Search

Market Commentary

GameStop (GME) Stock Pummeled after Third Quarter Results

November 21st, 2014

Shares of GameStop Corporation (GME) were down -3.99 or -9.16 percent to $39.55 in premarket trading this morning after the company reported lower than expected earnings for the third quarter after the market close on Thursday. GameStop stock closed at $43.54, up +0.26 or +0.60 percent in Thursday’s regular trading session. Grapevine, Texas based GameStop
Read the full article…

Dow Up 6.9% This Year; U.S. Jobless Claims Fall to Lowest Level Since 2000

November 20th, 2014

U.S. stocks climbed higher today with the Dow and S&P 500 hitting new closing highs. Investors were pleased with the positive economic data that was released today – stronger home sales, taming of inflation, and declining jobless claims. Apple (AAPL) stock hit yet another all time high today and is approaching an important level. Apple’s
Read the full article…

GoPro (GPRO) Announces Pricing on Secondary Public Offering

November 20th, 2014

Shares of GoPro Inc. (GPRO) were trading down -4.84 or -6.12 percent to $74.25 in this morning’s premarket after the company announced the price of a secondary offering of stock late yesterday after the market close. GoPro announced the offering through a regulatory filing late Monday. GoPro stock closed down -5.01 or -5.96 percent to
Read the full article…

October’s Minutes Show Fed’s Debate; Staples Boosts Profits By Closing 170 Stores

November 19th, 2014

U.S. markets end the day slightly down. The minutes from October’s Federal Reserve meeting were released this afternoon and showed much debate occurring over the timeline of raising interest rates. Some policy makers thought they should eliminate the pledge to keep interest rates low “for a considerable time”, while others believed an announcement and move
Read the full article…

Virgin America (VA) Up in Aftermath of IPO

November 19th, 2014

Shares of Burlingame, California based Virgin America, Inc. (VA) rose sharply on Tuesday, amid a modest up day on Wall Street overall. Virgin America’s stock was up 13.37%, rising $4.37 per share to close at 37.05, on volume of 12,834,580 shares. The gain comes following a successful IPO last Friday, when the stock opened with
Read the full article…

Southwest Soars 110% in 2014; S&P 500 Up 11% This Year

November 18th, 2014

The three main U.S. stock indices ended in the green today, with the Dow and S&P 500 closing at new record highs. With this new record close, the S&P 500 is now up 11% in 2014. The jump in the U.S. stock market today is partially due to a couple positive developments from around the world
Read the full article…

SunEdison (SUNE) to Acquire First Wind

November 18th, 2014

Shares of SunEdison Inc. (SUNE) were trading up +1.29 or +7.77 percent to $17.90 in Tuesday’s premarket, after the company announced late yesterday that it would be acquiring First Wind in a deal valued at $2.9 billion. SunEdison shares closed at $16.61, down -0.32 or -1.89 percent in Monday’s regular trading session. Maryland Heights, Missouri
Read the full article…

Japan Slips Back into a Recession as the S&P 500 Jumps to a Record High

November 17th, 2014

The Dow rose only 13% today as the stocks end mixed on a relatively quiet Monday. However, the S&P 500 was able to push even further to set yet another closing high – this is the 7th record close for the S&P 500 in the last 9 sessions. News that the world’s second largest economy,
Read the full article…

Baker Hughes (BHI) to be Acquired by Halliburton in $34.6B Deal

November 17th, 2014

Shares of Baker Hughes Inc. (BHI) were trading up +9.26 or +15.46 percent to $69.15 per share in Monday’s premarket, after news that Halliburton (HAL) would be buying the company for a combination of stock and cash in a deal worth approximately $34.6 billion. Baker Hughes stock closed at $59.89, up +1.14 or +1.94 percent
Read the full article…

Record Finishes Continued Throughout the Week

November 14th, 2014

Weekly Wrap Up The Dow Jones and the S&P 500 continued to push further into record territory; both stock indexes had multiple record closes throughout the week. Strategists are confident that the stock market will continue to move “sideways to up” for the rest of the year after narrowly missing a correction in October. Crude
Read the full article…

Virgin America Up 30% During IPO Debut; Obamacare 2.0 Enrollment Begins Tomorrow

November 14th, 2014

Stocks end the day mixed with the Dow falling slightly and the S&P 500 pushing to finish with another record close. This was the S&P 500′s 41st record close of the year. Virgin America (VA) soared during its IPO debut on Nasdaq today. The young airline company that only recently began turning profit ended the
Read the full article…

Geron (GERN) Stock Up Sharply After News of Collaboration with J&J Unit

November 14th, 2014

Shares of Geron Corporation (GERN) were up +1.09 or +47.19 percent to $3.40 per share in pre-market trading on Friday, after the company announced it would be entering into a partnership with Janssen Biotech to develop and commercialize imetelstat. Geron Corporation stock closed at $2.31, down -0.06 or -2.53 percent in Thursday’s regular trading session.
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…