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Market Commentary

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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Stocks Fall on Last Day of 2014

December 31st, 2014

Despite falling on the last day of the year, U.S. stocks had an overall good year. In 2014 the Dow gained 7.5%, the S&P 500 is up 11.4% and Nasdaq rose 13.4%. These gains led Wall Street to its third straight year of three-digit gains, for the first time in over 10 years. The utility
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NeuroDerm (NDRM) Takes Off on Promising Drug Trials

December 31st, 2014

Shares of Rehovot, Israel, based NeuroDerm Ltd. (NDRM) rocketed on Tuesday, against the backdrop of a generally lower day in stocks overall. NeuroDerm’s stock was up by a market-leading 193.53%, rising $11.96 per share, to close at $18.14, on volume of 41,008,653 shares. The company reported positive mid-stage trial results for its Parkinson’s disease candidate. Founded
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Dow Closes Below 18,000; S&P 500 Up 12.7% in 2014

December 30th, 2014

Stocks end the day down as the Dow falls below 18,000 and the S&P 500 pulls back from its recent record high. This year, overall, stocks have performed much better than expected. The S&P 500 is up 12.7% (15.4% including dividends) which is almost double what stock market strategists predicted at the beginning of the
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Civeo (CVEO) Stock Pummeled on 2015 Guidance, Dividend Cut

December 30th, 2014

Shares of Civeo Corp. (CVEO) were down -3.07 or -37.73 percent to $5.13 in premarket trading on Tuesday. The company announced yesterday after the close that it would be suspending its dividend and gave a lower than expected guidance for its 2015 fiscal year. Civeo stock closed at $8.27, up +0.21 or +2.61 percent in
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Dow Ends 7-Day Streak as the S&P 500 Closes at New Record High

December 29th, 2014

Stocks end the day mixed as the S&P 500 closed at a new record high, its 53rd record close of the year, while the Dow snapped its 7-day winning streak. Minimum wages are set to rise this week in 21 states. As 2015 rings in, 2.4 million workers hourly wages will increase by an average
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Google (GOOG) Gmail Blocked in China

December 29th, 2014

Shares of Google Inc. (GOOG) were trading down -1.03 or -0.19 percent to $533.00 per share in premarket trading this morning, after news that China had blocked the company’s Gmail access through third parties. The Gmail website had already been blocked, with today’s action extending to the Apple (AAPL) app included in Apple iPhones and
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Dow Tops 18,000 For First Time in History

December 26th, 2014

Weekly Wrap Up The Dow closed above 18,000 for the first time ever this week shortly after the Commerce Department announced that the U.S. economy grew at a 5.0% annual rate in Q3. It was a relatively quiet week as the U.S. stock market was only open for 3 full days during the week. Along
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U.S. Stocks Edge Higher After Christmas Hiatus

December 26th, 2014

Stocks end the day in the green after taking a day hiatus for the Christmas holiday. The Dow, Nasdaq and S&P 500 all ended the week with gains as there was little expectation of major market changes as many traders took a long weekend holiday. Amazon (AMZN) Prime was a much desired subscription service this
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Family Dollar (FDO) Postpones Vote on Dollar Tree Bid

December 26th, 2014

Shares of Family Dollar Stores Inc. (FDO) closed down -0.01 or -0.01 percent to $79.14 per share on light volume in lackluster pre-holiday trading on Wednesday. The company announced on Tuesday that an overwhelming majority of shareholders had voted to adjourn a vote on a proposed $8.5 billion takeover of the company by Dollar Tree
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US Economy Posts 5% Growth Rate; Dow Breaks 18,000 Point Mark

December 23rd, 2014

After an announcement by the Commerce Department that the U.S. economy grew at a 5.0% annual rate in the 3rd quarter, Dow and S&P 500 respond by trading up. The Dow Jones Industrial Average rose 76 points, or 0.4%, to record-breaking 18,036 points. The S&P 500 index rose 5 points, or 0.2%. Health-care stocks were among
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Vanda Pharmaceuticals (VNDA) Reaches Settlement with Novartis AG

December 23rd, 2014

Shares of Vanda Pharmaceuticals Inc. (VNDA) were up +2.09 or +17.55 percent to $14.00 per share in premarket trading this morning, after the company announced yesterday after the close that it had reached an agreement with Novartis AG (NVS) in ongoing arbitration proceedings on licensing for Fanapt. Vanda Pharmaceuticals stock closed at $11.91 per share,
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Tech Stocks Lead S&P 500 to Record High

December 22nd, 2014

While holiday trading volumes were traditionally low, the S&P 500 closed up nearly 8 points, or 0.38%, and Dow Jones added 154.51 points, or 0.87%. Last week the Federal Reserve promised not to make any sudden movements concerning the timing and pacing of interest rate hikes, thus giving investors a positive outlook. OPEC is looking to
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Staples (SPLS) Security Breach Affects 1.16 Million Customers

December 22nd, 2014

Shares of Staples Inc. (SPLS) closed down -0.09 or 0.51 percent to $17.55 in Friday’s regular trading session. The company disclosed after the close of trading on Friday that as many as 1.16 million payment cards could have been affected by a data breach first detected in October. Staples said that the malware used in
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Staples Breach Affected 1.2M Cards; Stocks Nearly Erased Recent Mini-Correction

December 19th, 2014

Stocks continued their surge today and have now nearly erased all of the damage caused by their recent mini-correction. The three session jump is mainly due to the announcement from the Fed saying that they are in no rush to raise interest rates. Staples announced today that cyber criminals may have compromised upwards of 1.2
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Red Hat (RHT) Rockets on Third Quarter Earnings

December 19th, 2014

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50
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Dow Posts Best 1-Day Point Gain Since November 2011

December 18th, 2014

The Dow continues its effort to make up for its recent shortcomings as the Dow jumped up 421 points today – its biggest 1-day point gain since November 2011. The good news from the Fed regarding no immediate plans to increase short-term interest rates carried over today. The shale industry has been a blessing to
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Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results

December 18th, 2014

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percent
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Stocks Surge to Best Day of the Year on Fed’s Announcement

December 17th, 2014

Stocks experienced a much needed surge today after the Fed signaled that they could raise interest rates in the coming months, but also said that they would remain patient in doing so. The Dow rose 288 points while the S&P 500 jumped up 2% in the best day of the year. President Obama announced plans
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