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Market Commentary

Boeing (BA) Forecasts $5.2 Trillion Market for Commercial Jets

July 10th, 2014

Shares of the Boeing Company (BA) were trading down -0.60 or -0.47 percent in pre-market trading this morning, after the company issued a press release forecasting a +4.2 percent increase in worldwide demand for passenger aircraft in the company’s 20-year Current Market Outlook. Boeing stock closed up +0.37 or +0.29 percent to $127.16 per share
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Fed Leaning Towards Ending Stimulus in October; Stocks Rally

July 9th, 2014

After ending down for two straight days, U.S. stocks finally rebounded and ended the day in the green. The Fed recently released the minutes from its June 17-18 meeting. The minutes revealed that the Federal Reserve is leaning towards ending economic stimulus in October, showing that the Fed is very confident in the future of
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Calpine (CPN) Up on Bond Sale to Lower Interest Costs, Reduce Restrictions

July 9th, 2014

Shares of Houston, Texas, based Calpine Corp. (CPN) rose on Tuesday as stocks suffered a broad loss overall. Calpine Corp.’s stock was up 4.25%, rising $.97, to close at $23.81, on volume of 7,332,358 shares. The company announced the pending sale of $2.8 billion of unsecured bonds that will lower its interest costs, while removing
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Gas Prices in 2014 May Have Peaked; Alcoa Tops Earning Expectations by 50%

July 8th, 2014

Stocks further retreated today and the Dow Jones even closed the day below 17,000. U.S. consumers paid the highest gas prices for Fourth of July since 2008, but it looks like gas prices for the year may have peaked. Oil is trading down 19 cents today to $103.34 a barrel, experiencing its eight-straight daily drop.
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Macquarie Infrastructure (MIC) to Acquire Remainder of International-Matex for $1.025B

July 8th, 2014

Shares of Macquarie Infrastructure Company LLC (MIC) were up +3.28 or +5.36 percent to $64.45 per share in pre-market trading early this morning, after the company announced late yesterday two public offerings in order to pay for the remaining interest it does not already own in International-Matex Tank Terminals or IMTT. Macquarie Infrastructure stock closed
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USEC Stock Experiences Volatile Week; Stocks Retreat After Holiday Weekend

July 7th, 2014

Stocks retreat from the record highs set before the holiday weekend. Today the chief of the International Monetary Fund predicted that the global economy will improve and grow over the next year and a half, just not at the speed previously expected. As the bull market continues, investors are expecting U.S. companies to deliver sizable
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Archer Daniels Midland (ADM) to Buy WILD Flavors for $3.0B

July 7th, 2014

Shares of Archer Daniels Midland Company (ADM) closed up +0.45 or +0.99 percent to $45.77 per share on Thursday, after the company was rumored to be in talks to acquire Swiss based WILD Flavors. This morning, the company formally announced the acquisition of WILD Flavors in a deal valued at over $3.0 billion. Founded in
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Positive Jobs Report Pushes Dow Above 17,000

July 3rd, 2014

After much anticipation the Dow Jones finally closed the day above 17,000. A couple of stocks led the Dow to reaching this milestone, Caterpillar (CAT) is up 22.3% in 2014, Intel (INTC) is up 20.0%, and Merck (MRK) is up 18.3%, just to name a few. June’s job report was released today and showed that
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Amazon (AMZN) to Fight FTC on In App Purchases

July 3rd, 2014

Shares of Amazon.com Inc. (AMZN) were trading up +1.04 or +0.31 percent to $333.89 per share in pre-market trading this morning. The company announced yesterday that it would prefer to challenge the Federal Trade Commission or FTC in court, rather than give in to demands by the regulating agency to tighten its policies on children
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281,000 Private-Sector Jobs Added; Fed’s Top Priority is Boosting U.S. Economy

July 2nd, 2014

The Dow Jones and S&P 500 record closes continued today, but the Dow still remains just shy of 17,000. Private businesses added more than 281,000 jobs last month, significantly higher than the estimated 205,000 additions. June’s monthly job gains was the highest reported since November 2012. Janet Yellen spoke today regarding the “spillover” effect that
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Arista Networks (ANET) Up on Favorable Analyst Reports following Quiet Period

July 2nd, 2014

Shares of Santa Clara, California, based Arista Networks Inc. (ANET) rose on Tuesday, in an up day on Wall Street overall. Arista’s stock was up 21.81%, rising $13.61 per share, to close at $76.00 on volume of 1,660,225 shares. The stock emerged from its mandatory “quiet period”

Manufacturing Index Fell Slightly in June; Stocks Off to a Strong Q3 Start

July 1st, 2014

All three U.S. stock indices started off the second half of the year in the green, with the S&P 500 and Nasdaq closing at record highs. Manufacturing index unexpectedly fell last month from 55.4 to 55.3, while experts expecting an increase to 55.8. On the bright side manufacturing expanded for the 13th straight month, but
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Five Stocks to Watch in July

July 1st, 2014

The U.S. stock market continued its relentless climb in June, making it another record breaking month. The Dow Jones Industrial Average hit an all-time high of 16, 978.02 on June 24th, while the S&P 500 made new all time highs 16 times in the second quarter and set a new record closing at 1,962.87 on
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Stocks Post Strong Q2 Gains; GM Recalls 8.4 Million Vehicles

June 30th, 2014

Stocks end Q2 mixed but overall posted strong gains throughout the second quarter. General Motors (GM) announced a recall of nearly 8.4 million vehicles today, mostly for faulty ignition switches. This year so far GM has recalled over 27 million vehicles, which is quickly approaching the 30.8 million industry-wide recall record that was set in
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MannKind Corp. (MNKD) Approved for Inhaled Insulin Treatment

June 30th, 2014

Shares of MannKind Corporation (MNKD) were trading up +1.90 or +19.00 percent to $11.90 per share in pre-market trading Monday morning. Mannkind announced over the weekend that the company had finally gained approval for its inhaled insulin drug AFREZZA from the U.S. Food and Drug Administration or FDA. Mannkind shares closed at $10.00 per share,
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Street Ends Mixed This Week as Consumer Sentiment Brightens (GPRO, NKE)

June 27th, 2014

Weekly Wrap Up The US markets were able to close higher on Friday, but both the SP 500 and Dow Jones ended lower for the week. Nasdaq saw its second consecutive weekly gain. Consumer sentiment reportedly rose this month to a reading of 82.5 for June, driven by auto sales. On Wednesday it was announced
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U.S. Stocks Rally; Michaels (MIK) Goes Public

June 27th, 2014

Following earlier reports of a slowing economic growth and consumer spending, U.S. stocks stalled but ended higher on Friday. Michaels (MIK) went public today after the company had been taken private by Bain and Blackstone (BX) back in 2006. However, this IPO had a modest day and shares largely traded flat. Nike (NKE) was one of
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GoPro (GPRO) Stock Surges after Initial Public Offering

June 27th, 2014

Shares of GoPro Inc. (GPRO) were trading up +0.76 or +2.43 percent to $32.10 per share in pre-market trading Friday morning, after the companyí

Stocks Dip on Fed Comments; Consumer Spending Weak for May (NKE, ZU)

June 26th, 2014

Wall Street ended on Thursday slightly lower after several economic and corporate reports disappointed investors. Despite the drop for the S&P, this is only the third loss for the index in 10 trading days. The government announced that unemployment claims dropped last week, a good sign for the economy, but also announced that consumer spending
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Iron Mountain (IRM) Soars After Board Approves Conversion to REIT

June 26th, 2014

Shares of Iron Mountain Inc. (IRM) were trading up +6.94 or +23.31 percent to $36.71 per share in pre-market trading Thursday morning, after the company announced yesterday that its board had unanimously approved the companyâ s conversion into a real estate investment trust or REIT. The conversion is for the companyâ s fiscal 2014 year,
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