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Market Commentary

U.S. Stock Indexes Down 2% in 2015; Retail Sales Down 0.9% in December

January 14th, 2015

Stocks end the day down after a disappointing reading on December retail sales and multiple profit misses from earnings reports. Consumer purchases fell 0.9% in December when economists were expecting a 0.1% increase, this decrease was lead by gas station sales which was down 6.5% due to a drastic drop in pump prices. The Fed
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KB Home (KBH) Falls After Missing Fourth Quarter Profit Forecast

January 14th, 2015

Shares of Los Angeles, CA, based KB Home (KBH) fell on Tuesday, against the backdrop of a mildly lower day in stocks overall. The company’s stock was down 16.29%, falling $2.70 per share to close at 13.87, on volume of 35,014,762 shares. The company reported that its fourth quarter earnings missed expectations, and that demand
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GoPro Shares Fall 12%; Aetna Raises Its Minimum Wage to $16

January 13th, 2015

The rebound today was short-lived as U.S. stocks ended the day in the red. The Dow had a 280-point gain earlier in the day, but that completely evaporated showing how volatile the stock market has been so far in 2015. GoPro’s (GPRO) shares fell drastically today after Apple (AAPL) was awarded a patent for a
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ChannelAdvisor (ECOM) Stock Dives on Revenue Miss

January 13th, 2015

Shares of ChannelAdvisor Corp. (ECOM) were off -8.00 or -37.83 percent to $13.15 per share in this morning’s premarket, after the company warned shareholders yesterday that the company would not meet its revenue guidance for the fourth quarter. ChannelAdvisor stock closed at $21.15 per share, off -0.60 or -2.76 percent in Monday’s regular trading session.
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Crude Oil Falls 5%, Down to $45.85 a Barrel

January 12th, 2015

U.S. stocks continue their downward spiral, in sync will crude oil’s downward trend. Crude oil fell an additional 5%, down to $45.85 a barrel – a 6 year low. One Saudi Arabian prince even said that he doesn’t believe oil will ever return to $100 a barrel due to falling demand and excess supply. Investors
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Roche to Acquire Majority Interest in Foundation Medicine (FMI)

January 12th, 2015

Shares of Foundation Medicine Inc. (FMI) were trading up +25.81 or +107.86 percent to $49.74 per share in Monday’s premarket, after news late last night that Roche Holdings AG would be buying a majority interest in the company. Foundation Medicine stock closed at $23.93 per share, up +0.78 or +3.37 percent in Friday’s regular trading
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Stocks in the Red for 2015

January 9th, 2015

Weekly Wrap Up U.S. stocks made great strides this week to recoup its recent losses on Thursday, but fell further on Friday. U.S. stock indexes are now in the red in 2015 despite a better-than-expected jobs report being released on Friday. 252,000 jobs were added in December and the unemployment rate fell to 5.6%, a
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252,000 Jobs Added in December as Unemployment Rate Falls to 5.6%

January 9th, 2015

U.S. stock indexes end the week in the red and are now back in the red for 2015 despite a better-than-expected jobs report. 2014 ended as the best year for hiring in 15 years with healthy gains in December. 252,000 jobs were added last month as the unemployment rate fell to 5.6%, a six-year low.
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Bed Bath and Beyond (BBBY) Stock Off on Sales Miss

January 9th, 2015

Shares of Bed Bath and Beyond Inc. (BBBY) were trading down -3.45 or -4.34 percent to $76.00 per share in Friday’s premarket, after the company released its third quarter earnings late yesterday. Bed Bath and Beyond stock closed at $79.45 per share, up +1.24 or +1.59 percent in Thursday’s regular trading session. Union, New Jersey
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J.C. Penney To Close 40 Stores; Dow Erases 2015 Losses

January 8th, 2015

Stocks have achieved a much needed rebound as the Dow surged 322 points today, erasing the Dow’s recent losses in 2015. All three main U.S. stock indexes are now positive in 2015 as investors are welcoming stabilizing oil prices. Multiple companies announced their layoff plans for 2015. Despite their better-than-expected holiday shopping season, J.C. Penney
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GW Pharmaceuticals (GWPH) Stock Lower After Results of First Sativex Phase 3 Trials

January 8th, 2015

Shares of GW Pharmaceuticals plc (GWPH) were trading down -9.50 or -13.36 percent to $61.56 per share in this morning’s premarket, after the company announced early this morning the results of the first of three its investigational product, Sativex in Phase 3 trials. The company also released an update on its development program for Epidiolex,
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The Fed Expects A Strong U.S. Economy in 2015

January 7th, 2015

Stocks finally recover after ending in the red for the past 5 days. The slow start for stocks is the worst start since 2008 and the S&P 500 has never suffered a loss during the third year of a presidential cycle. The Fed is expecting a strong U.S. economy in 2015 and showed optimism in
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hhgregg (HGG) Falls on Withdrawal of 2015 EBITDA Guidance

January 7th, 2015

Shares of Indianapolis, Indiana, based hhgregg (HGG) fell sharply on Tuesday, against the backdrop of a down day in stocks overall. hhgregg’s stock fell 22.48%, losing $1.63 per share, to close at $5.62, on volume of 1,653,380 shares. The company’s stock began selling off after it announced that it is withdrawing its Fiscal Year 2015 EBITDA
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U.S. Stocks Rebound Short Lived, End the Day Lower

January 6th, 2015

Stocks continue to fall as a close came to the second day of the stock sell-off. The slow start to 2015 has been due to sinking oil prices, political and economic troubles from around the world, and weaker than expected U.S. economic data. The 10-year U.S. bond falls below 2%, hitting a 19-month low. This
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AOL (AOL) in Talks with Verizon

January 6th, 2015

Shares of AOL Inc. (AOL) were trading up +3.51 or +7.85 percent to $48.25 in Tuesday’s premarket, after news broke yesterday after the close of business that the company was in talks with Verizon Communications Inc. (VZN) on a potential takeover or joint venture according to sources knowledgeable on the matter. AOL Inc. stock closed
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Oil Prices Drop Below $50 a Barrel; Dow Plunges Nearly 330 Points

January 5th, 2015

Stocks fell sharply today, especially the Dow which ended the day down about 330 points as oil prices continue to fall which in turn spooks investors. Crude oil is now below $50 a barrel and many analysts are predicting prices to drop even further. Falling oil prices aren’t only negatively effecting the stocks, it is
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Cempra (CEMP) Stock Soars on Solithromycin Results

January 5th, 2015

Shares of Cempra Inc. (CEMP) were trading up +6.60 or +28.83 percent to $29.49 per share in Monday’s premarket. The company announced on January 4th that its lead product, solithromycin, had positive results in clinical trials. Cempra stock closed at $22.89 per share, down -0.62 or -2.64 percent in Friday’s regular trading session. Chapel Hill,
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What’s Ahead in 2015?

January 2nd, 2015

Weekly Wrap Up This week brought the end of one year and the beginning of another year with a roller coaster of a week for stocks. After closing above 18,000 for the first time ever a couple of weeks ago the Dow has yet to return to that milestone. And the S&P 500 hasn’t fared
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Stocks Start The Year Off Mixed – Dow Up, Nasdaq and S&P 500 Down

January 2nd, 2015

U.S. stocks start off the year mixed as the Dow ends the day slightly up, while Nasdaq and the S&P 500 end the day slightly down. The Dow jumped up 100 points early this morning but retreated after two disappointing economic reports were released, construction and manufacturing activity slowed in December. As the new year
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Five Stocks to Watch in 2015

January 2nd, 2015

This year promises to be an interesting one for the U.S. stock market, given the record territory the S&P 500 and the Dow Jones Industrial Average are starting 2015. The Nasdaq index is still shy of its closing high of 5,048.62 made on March 10th, 2000, ending the year at 4,736.05, up +11.81 percent in
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