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Market Commentary

Apple To Unveil New iPhones on Sept. 9; U.S. Factory Orders Up 1.1%

August 5th, 2014

U.S. stocks recovery was short-lived as the Dow Jones ended the day down nearly 150 points. Apple (AAPL) announced today that they are set to unveil their next-generation iPhones on September 9th. The tech company is expected to release two sizes of the iPhone 6, a version with a 4.7 inch screen and a larger
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GM (GM) Served With Subpoena by DOJ for Subprime Auto Loans

August 5th, 2014

Shares of The General Motors Company (GM) closed up +0.17 or +0.51 percent to $33.61 on light volume in Monday’s regular trading session. The company announced late yesterday that it had been issued a subpoena by the U.S. Justice Department in relation to an investigation currently being conducted over possible civil violations on subprime auto
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U.S. Stocks Recover From Worst Week in 2 Years; MSFT

August 4th, 2014

Stocks recover, just slightly, from their losses last week. Last week was even reported as the worst week for U.S. stocks in over two years. Now, many investors are wondering if the recent sell-offs will continue thus signaling the bear market. Microsoft (MSFT) filed a lawsuit against Samsung stating that the tech company owes Microsoft
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Bally Technologies (BYI) to be Acquired by Scientific Games Corporation in $5.1B Deal

August 4th, 2014

Shares of Bally Technologies Inc. (BYI) were up +3.30 or +4.25 percent to $81.00 per share in pre-market trading on Monday, after the company announced Friday it had agreed to be acquired by Scientific Games Corporation (SGMS) for $83.30 per share in cash. Bally Technologies stock closed at $77.70, up +17.53 or +29.13 percent in
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Fed Continues to Trim Stimulus; Argentina’s Debt Default Impacts Stocks

August 1st, 2014

Weekly Wrap Up Argentina’s debt default drove the stocks down during the latter part of this past week. The debt crisis drove the Dow Jones down over 300 points on Thursday alone. The Fed also announced this week that they will continue to trim the stimulus by an additional $10 billion. The Federal Reserves cited
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P&G to Shed 90 Brands; 209,000 Jobs Added in July

August 1st, 2014

Stocks close the day even lower today as the aftermath of Argentina’s debt crisis continues. Procter & Gamble (PG) announced today that they plan to sell or eliminate 90 to 100 minor brands to focus on its remaining 70 to 80 best-selling brands. The labor market continues to improve as 209,000 jobs were added last
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Five Stocks to Watch in August

August 1st, 2014

The U.S. stock market ended July on a bearish note, with the Dow Jones Industrial Average wiping out all of its 2014 gains on Thursday. The Dow Jones average fell -317.06 points or -1.88 percent, closing at 16,563.30, just under its level at the beginning of the year. The tech-heavy NASDAQ composite index dropped -93.13
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Argentina’s Debt Default Drives Stocks Lower; Dow Falls 316 Points

July 31st, 2014

Stocks end the day much lower with the Dow falling over 300 points, in part due to the debt crisis in Argentina. This is Argentina’s second default in 13 years and many U.S. investors are wondering what this means for global markets. RadioShack’s (RSH) days are numbered as it has only $62 million in cash
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Bank of America (BAC) Increases Settlement Offer, Gets Slapped with $1.27B Fine

July 31st, 2014

Shares of Bank of America Corporation (BAC) were down -0.27 or -1.77 to $15.31 in regular trading on Thursday, after news yesterday that the bank was raising their offer to settle with the Justice Department for $1 billion more than it had previously proposed. Also, a federal judge imposed a $1.27 billion civil penalty for the
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Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

July 30th, 2014

Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted
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Oshkosh (OSK) Falls on Weaker 3rd Quarter Earnings

July 30th, 2014

Shares of Oshkosh, Wisconsin, based Oshkosh Corporation (OSK)  fell on Tuesday in a mixed day in the financial markets overall. The company’s stock was down 13.82%, falling $7.35 per share to close at $45.84, on volume of 4,293,362 shares. The company reported weaker earnings for its fiscal 2014 third quarter results. Founded in 1917, Oshkosh
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Global Tension Weighs Heavily on Investors; UPS Misses Wall Street’s Expectations

July 29th, 2014

Stocks close the day slightly down as global tension continues to take a toll on the market. Investors fear that the European Union’s sanctions against Russia for their involvement in the downed Malaysia Airline Profit will have a large global economic impact. Profit reports continue to be announced this week. More than half of the
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Silicon Motion Technology (SIMO) Gains on Quarterly Earnings Results

July 29th, 2014

Shares of Silicon Motion Technology (SIMO) were trading up +2.35 or +10.26 percent to $25.25 per share in pre-market trading Tuesday morning, after the company announced second quarter earnings which beat analyst expectations. Silicon Motion Technology stock closed at $22.90 per share, up +0.32 or +1.42 percent in Monday’s regular trading session. Taiwan based Silicon
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S&P 500 Posted Second Smallest Closing Gain; New Home Sales Down 8.1%

July 28th, 2014

The S&P 500 and Dow Jones ended the day slightly up, while Nasdaq was down 0.11%. Investors were trying to balance a reported decline in sales of new homes in June with the news of multiple acquisitions. Dollar Tree Inc. (DLTR) is going to take over Family Dollar Stores (FDO), while Zillow is acquiring Trulia,
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Family Dollar (FDO) to be Taken Over by Dollar Tree in $8.5B Deal

July 28th, 2014

Shares of Family Dollar Stores Inc. (FDO) were up + 14.57 or +24.02 percent to $75.23 per share in premarket trading Monday morning, after the announcement that Dollar Tree Inc. (DLTR) would be buying the company for $74.50 per share. Family Dollar Stores stock closed at $60.66, down -0.48 or 0.79 percent in Friday’s regular
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Companies Continue to Release Q2 Earnings; IMF Cuts U.S. & Global Forecasts

July 25th, 2014

Weekly Wrap Up Stocks ended Friday in the red after the S&P 500 ended with record finishes on Wednesday and Thursday. The International Monetary fund cut its forecast for both U.S. growth and global GDP growth this year. On Wednesday, the IMF announced that they would be cutting its U.S. economic growth forecast for 2014
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El Pollo Loco Up 50% During IPO; Dow Falls 120 Points

July 25th, 2014

The S&P 500 retreated from its record breaking day yesterday and ended the day down 9 points. The Dow Jones fell over 120 points and Nasdaq also ended the day in the red. El Pollo Loco (LOCO) debuted its IPO today with its shares rising 50% during its first day. The company set its initial
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Amazon.com (AMZN) Tumbles on Earnings Miss

July 25th, 2014

Shares of Amazon.com Inc. (AMZN) were trading down -36.00 or -10.04 percent to $322.61 per share in pre-market trading early Friday, after the company released significantly lower than expected earnings despite a large increase in revenue. Amazon stock closed at $358.61, up +0.47 or +0.13 percent in Thursday’s regular trading session. Seattle, Washington based Amazon.com
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IMF Cuts Global GDP Growth Forecast; Walmart’s U.S. CEO Resigns

July 24th, 2014

The S&P 500 continues its record breaking streak as it closed the day with another record high. Just a day after the International Monetary Fund cut its forecast for the U.S. economy, it cuts its global GDP growth forecast. The IMF cut the growth forecast from 3.4% to 3.6%, they do however expect global growth
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Logitech (LOGI) Rallies on First Quarter Results, Improved Forecast

July 24th, 2014

Shares of Logitech International (LOGI) were up +1.81 or +13.58 percent to $15.14 in pre-market trading this morning, after the company released better than expected results for the company’s first quarter 2015. The company also raised its profitability outlook for the rest of its 2015 fiscal year. Logitech stock closed unchanged at $13.33 per share
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