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Market Commentary

Record Closes for Dow Jones & S&P 500 Highlight the Week

November 7th, 2014

Weekly Wrap Up Record finishes for the Dow Jones and S&P 500 continued this week as the two stock indexes closed on Friday with their 22nd and 38th record closes of the year. November has begun on a high note but only time will tell if this November will live up to its market-friendly reputation.
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Jobless Rate Falls to 5.8% as 214,000 Jobs Were Added in October

November 7th, 2014

The Dow Jones and S&P 500 yet again eke out record closes to end the day. The Dow and S&P 500 ended the day slightly up despite the announcement that the number of new jobs missed expectations. The unemployment rate fell from 5.9% to 5.8% in October, hitting its lowest level since July 2008. Only
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Salix Pharmaceuticals (SLXP) Stock Pummeled on Earnings, Guidance

November 7th, 2014

Shares of the Salix Pharmaceuticals Inc. (SLXP) were down -50.80 or -36.67 percent to $87.75 per share in Friday’s premarket after the company announced lower than expected earnings and lowered its full year forecast yesterday after the market close. Salix Pharmaceutical stock closed at $138.55, off -0.95 or -0.68 percent in Thursday’s regular trading session.
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Jobless Claims Fall to a 14-Year Low; Twitter’s Disappointing First Year

November 6th, 2014

The Dow Jones and S&P 500 soared further into record territory today, both finishing at yet another record high. The boost came after news that the European Central Bank is looking to an economic stimulus. U.S. jobless claims fell last week to 279,000, the four-week moving average hit its lowest level since April 2000. This
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Sierra Wireless (SWIR) Stock Up on Better than Expected 3Q Earnings

November 6th, 2014

Shares of the Sierra Wireless Inc. (SWIR) were trading up +5.46 or +20.57 percent to $32.00 per share in Thursday’s premarket after the company announced better than expected results for the company fiscal third quarter. Sierra Wireless stock closed at $26.54, down -1.28 or -4.60 percent in Wednesday’s regular trading session. Richmond, British Columbia, Canada
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Dow Jones and S&P 500 Close at Record Highs

November 5th, 2014

The Dow Jones and S&P 500 finished in record territory toady after the Republican party took over control of the Senate for the first time in 8 years. Investors are responding positively to the change is the legislative branch as they are hoping for for a more business-friendly approach to taxes and regulations. Telsa’s (TSLA)
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Red Robin Gourmet Burgers (RRGB) Surges On Higher Revenue

November 5th, 2014

Shares of Greenwood, Colorado, based Red Robin Gourmet Burgers, Inc. (RRGB) rose sharply on Tuesday, on a mixed day on Wall Street. The stock was up 15.54%, or $8.53 per share, to close at $63.42. The bounce took place on volume of 1,129,268 shares - more than three times its normal volume. The company reported that revenues
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Crude Oil Hits 3-Year Low; U.S. Trade Deficit Rose in to $43B in September

November 4th, 2014

Stocks end the day mixed as crude oil prices dip to a 3-year low. Crude oil prices fell as low as $75.84 a barrel today, down almost 30% from its June high of nearly $108 a barrel. U.S. oil giants such as Exxon-Mobil (XOM) and Chevron (CVX) were trading just slightly lower, down 0.74% and
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Five Stocks to Watch in November

November 4th, 2014

The U.S. stock market resumed its rally last month after declining in September, hitting new record highs to close the month of October. The market recovered significantly after dropping eight percent at the beginning of the month in the wake of a surprise increase in stimulus measures by the Bank of Japan announced last week.
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Will November’s Market-Friendly Reputation Continue in 2014?

November 3rd, 2014

Stocks retreat from record highs achieved on Friday as the stock market concludes its first day in November. November has a market-friendly reputation and historically is the Dow’s second-best performing month. Investors seem to be anxiously awaiting the midterm congressional vote to see if Republicans will take back the senate; a Republican-led congress with a
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Sapient (SAPE) to be Acquired by Publicis Group

November 3rd, 2014

Shares of the Sapient Corporation (SAPE) were up +7.21 or +41.63 percent to $24.53 per share in Monday’s premarket after the company announced early this morning that it will be taken over by the French advertising giant Publicis Groupe. Sapient Corporation stock closed at $17.32, up +0.47 or +2.79 percent in Friday’s regular trading session.
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Record Closes & The Feds Announcement Highlight the Week

October 31st, 2014

Weekly Wrap Up A roller coaster month for stocks ends on a high note as the Dow Jones and S&P 500 close out October with record highs. This week the Fed announced that they would be putting an end to their bond buying program that began in 2008. The Fed believes that the program has
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Dow Jones and S&P 500 End October With Record Highs

October 31st, 2014

October is typically known for its market crashes, but this year the month ended with stocks at record highs. The Dow Jones and S&P 500 closed out the day at record highs, while Nasdaq climbed as high as 4641.51 in early trading, its highest level in over 14 years. Global stocks reacted positively to Japan’s
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Citigroup (C) Downwardly Adjusts Third Quarter Earnings

October 31st, 2014

Shares of Citigroup Inc. (C) were trading down -0.75 or -1.41 percent to $52.40 per share in pre-market trading on Friday, after the company announced it was downwardly adjusting its third quarter earnings due to increased legal costs. Citigroup stock closed at $53.15 per share, up +0.51 or +0.97 percent in Thursday’s regular trading session.
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Dow Gains 221 Points Thanks to Visa Surging 10.5%

October 30th, 2014

Stocks end the day in the green. Dow partially owes its 221 point gain to Visa (V), who surged 10.5% today after posting a better-than-expected quarterly earnings report. Visa posted a Q3 EPS of $2.18, slightly above the $2.10 forecast. The U.S. economy grew much faster than expected in Q3. GDP expanded at a seasonally
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Lakeland Industries (LAKE) Stock Up on Ebola Suit Demand

October 30th, 2014

Shares of Lakeland Industries Inc. (LAKE) were up +4.11 or +35.49 percent to $15.69 per share in Thursday’s premarket, after the company released an update to its business activities following the stock market close yesterday. Lakeland Industries stock closed at $11.58, down -0.66 or -5.39 percent in Wednesday’s regular trading session. Ronkonkoma, New York based
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Fed Ends Bond Buying Program, Pledges to Keep Interest Rates Low

October 29th, 2014

Stocks end the day down after the Fed announced that they would end the bond buying program. Despite recent global economic troubles and continual volatility in the stock market the Fed has decided to end the bond purchasing program that began in 2008. The Federal Reserve believes that the bond buying program has greatly supported
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VASCO Data Security International (VDSI) Jumps As Earnings Beat Expectations

October 29th, 2014

Shares of Oakbrook Terrace, Illinois, based VASCO Data Security International (VDSI) rose sharply on Tuesday, against the backdrop of a strong day in stocks overall. VASCO’s stock was up 29.74%, rising $5.44 per share, to close at $23.73 on volume of 4,424,429 shares. The security software company beat analysts estimates for both revenue and net
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Facebook Beats Estimates for 6th Straight Quarter; Dow Finishes Above 17,000

October 28th, 2014

All 3 main U.S. stocks indices ended the day in the green, with the Dow Jones closing above 17,00 for the first time in weeks. Nasdaq surged 1.7% after speculation of a possible partnership between Apple (AAPL) and Alibaba (BABA). Both companies benefited from the speculation, as Alibaba closed the day up 1.4%, while Apple
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Twitter (TWTR) Stock Down Sharply on Third Quarter Earnings

October 28th, 2014

Shares of Twitter Inc. (TWTR) were trading down -6.66 or -13.71 percent to $41.90 per share in Tuesday’s premarket after the company announced third quarter earnings after the close yesterday. While the company met or beat analyst expectations for earnings, user growth expectations fell slightly below analyst forecasts. Twitter stock closed at $48.56, off -1.39
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