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Market Commentary

Cubist Pharmaceuticals (CBST) to be Acquired by Merck in $9.5B Deal

December 8th, 2014

Shares of Cubist Pharmaceuticals Inc. (CBST) were up +26.66 or +35.85 percent to $101.02 per share in this morning’s premarket, after news broke late Friday that the company was in acquisition talks with Merck & Co. (MRK). The deal, which was just announced this morning, could be worth as much as $9.5 billion. Cubist stock
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Stocks Push Further Into Record Territory on Better-Than-Expected Jobs Report

December 5th, 2014

Weekly Wrap Up Hiring was the theme of November as employers blew past the most optimistic expectations and added 321,000 jobs. The unemployment rate also remained unchanged at 5.8% as 70% of U.S. industries added jobs last month. The much better-than-expected jobs report sent stocks soaring into record territory. The Dow Jones even finished the
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321,000 Jobs Added in November; Dow Finishes Just Below 18,000

December 5th, 2014

The Dow Jones falls just short of reaching 18,000, ending the day at 17,958. 321,000 jobs were added in November, blowing past even the most optimistic expectations. The release of the jobs report puts 2014 on track to become the best year for job growth this century. The unemployment rate remained unchanged at 5.8% as
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The Gap (GPS) Same Store Sales Rise Six Percent

December 5th, 2014

Shares of The Gap Inc. (GPS) were trading up +1.44 or +3.55 percent to $42.00 per share in this morning’s premarket, after the company announced that November same store sales had risen six percent compared to a year earlier. Analysts expected a -1.4 percent decline. Gap stock closed at $40.56 per share, down -0.04 or
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Starbucks Shares Near All-Time High; S&P 500 Up 12% in 2014

December 4th, 2014

Despite ending the day in the red, stocks are still on track to make strong gains in 2014. The S&P 500 is up 12% in 2014 alone. Starbucks (SBUX) shares approached all time-highs today after unveiling their ambitious 5-year growth plan. The coffee chain plans on adding additional stores, increasing menu offerings and offering alcoholic
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Best Buy (BBY) to Sell its Five Star China Business

December 4th, 2014

Shares of Best Buy Co. Inc. (BBY), were trading up +0.65 or +1.80 percent to $36.69 per share in Thursday’s premarket, after the company announced early this morning that it would be selling its Five Star business in China for an undisclosed amount. According to Best Buy, the sale will have little impact on the
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Dow Closes Above 17,900 for the First Time; 208,000 Jobs Added by Private Sector in November

December 3rd, 2014

Stocks climbed further today as the Dow Jones and S&P 500 notched all-time closing highs. The Dow Jones even closed above 17,900 for the first time ever today. Stocks rose as reports were released regarding steady job growth and other positive economic news. The U.S. private sector added 208,000 jobs in November, missing the estimated
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Shoe Carnival (SCVL) Up on Higher Third Quarter Earnings

December 3rd, 2014

Shares of Evansville, Indiana, based Shoe Carnival Inc. (SCVL) rose sharply on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $3.75 per share, or 19.11%, to close at $23.37 on volume of 487,327 shares. After the close of the markets on Monday night, the company announced that
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Dow Soars to 32nd Record Close of 2014; CEOs Trimming 2015 Forecasts

December 2nd, 2014

After falling yesterday, stocks recovered today as the Dow soared 102 points to close at its 32nd record finish of the year. Nasdaq and the S&P 500 also finished in the green today. The nation’s top CEOs trimmed their 2015 forecasts today in regards to capital spending and sales, but increased their hiring plans over
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Five Stocks to Watch in December

December 2nd, 2014

The U.S. stock market continued gaining in November, making new all-time highs again last month. The Dow Jones Industrial Average closed at 17,828.24 on Friday, ending the month up +2.3 percent, the S&P 500 index gained +2.7 percent to close at 2072.83, while the tech laden Nasdaq Composite index closed at 4,791.63 gaining +3.2 percent
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Will the ‘Santa Rally’ Return This December?

December 1st, 2014

After a strong November, December starts off on a low note as the U.S. stock indexes end the day in the red. Many investors are expecting a ‘Santa rally’ this month as consumers will have more income on hand if gas prices remain low. December is historically known as an investor-friendly month and has been
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Dalian Wanda Group to Buy Stake in Lions Gate Entertainment (LGF)

December 1st, 2014

Shares of Lions Gate Entertainment Corp. (LGF) were up +1.10 or +3.24 percent to $35.00 per share in Monday’s premarket trading, after news that Chinese conglomerate, the Dalian Wanda Group confirmed it was in talks with Lions Gate about acquiring a stake in the company. Lions Gate Entertainment Corp. closed at $33.90 per share, up
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U.S. Unemployment Claims Top 300,000; Record Closes Continue

November 26th, 2014

The Dow Jones and S&P 500 set new closing highs the day before the U.S. stock market will be closed for Thanksgiving. U.S. unemployment benefit claims jumped up above 300,00 for the first time in almost three months. The biggest shopping day of the year is quickly approaching. More stores than ever are opening on
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The Habit Restaurants (HABT) Slides on Post-IPO Euphoria

November 26th, 2014

Shares of Irvine, California based The Habit Restaurants, Inc. (HABT) fell on Tuesday, against the backdrop of a mixed market on Wall Street overall. The stock was down $4.54 per share, falling 13.16% to close at $29.95, on volume of 2,321,576 shares. The decline was a pullback from a strong rise in the stock since
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Apple Valued at $700 Billion; U.S. Economy Grew 3.9% in Q3

November 25th, 2014

Stocks end mixed today on a relatively quite day. Today, Apple (AAPL) became the first company ever to be valued at $700 billion. Apple’s shares were trading as high as $119.75, giving the tech company a value of nearly $707 billion. The company has now surpassed analyst’s 18-month price target of $118.88 a share. U.S.
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Tiffany (TIF) Stock Rallies on Third Quarter Earnings

November 25th, 2014

Shares of Tiffany & Co. (TIF) were trading up +2.18 or +2.08 percent to $107.19 per share in Tuesday’s premarket, after the company reported slightly lower than expected third quarter earnings and downwardly revised its outlook for sales for the company’s full fiscal year. Tiffany & Co. stock closed at $105.01, up +1.10 or +1.06
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Verizon Hopes to Entice Cord-Cutters; Dow and S&P 500 Close at New Record Highs

November 24th, 2014

The Dow Jones and S&P 500′s winning streak continued as both stock indexes closed the day with new record highs. Wall Street is hoping that the momentum will continue into this shortened holiday week. Verizon (VZ) is offering a new TV and internet package in hopes of enticing cord cutters. For only $59.99 a month,
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Platinum Underwriters (PTP) to be Acquired by RenaissanceRe Holdings in $1.9B Deal

November 24th, 2014

Shares of Platinum Underwriters Holdings Ltd. (PTP) were up +11.98 or +19.55 percent to $73.25 per share in Monday premarket trading, after news that the company had entered into a definitive agreement to be taken over by RenaissanceRe Holdings Ltd (RNR). Platinum Underwriters’ stock closed at $61.27, up +0.01 or +0.02 percent in Friday’s regular
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U.S. Stocks Post Fifth Straight Week of Gains

November 21st, 2014

Weekly Wrap Up The strong week for U.S. stocks wrapped up with the Dow Jones and S&P 500 ending at new record closes on Friday. Even Nasdaq is pushing closer to it’s record high, that hasn’t been achieved in over 14 years. The minutes from the Fed’s October meeting was released this week and showed
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Global Stimulus is Stimulating the Market; Nasdaq Continues to Edge Closer to 5000

November 21st, 2014

Stocks continue to push higher into record territory as the Dow Jones and S&P 500 finish yet again at record highs. With these new record highs, the U.S. stock market was poised to achieve a fifth straight week of stock gains. Overall, global markets all performed well today after central bankers from China and Europe
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