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Market Commentary

Dow Rises 263 Points, Posting 2nd Best Day of 2014

October 17th, 2014

Stocks end day sharply higher as strong earnings reports are being delivered. The rebound rally in Europe also aided in the rally, ending the Dow’s six session losing streak. The 5.6% drop that Wall Street experienced yesterday pales in comparison to many other drops in October, and it didn’t even make the top 10 worst
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Google (GOOG) Reports Lower than Expected Profit on Higher Sales

October 17th, 2014

Shares of Google Inc. (GOOG) were trading down -4.11 or -0.78 percent to $520.40 per share in premarket trading on Friday, after the company reported a small drop in third quarter net income with an increase in sales on Thursday after the closing bell. Google stock closed at $524.51, down -5.52 or -1.04 percent in
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Apple’s Shares Down After iPad Unveiling; Google Falls Short of Wall Street’s Expectations

October 16th, 2014

U.S. stocks end the day mixed with Nasdaq and the S&P 500 ending the day in the green, while the Dow ended the day down only 24 points. Apple (AAPL) unveiled its newest products today, but investors didn’t respond positively. Apple’s stock closed down 1.3% to $96.26. Google’s (GOOG) shares were down as much as
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Netflix (NFLX) Stock Pummeled after Lower Subscription Growth

October 16th, 2014

Shares of Netflix Inc. (NFLX) were down -115.59 or -25.77 percent to $333.00 per share in Thursday’s premarket, after the company announced earnings yesterday following the market close. While earnings were better than expected, revenue and new subscriptions failed to meet analyst forecasts. Netflix stock closed at $448.59 per share, off -0.53 or -0.12 percent
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Dow is Down for 5th Straight Day; Netflix Tumbles 24%

October 15th, 2014

U.S. stocks end the day in the red. Investors were worried late in the day as the Dow was down 460 points, but ended the day down only 173 points. The stocks continued to be dragged down by a slowing global economy, mixed Q3 corporate earnings reports, and fear of the Ebola virus spreading throughout
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Domino’s Pizza (DPZ) Up on Better Than Expected Earnings

October 15th, 2014

Shares of Ann Arbor, Michigan, based Domino’s Pizza, Inc. (DPZ) closed higher on Tuesday, in a market that was flat overall. The stock rose 11.33%, or $8.58 per share, to close at $84.30, on volume of 2,277,245 shares. The company reported third quarter earnings that exceeded analysts expectations, causing the stock price to surge. Founded
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Lakeland Industries Up 274% in 2014; Darden Names Interim CEO

October 14th, 2014

Stocks closed the day mixed after coming under pressure late in the trading day. Lakeland Industries (LAKE) shares are up over 274% this year due to fears of Ebola spreading across the globe. Lakeland Industries makes hazmat suits that many healthcare workers are using to prevent the spread of Ebola. Alpha Pro Tech (APT), the
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JP Morgan Chase (JPM) Swings to Third Quarter Profit

October 14th, 2014

Shares of JP Morgan Chase & Co. (JPM) were down -0.26 or -0.45 percent to $57.90 per share in premarket trading on Tuesday, after the company announced early this morning its third quarter earnings had swung back to a profit. JP Morgan Chase stock closed at $58.16 per share, down -0.36 or -0.62 percent in
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Fiat Chrysler Makes NYSE Debut; GoPro Shares Fall 8%

October 13th, 2014

Stocks fell sharply in late afternoon trading today, adding to the massive losses from last week. Fiat Chrysler (FCAU) made its debut on the NYSE today, opening at $9. Chrysler has not been publicly traded in the United States in over 7 years; when it was last traded it the U.S. the company was known
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iBio (IBIO) Stock Surges in Premarket after Gaining 83% Friday

October 13th, 2014

Shares of iBio Inc. (IBIO) were up +1.13 or +76.87 percent to $2.60 per share in Monday’s premarket after news that the company might have a significant role in increasing the production of the experimental drug against the Ebola virus, ZMapp. Ibio Inc. stock closed at $1.47 per share, up +0.6698 or +83.7 percent in
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Tesla’s Debut Disappoints, Shares Down Nearly 8%

October 10th, 2014

Stocks cap off a roller coaster week down. The Dow couldn’t recover from its whopping loss yesterday and fell an additional 115 points today, losing all of the gains made in 2014. Despite Tesla’s (TSLA) big debut yesterday, showing off a new vehicle, its shares were down as much as 8% during trading today. This drop
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Dow Lost All 2014 Gains This Week

October 10th, 2014

Weekly Wrap Up A bad week for stocks finally ends with the Dow reporting its biggest drop of 2014 on Thursday. The Dow ended the week down 2.7%, while Nasdaq fell a whopping 4.5%. This week also wiped all of the gains made by the Dow Jones Industrial Average in 2014. The Dow ended the
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Tesla Motors (TSLA) Introduces New High Performance Car, Added Safety Features

October 10th, 2014

Shares of Tesla Motors Inc. (TSLA) were off -8.01 or -3.12 percent to $249.00 per share in Friday’s premarket. The company unveiled its new vehicle along with added safety features to its Model S during an open to the public event last night in California. Tesla stock closed at $257.01, down -2.27 or -0.88% in
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Dow Falls 335 Points; Amazon to Open Retail Store in NYC

October 9th, 2014

The Dow fell a whopping 335 points today, posting its biggest drop since a 354 point slide in June of 2013. The S&P 500 and Nasdaq also fell 2% on the day. All 10 of the S&P 500′s industry sectors were down today, with energy stocks being hit particularly hard as crude oil prices continue
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Gap (GPS) Stock Off on October Sales, Announces New CEO

October 9th, 2014

Shares of The Gap Inc. (GPS) were trading down -4.15 or -9.9% to $37.75 per share in premarket trading this morning after the company announced September sales had risen just one percent from the same period one year ago. Also, the Gap named Art Peck to the position of Chief Executive Officer succeeding current CEO,
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Fed’s Minutes Drive Stocks to Rally; Interest Rates to Remain Low

October 8th, 2014

U.S. stocks rebounded today after the Fed’s minutes confirmed that interest rates were to remain low despite the improving job market. The Dow soared 274 points today, completely recovering from its massive loss yesterday to post its biggest gain of the year. The Fed’s September minutes were released this afternoon and showed little change from
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CalAmp (CAMP) Up on Higher Second Quarter Earnings

October 8th, 2014

Shares of Oxnard, California, based CalAmp Corp. (CAMP) rose on Tuesday, defying the sharp sell-off in stocks overall. CalAmp’s stock was up $3.47 per share, or 21.03%, to close at $19.97. The price surge came on volume of 7,722,118 shares, which is about ten times its average daily trading volume. The company reported that second
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IMF Trims Global Growth Forecast; Stocks Suffer One of the Worst Days of 2014

October 7th, 2014

U.S. stocks suffer one of their worst days of 2014 as the Dow falls 273 points and the S&P 500 drops 1.5%. Wall Street seems to be reacting to additional negative economic data out of Europe, specifically continued “softness” out of the region’s biggest economy, Germany. The International Monetary Fund cut its global economic forecast
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Raytheon (RTN) Wins Air Force Radar Contract

October 7th, 2014

Shares of the Raytheon Company (RTN) closed down -0.78 or -0.79 percent to $98.40 Monday on a weak day for the general market yesterday. Shares are trading +0.75 higher in this morning’s premarket after the Pentagon announced on Monday that Raytheon had beat out two other bidders in the development of a new radar system
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HP to Split Into 2 Companies, Expected to Layoff 5,000 Additional Employees

October 6th, 2014

U.S. indexes failed to build on Friday’s rebound and closed the day slightly lower. Hewlett-Packard’s (HPQ) stocks were up 6% after the announcement was made that the 75-year-old company is planning on splitting into two separate companies in hopes to add shareholder value and spur innovation. HP will split be separating its computer and printer
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