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Market Commentary

Dow Jones Drops 267 Points; Family Dollar Closing 370 Stores

April 10th, 2014

After a solid recovery yesterday, the stocks plummeted today. The Dow Jones dropped more than 250 points and Nasdaq closed down 3.1%. Investors believe that the Nasdaq selloff should be a cause for concern in the near future. Citing falling sales and poor winter weather, Family Dollar (FDO) announced plans to cut jobs, close approximately
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Tesla (TSLA) to Begin Sales in China

April 10th, 2014

Shares of Tesla Motors Inc. (TSLA) closed up +1.47 or +0.68 percent to $216.93 per share on Wednesday in active trading. The company announced late yesterday that it would begin selling its luxury sedans in China. Tesla co-founder, Elon Musk will travel to China to personally initiate the program. Tesla’s entry into the Chinese market
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The Fed Releases March Minutes; Toyota Recalls 6.4 Million Vehicles Worldwide

April 9th, 2014

The Federal Reserve released the minutes from their mid-March meeting which showed that the overwhelming majority of its members believed that they should wait until 2015 or later to increase short-term interest rates. This news sent stocks soaring, especially the Dow Jones which rose 181 points on the day. Toyota (TM) is trying to avoid
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Ctrip.com International (CTRP) Up on Acquisition Rumors

April 9th, 2014

Shares of Shanghai, China, based Ctrip.com International LTD (CTRP) were up on Tuesday, rising $5.23 per share, or 10.41%, to close at $55.48 on volume of 6,590,410 shares. The company has been the subject of takeover rumors, by Qunar Cayman Islands (QUNR), which is a division of Baidu (BIDU), China’s largest internet search firm. Ctrip.com
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Tech Stocks Bounce Back; Stocks End Up After 3 Day Slump

April 8th, 2014

After ending down for three straight days, the U.S. stocks end the trading day in the green. The turnaround is due to tech stocks bouncing back with a vengeance. In response to the continual decline in soda sales, Pepsi (PEP) has announced plans to release three new products this summer. Pepsi unveiled their plans to
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Gigamon (GIMO) Shares Sink After Outlook Cut

April 8th, 2014

Shares of Gigamon Inc. (GIMO) were off -6.44 or -24.58 percent to $19.76 per share in pre-market trading on Tuesday, after the company announced late yesterday a reduction in its outlook on revenue for the quarter ended March 29th. Gigamon stock closed at $26.20 per share, down -0.22 or -0.83 percent in Monday’s regular trading
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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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