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Market Commentary

Walmart Exceeds Wall Street’s Expectations; Oil Prices Fall Below $75 a Barrel

November 13th, 2014

Stocks end the day slightly up after experiencing a roller coaster of a day. The Dow also managed to squeak out another record close while the S&P 500 fell short. Stocks can thank Walmart (WMT) for ending slightly higher as the nation’s largest retailer released a better-than-expected expected earnings report. Crude oil prices continue to
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DreamWorks (DWA) in Acquisition Talks with Hasbro

November 13th, 2014

Shares of DreamWorks Animation SKG Inc. (DWA) were trading up +4.76 or +21.28 percent to $27.13 per share in Thursday’s premarket, after news that the company was in early talks with Hasbro Inc. (HAS) for the toymaker to take over the animation studio. DreamWorks stock closed at $22.37, up +0.34 or +1.54 percent in Wednesday’s
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Six Banks Fined $4.3B in Foreign Exchange Probe; AT&T Halts Internet Expansion

November 12th, 2014

Stocks retreat from record closes as stocks closed mostly lower. The Dow Jones and S&P 500 also broke their 6-day winning streak today. Stocks ended lower after six major banks were fined $4.3 billion in a foreign exchange probe, these banks are JPMorgan Chase (JPM), Citigroup (C), HSBC (HBC), Royal Bank of Scotland (RBS), UBS
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Wayfair (W) Falls on Widening Net Losses – Despite Higher Revenues

November 12th, 2014

Shares of Boston, Massachusetts based Wayfair Inc. (W) fell sharply on Tuesday amid a strong advance in stocks across the board. Wayfair’s stock fell 15.80%, sinking $4.44 per share, to close at $23.66 on volume of 2,331,513 shares. The company reported widening losses against substantially higher revenues for the third quarter, compared to the same
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Stocks Continue to End Higher After Narrowly Missing a Correction in October

November 11th, 2014

Stocks slightly rose today, bumping the Dow Jones and S&P 500 to yet another record close. The stock market showed improvement today while the bond market was closed in observance of Veteran’s Day. Strategists believe that the stocks will likely move “sideways to up” for the rest of the year. Overall the stock market seems
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LightInTheBox (LITB) Forms Strategic Partnership with Baidu Dianxin

November 11th, 2014

Shares of the LightinTheBox Holding Co. Ltd. (LITB) were up +1.16 or +15.38 percent in Tuesday’s premarket after announcing a strategic deal with Baidu Dianxin. The deal with the wholly owned subsidiary of Baidu Inc. (BIDU) will explore global market opportunities. LightinTheBox stock closed at $7.54, up +0.64 or +9.28 percent in Monday’s regular trading
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FireEye Discovers Security Flaw in Apple’s Operating Software; Stocks Push Further into Record Territory

November 10th, 2014

The Dow Jones and the S&P 500 pushed further into record territory today, with the two stock indices closing at yet another record high. Stocks continue to push higher on signs that the U.S. economy continues to improve and as corporate earnings reports continue to reveal better-than-expected results. Apple’s (AAPL) stock fell today after FireEye
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WhiteWave Foods (WWAV) Stock Up on Third Quarter Earnings Results

November 10th, 2014

Shares of the WhiteWave Food Company (WWAV) were up +1.07 or +2.90 percent to $38.00 per share in premarket trading on Monday, after the company announced it had beaten expectations for third quarter earnings by a penny per share early this morning. WhiteWave Foods stock closed at $36.93 per share, down -0.53 or -1.41 percent
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Record Closes for Dow Jones & S&P 500 Highlight the Week

November 7th, 2014

Weekly Wrap Up Record finishes for the Dow Jones and S&P 500 continued this week as the two stock indexes closed on Friday with their 22nd and 38th record closes of the year. November has begun on a high note but only time will tell if this November will live up to its market-friendly reputation.
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Jobless Rate Falls to 5.8% as 214,000 Jobs Were Added in October

November 7th, 2014

The Dow Jones and S&P 500 yet again eke out record closes to end the day. The Dow and S&P 500 ended the day slightly up despite the announcement that the number of new jobs missed expectations. The unemployment rate fell from 5.9% to 5.8% in October, hitting its lowest level since July 2008. Only
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Salix Pharmaceuticals (SLXP) Stock Pummeled on Earnings, Guidance

November 7th, 2014

Shares of the Salix Pharmaceuticals Inc. (SLXP) were down -50.80 or -36.67 percent to $87.75 per share in Friday’s premarket after the company announced lower than expected earnings and lowered its full year forecast yesterday after the market close. Salix Pharmaceutical stock closed at $138.55, off -0.95 or -0.68 percent in Thursday’s regular trading session.
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Jobless Claims Fall to a 14-Year Low; Twitter’s Disappointing First Year

November 6th, 2014

The Dow Jones and S&P 500 soared further into record territory today, both finishing at yet another record high. The boost came after news that the European Central Bank is looking to an economic stimulus. U.S. jobless claims fell last week to 279,000, the four-week moving average hit its lowest level since April 2000. This
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Sierra Wireless (SWIR) Stock Up on Better than Expected 3Q Earnings

November 6th, 2014

Shares of the Sierra Wireless Inc. (SWIR) were trading up +5.46 or +20.57 percent to $32.00 per share in Thursday’s premarket after the company announced better than expected results for the company fiscal third quarter. Sierra Wireless stock closed at $26.54, down -1.28 or -4.60 percent in Wednesday’s regular trading session. Richmond, British Columbia, Canada
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Dow Jones and S&P 500 Close at Record Highs

November 5th, 2014

The Dow Jones and S&P 500 finished in record territory toady after the Republican party took over control of the Senate for the first time in 8 years. Investors are responding positively to the change is the legislative branch as they are hoping for for a more business-friendly approach to taxes and regulations. Telsa’s (TSLA)
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Red Robin Gourmet Burgers (RRGB) Surges On Higher Revenue

November 5th, 2014

Shares of Greenwood, Colorado, based Red Robin Gourmet Burgers, Inc. (RRGB) rose sharply on Tuesday, on a mixed day on Wall Street. The stock was up 15.54%, or $8.53 per share, to close at $63.42. The bounce took place on volume of 1,129,268 shares - more than three times its normal volume. The company reported that revenues
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Crude Oil Hits 3-Year Low; U.S. Trade Deficit Rose in to $43B in September

November 4th, 2014

Stocks end the day mixed as crude oil prices dip to a 3-year low. Crude oil prices fell as low as $75.84 a barrel today, down almost 30% from its June high of nearly $108 a barrel. U.S. oil giants such as Exxon-Mobil (XOM) and Chevron (CVX) were trading just slightly lower, down 0.74% and
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Five Stocks to Watch in November

November 4th, 2014

The U.S. stock market resumed its rally last month after declining in September, hitting new record highs to close the month of October. The market recovered significantly after dropping eight percent at the beginning of the month in the wake of a surprise increase in stimulus measures by the Bank of Japan announced last week.
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Will November’s Market-Friendly Reputation Continue in 2014?

November 3rd, 2014

Stocks retreat from record highs achieved on Friday as the stock market concludes its first day in November. November has a market-friendly reputation and historically is the Dow’s second-best performing month. Investors seem to be anxiously awaiting the midterm congressional vote to see if Republicans will take back the senate; a Republican-led congress with a
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Sapient (SAPE) to be Acquired by Publicis Group

November 3rd, 2014

Shares of the Sapient Corporation (SAPE) were up +7.21 or +41.63 percent to $24.53 per share in Monday’s premarket after the company announced early this morning that it will be taken over by the French advertising giant Publicis Groupe. Sapient Corporation stock closed at $17.32, up +0.47 or +2.79 percent in Friday’s regular trading session.
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Record Closes & The Feds Announcement Highlight the Week

October 31st, 2014

Weekly Wrap Up A roller coaster month for stocks ends on a high note as the Dow Jones and S&P 500 close out October with record highs. This week the Fed announced that they would be putting an end to their bond buying program that began in 2008. The Fed believes that the program has
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