstone Group LP (BX) in 2007 and its
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Stocks End Down for a Third Straight Day as Hilton Releases IPO

December 12th, 2013

Stocks end down for a third straight day as all three main indices end below their recently achieved milestones. Hilton (HLT) Worldwide Holdings becomes a publicly traded company once again after being taken private by the Blackstone Group in 2007. The world’s largest hotel chain brings the largest hotel IPO ever to its return to
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Cisco’s (CSCO) Cloud Fusion Tech Could Protect from NSA Spying

December 12th, 2013

Shares of Cisco Systems Inc. (CSCO) closed down -0.33 or -1.56 percent to $20.88 per share on Wednesday as the company presented its Powered Cloud and Managed Services at “Cloud Connections”, an event held by Cisco at the JW Marriot Hotel (MAR) in Hong Kong. The event’s theme, “Your Amazing Cloud Journey Starts Here” promotes
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Stocks End Way Down as The Fed is Scheduled to Meet Next Week

December 11th, 2013

The stocks closed down for yet another day, with the Dow Jones ending below 16,000 and the S&P 500 ending below 1,800. The stocks end down upon announcement that the Federal Reserve will meet next week to discuss the stimulus. After years of success, Southwest Airlines (LUV) announced that they are going to be pulling
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Cardinal Health (CAH) Jumps on Joint Venture with CVS Caremark

December 11th, 2013

Shares of Cardinal Health (CAH) closed up $1.95 per share, at $66.22, up 3.03% on Tuesday. The increase came on the announcement of a joint venture with CVS Caremark (CVS) to form a generic drug sourcing unit. CVS was also up on the news, rising $1.27 to 68.00, or 1.90%. Dublin, Ohio, based Cardinal Health
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First Female CEO in Detroit as Twitter Has Record Day

December 10th, 2013

After a record close for the S&P 500 yesterday, the main stock indices closed down at the end of trading today with the Dow Jones ending the day below 16,000 since first reaching that milestone. Detroit has its first female CEO, as Mary Barra is hired as General Motor’s (GM) new CEO. This appointment comes on
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McDonald’s (MCD) Misses on U.S., Global Sales

December 10th, 2013

Shares of the McDonald’s Corp. (MCD) declined -1.08 or -1.12 percent to close at $95.72 per share on Monday, after the company reported another month of sluggish sales at their established U.S. restaurants. The November results have investors worried the hamburger franchise is losing market share to competitors in the United States. Comparable sales for
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Is a Bubble on Our Horizon as a New Record for S&P 500 is Set

December 9th, 2013

After a lackluster week last week, the stocks all finished in the green with the S&P 500 closing at a new record high. With the continual rise of stocks some economists are forecasting a bubble on our horizon. While bubbles are rare and hard to predict, we are currently experiencing similar conditions to the last
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