Search

Market Commentary

Stocks Bounce Back; Microsoft Announces Layoffs

July 18th, 2014

Weekly Wrap Up Stocks end the week up, bouncing back from ending drastically down on Thursday. The factors that drove the stocks down this week were mainly geopolitical events, including the Malaysia Air crash in Ukraine and the continuing violence in Gaza. This week Janet Yellen stated that she believed that many U.S. stocks were
Read the full article…

GE Matches Earnings Estimates; 401(k)s Rise to New Highs

July 18th, 2014

Stocks bounce back, seemingly ignoring all of the geopolitical tension that has been occurring over the past couple of days. The bull market is sending 401(k) retirement plans soaring to record highs. The average 401(K) balance rose 12.9% to $91,000, with 77% of the growth attributed to the stock market. If the 21st Century Fox
Read the full article…

Ericsson (ERIC) Rallies on Better than Expected Sales, Operating Profit

July 18th, 2014

Shares of Ericsson (ERIC) were trading up +0.92 or +7.87 percent to $12.61 per share in Friday’s pre-market, after the company released its second quarter 2014 earnings. The company beat analyst expectations, reporting a 76 percent rise in second quarter profits. Ericsson stock closed at $11.69, up +0.08 or +0.68 percent in Thursday’s regular trading
Read the full article…

Microsoft to Layoff 18,000; Gold Prices Up 1.5%

July 17th, 2014

The Malaysia Air crash set the Dow back 160 points. Nasdaq and the S&P 500 also ended the day in the red. The rumors that have been flying about a large number of layoffs at Microsoft (MSFT) have been confirmed today. Microsoft will layoff approximately 18,000 employees within the next year, the majority of these
Read the full article…

SanDisk (SNDK) Stock Tumbles on Lower Revenue Forecast

July 17th, 2014

Shares of the SanDisk Corporation (SNDK) dropped -10.13 or -9.39 percent to $97.70 in pre-market trading this morning, after the company announced disappointing earnings despite beating analyst expectations by a small margin. Investors have seen the company significantly beat analyst expectations in the last eight quarters. SanDisk stock closed at $107.83, up +2.27 or +2.15
Read the full article…

Fox Looking to Acquire TWC; Apple & IBM Announce Partnership

July 16th, 2014

The Dow Jones ends at another record close, driven higher by the continual growth in China and heated merger discussions. It appears that Rupert Murdoch, the chairman and CEO of 21st Century Fox, will continue to push to acquire Time Warner (TWC). Time Warner’s shares even ended the day up 17%, despite the fact that
Read the full article…

Rockwood Holdings (ROC) Up on Purchase By Albemarle

July 16th, 2014

Shares of Princeton, New Jersey, based Rockwood Holdings, Inc. (ROC) rose on Tuesday, on a mixed day on Wall Street. Rockwood Holdings stock was up 9.83%, rising $7.44 per share to close at $83.14 on volume of 23,112,334 shares. Specialty chemical conglomerate, Albemarle Corp. (ALB), announced that it will buy Rockwood Holdings in a deal
Read the full article…

Yellen Believes Many Stocks are Overvalued; Microsoft Rumored to Make a Large Number of Layoffs

July 15th, 2014

Stocks end mixed after the chair of the Federal Reserve, Janet Yellen, said that many stocks and assets are currently overvalued. Yellen also told Congress today that the Fed intends to continue to provide support to the U.S. economy since the economic recovery is still not complete. Rumors have been flying that Microsoft (MSFT) will
Read the full article…

Codexis (CDXS) Stock Surges on GlaxoSmithKline Licensing Deal

July 15th, 2014

Shares of Codexis Inc. (CDXS) were up +1.34 or +95.04 percent to $2.75 per share in pre-market trading early this morning, after the company announced late yesterday a platform technology agreement with GlaxoSmithKline (GSK). Codexis Inc. stock closed at $1.41, down -0.04 or -2.76 percent in Monday’s regular trading session. Redwood City, California based Codexis
Read the full article…

Alibaba Files for U.S. IPO; VW to Add 2,000 Jobs in the U.S.

July 14th, 2014

The Dow Jones once again closes the day above 17,000, but fell slightly from its intraday record. It was announced today that China’s Alibaba filed for an IPO in the United States, this IPO may very well be the biggest tech IPO in history. Yahoo (YHOO) is set to make a lot of money off
Read the full article…

URS Corporation (URS) to be Acquired by AECOM Technology

July 14th, 2014

Shares of the URS Corporation (URS) were up +3.08 or +5.92 to $55.10 per share in pre-market trading Monday morning, after AECOM Technology (ACM) announced on Sunday it would be taking over URS in a deal worth $6 billion. URS Corporation stock closed at $52.02 per share, up +1.09 or +2.14 percent in Friday’s regular
Read the full article…

Fed Releases June’s Minutes; AMZN

July 12th, 2014

Weekly Wrap Up After the Dow ended above 17,000 for the first time last week, stocks were mainly down this week. There are many factors that have contributed to the stocks ending down; but the main reasons are the possible spreading of the Portuguese financial crisis throughout Europe and that the chief of the International Monetary
Read the full article…

Amazon Seeks FAA Approval to Test Drones (VRTX, PETM)

July 11th, 2014

(As of 3:45pm) All U.S. stocks are in the green during afternoon trading. Amazon (AMZN) is seeking FAA approval to test 50-mph drones. Amazon believes that Amazon Prime Air will be able to deliver packages to customers in under 30 minutes and hopes to make this prime benefit available to customers worldwide. Old Navy is
Read the full article…

Lorillard (LO) Near Merger with Reynolds American to Sell Assets to Imperial Tobacco

July 11th, 2014

Shares of the Lorillard Tobacco Company (LO) were up +3.41 or +5.40 percent to $66.50 per share in pre-market trading this morning. The stock is up after news early today that revealed Imperial Tobacco had confirmed it was in talks with Lorillard and Reynolds American (RAI) in relation to the acquisition of some of the
Read the full article…

Financial Crisis in Europe Driving Dow Down; FTC Sues Amazon

July 10th, 2014

The possible Portuguese financial crisis may be spreading across the rest of Europe, thus driving the Dow down. If the financial crisis were to spread it would negatively impact all of the work that the the European Central Bank has been doing in recent years to stabilize the European economy. The Federal Trade Commission filed
Read the full article…

Boeing (BA) Forecasts $5.2 Trillion Market for Commercial Jets

July 10th, 2014

Shares of the Boeing Company (BA) were trading down -0.60 or -0.47 percent in pre-market trading this morning, after the company issued a press release forecasting a +4.2 percent increase in worldwide demand for passenger aircraft in the company’s 20-year Current Market Outlook. Boeing stock closed up +0.37 or +0.29 percent to $127.16 per share
Read the full article…

Fed Leaning Towards Ending Stimulus in October; Stocks Rally

July 9th, 2014

After ending down for two straight days, U.S. stocks finally rebounded and ended the day in the green. The Fed recently released the minutes from its June 17-18 meeting. The minutes revealed that the Federal Reserve is leaning towards ending economic stimulus in October, showing that the Fed is very confident in the future of
Read the full article…

Calpine (CPN) Up on Bond Sale to Lower Interest Costs, Reduce Restrictions

July 9th, 2014

Shares of Houston, Texas, based Calpine Corp. (CPN) rose on Tuesday as stocks suffered a broad loss overall. Calpine Corp.’s stock was up 4.25%, rising $.97, to close at $23.81, on volume of 7,332,358 shares. The company announced the pending sale of $2.8 billion of unsecured bonds that will lower its interest costs, while removing
Read the full article…

Gas Prices in 2014 May Have Peaked; Alcoa Tops Earning Expectations by 50%

July 8th, 2014

Stocks further retreated today and the Dow Jones even closed the day below 17,000. U.S. consumers paid the highest gas prices for Fourth of July since 2008, but it looks like gas prices for the year may have peaked. Oil is trading down 19 cents today to $103.34 a barrel, experiencing its eight-straight daily drop.
Read the full article…

Macquarie Infrastructure (MIC) to Acquire Remainder of International-Matex for $1.025B

July 8th, 2014

Shares of Macquarie Infrastructure Company LLC (MIC) were up +3.28 or +5.36 percent to $64.45 per share in pre-market trading early this morning, after the company announced late yesterday two public offerings in order to pay for the remaining interest it does not already own in International-Matex Tank Terminals or IMTT. Macquarie Infrastructure stock closed
Read the full article…