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Market Commentary

Ford Recalls 435,000 Vehicles; Stocks End Down for Third Straight Day

April 7th, 2014

The stock slump continues as U.S. stocks fall for the third straight day, with Nasdaq falling 1.2%. Ford (F) now joins the automobile recall wave as it announced that it is recalling 435,00 vehicles. Ford has two separate recalls, one to fix rusty frame parts and the other to replace seat back frames that weren’t
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GrubHub (GRUB) Up Over 30 Percent in Initial Public Offering

April 7th, 2014

Shares GrubHub Inc. (GRUB) closed up +8.00 or +30.77 percent to $34.00 per share on Friday, after the company had their initial public offering. The company had priced the offering at $26 per share on Thursday night after an initial range of $23-$26 per share. The stock originally opened up +56 percent at $40.00 per
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March Jobs Report Released; Stocks End the Week Way Down

April 4th, 2014

Weekly Wrap Up Stocks started the week off strong, with the S&P 500 hitting a record high to start off the second quarter on Tuesday. But the U.S. stock indices ended the week significantly down, with Nasdaq falling over 100 points. The March jobs report was released this week showing that the job market continues
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GrubHub Up 42% During IPO Debut; Unemployment Rate Remains Constant

April 4th, 2014

Stocks stumbled today, especially Nasdaq which fell over 100 points on the day. Investors are blaming the fact that the unemployment rate remained constant despite the job market growing by 192,000. Another factor is that a few “momentum” stocks, which include Facebook (FB), Tesla (TSLA), and Amazon (AMZN) shares fell today, possibly signaling that they
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Anadarko (APC) Stock Soars on Toxins Case Settlement

April 4th, 2014

Shares of the Anadarko Petroleum Corporation (APC) closed up +12.55 or +14.51 percent on Thursday, after the company announced a $5.1 billion settlement of a long standing litigation over Tronox Limited (TROX). The settlement of the lawsuit will restore thousands of toxin polluted sites and compensate thousands of people with personal injury claims who were
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Firefox CEO Steps Down, Groupon Returns to TV Advertising

April 3rd, 2014

After hitting intraday records, the Dow & S&P 500 ended the day down, along with Nasdaq. Nearly a quarter of The Star-Ledger’s workforce is being laid off. Around 167 jobs in the corporate offices of New Jersey’s largest daily newspaper are being eliminated in hopes to cut costs. Home prices seem to be leveling off,
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Citigroup (C) Subject of Criminal Inquiry

April 3rd, 2014

Shares of Citigroup Inc. (C) were trading down -0.56 or -1.16 percent to $47.68 per share in pre-market trading on Thursday, after news that the company was the subject of a Federal Bureau of Investigation criminal investigation involving a $400 million fraud from the company’s Mexican unit, Banamex. Citigroup shares closed at $48.24 per share,
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Google’s Stock Split Not Ideal for All Shareholders; Is a Crash on the Horizon?

April 2nd, 2014

Stocks continue to rally and end up for a second straight day as the S&P 500 achieves yet another record close. Investors are worried that there may be a crash similar to what occurred in 1987 on the horizon. Many investors are marveling at the similarities of the bull market today to that of 1987
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United Continental (UAL) Up on Stock Upgrade

April 2nd, 2014

Shares of Chicago, Illinois, based United Continental Holdings Inc. (UAL) rose on Tuesday on a strong day on Wall Street overall. United’s stock was up $2.27 per share to close at $46.90, or up 5.09% per share on volume of 6,537,770 shares. The company’s stock was upgraded from “neutral” to “buy” by a major Wall
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S&P 500 Ends the Day With a Record High to Start Off Q2

April 1st, 2014

The second quarter started off with a bang as the S&P 500 closes the day at an all-time high. The Dow Jones and Nasdaq also posted gains on the day. Many are hoping that this winning start to the second quarter means that the economy will pick-up after faltering during the winter months, partially due
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Five Stocks to Watch in April

April 1st, 2014

March saw the S&P 500 make a new all time high, climbing to 1883.57 on the seventh. The index is up +11.7 percent since early October of 2013. Nevertheless, the Dow Jones Industrial did not make a new high in March, rising +9.8 percent in the same period, while the broader based Russell 2000’s performance
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Stocks End Q1 in the Green; Glitches Found on HealthCare.gov

March 31st, 2014

U.S. stocks ended up on the last day of the first quarter of 2014. Newly appointed General Motor’s (GM) CEO, Mary Barra prepared for a House subcommittee investigation regarding the recent recall of over 2.5 million small cars. She explained to them that while she is currently unable to say why it took years for
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Apple (AAPL) Seeks $2B From Samsung

March 31st, 2014

Shares of Apple Inc. (AAPL) were trading up +3.00 or +0.56 percent to $539.86 per share in pre-market trading on Monday, after news that Apple would be seeking $2 billion in damages from Samsung for infringing on five of its patents used in mobile phones and tablets. Apple stock closed at $536.86, down -0.60 or
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Stocks Continue to Struggle But Traders Remain Positive

March 28th, 2014

Weekly Wrap Up U.S. stock indices overall had a pretty poor week with the exception of Tuesday, where the Dow jumped up nearly 100 points. This year so far, the stocks have not been performing as well as they did last year and speculation continues to the reasoning behind this, whether it is increased risk
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BMW is Expanding SC Plant; Ford CEO Gets 11% Raise

March 28th, 2014

Despite the rocky start to U.S. indices this year, many traders believe that the bull market has not ended and will continue. Out of all the traders surveyed by Charles Schwab, 42% say that they do believe that the bull market will not end until sometime in 2015. This shows that some investors are continuing
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Intel (INTC) Takes Big Stake in Cloudera

March 28th, 2014

Shares of the Intel Corporation (INTC) were up +0.16 or +0.63 percent in pre-market trading on Friday, after the company announced late Thursday that it was making a significant investment in startup Cloudera. While the size of the deal has yet to be announced, the investment by Intel is the largest single investment in data
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Warning Flags are Raised as Stocks Continue to End Down

March 27th, 2014

Stocks end down once again today, with some warning flags being raised. 2013 was the best year on Wall Street since 1997, and 2014 isn’t off to the same great start. There are many different thoughts out there to the reasoning behind the slow start; they range from increased risk aversion in investors to some
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Bank of America (BAC) to Settle with FHFA

March 27th, 2014

Shares of Bank of America Corp. (BAC) were up +0.15 or +0.87 percent to $17.33 per share in pre-market trading on Thursday, after the company announced late yesterday that it would settle litigation over mortgage securities sales with the Federal Housing Finance Agency or FHFA. Bank of America stock closed at $17.18 per share, down
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Candy Crushes IPO Disappoints; Nissan Recalls 1M Vehicles

March 26th, 2014

U.S. stocks close lower today, with Facebook dragging down Nasdaq after it fell 7% on the day. Despite being a heavily awaited stock, King Digital Entertainment (KING) fell 11% in its first day of trading. The maker of the popular Candy Crush app debuted its IPO at $22.50 per share. The automobile recalls continue as
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Power Plug (PLUG) Up on Prospect of Major Deal

March 26th, 2014

Shares of Latham, NY, based Power Plug Inc. (PLUG) surged on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $2.79 per share, or 49.03%, to $8.48, on volume of 135,458,814 shares. The company’s chief executive revealed that the company is close to announcing a major deal in
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