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Market Commentary

Markets Plummet 280 Points On Fears of a Rate Hike

March 6th, 2015

The Dow was down big in trading today, losing -278.94 points and dipping below 18,000 for the first time in over a week. It ended the day at 17,856.78. The N&P 500 and NASDAQ were both down as well, with the S&P 500 losing -29.78 points and the NASDAQ dropping -55.44. In overseas trading, Hong
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HBO (TWX) in Talks with Apple for Launch of HBO Now

March 6th, 2015

Shares of Time Warner Inc.(TWX) closed up +0.18 or +0.22 percent to $83.26 per share in Thursday’s regular trading session after news that its wholly owned subsidiary, Home Box Office Inc. was in talks with Apple Inc. (AAPL) to make Apple a launch partner for the company’s new streaming service which debuts next month. The
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Afternoon Rally Breaks a Losing Trend for the Market

March 5th, 2015

Domestic markets were up across the board today, with the Dow, NASDAQ, and the S&P 500 all gaining slightly. The Dow added 38.82 points to close at 18,135.72, NASDAQ was up 15.67 to 4,982.81, and the S&P 500 gained 2.51 points to end the day at 2,101.04. The big story of the day in overseas
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Costco (COST) Stock Up on Earnings, Misses on Revenue

March 5th, 2015

Shares of Costco Wholesale Corporation (COST) were up +3.39 or +2.30 percent to $150.56 per share in Thursday’s premarket, after the company reported better than expected second quarter earnings and February sales results early this morning. Costco Wholesale stock closed at $147.17 per share, down -0.20 or -0.14 percent in Wednesday’s regular trading session. Originally
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Dow Down 106, Hospitals Surge as Business and Politics Mix

March 4th, 2015

The Dow tumbled -106.47 points in lighter than average trading today, closing at 18,096.90. The NASDAQ and S&P 500 both fell alongside the Dow. The S&P 500 lost -9.25 points to close at 2,098.53, while the NASDAQ was down -12.76 to 4,967.14. In overseas trading, Hong Kong’s Hang Seng continued to trend downward, losing another
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Nutrisystem, Inc. (NTRI) Up on Strong Fourth Quarter Results

March 4th, 2015

ShareShares of Fort Washington, PA, based Nutrisystem, Inc. (NTRI) rose on Tuesday, against the backdrop of a lower day in stocks overall. Nutrisystem’s stock was up 12.77%, rising $2.19 per share, to close at $19.34, on volume of 2,093,168 shares. After the market close on Monday, the company announced the results of its fourth quarter
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Falling Blue Chips Drag the Dow Down 85

March 3rd, 2015

In trading today, the Dow lost -85.26 points to close down 0.47% at 18,203.37. Both the S&P 500 and NASDAQ fell too, losing -9.61 and -28.20 points respectively. The S&P 500 closed the day at 2,107.78, while the NASDAQ ended at 4,979.90. International markets were down across the board, with the exchanges in Germany and
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Five Stocks to Watch in March

March 3rd, 2015

U.S. stocks continued their red hot streak in February, breaking records and ending the month in uncharted territory once more. With the recent decline in oil prices aiding in the economic recovery in the United States and all over the world, stock indices turned in their best performance in years. For the month, the Standard
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Dow Up 155 After a Day of Steady Gains

March 2nd, 2015

The Dow was up 155.93 today, recovering from Friday’s dip to continue into record levels. It closed at 18,288.63. The NASDAQ made steady gains, adding 44.57 points. The S&P 500 was up 12.89 to close at 2,117.39. Overseas trading today was mixed, with London and France both down. Hong Kong’s Hang Seng gained 65. Big
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Freescale Semiconductor (FSL) to be Acquired by NXP in $11.8B Deal

March 2nd, 2015

Shares of Freescale Semiconductor Inc. (FSL) were trading up +3.40 or +9.42 percent to $39.51 per share in Monday’s premarket after news late yesterday that NXP Semiconductors (NXPI) will be taking the company over for $11.8 billion in cash and stock. Freescale Semiconductor stock closed at $36.11, up +0.14 or +0.39 percent in Friday’s regular
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Record Highs Tuesday Couldn’t Last All Week, Dow Dips 80 on Friday

February 27th, 2015

The Dow hit a plateau at record highs this week, before settling back on Friday and losing 80 points. It began the week at at 18,240 before dipping down almost 24 points on Monday. The Dow recovered on Tuesday and closed the day at the record high of 18,244. The market stayed essentially flat until
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Markets End Their Stall In A Dive, Dow Loses 80 Points

February 27th, 2015

Markets in the US were down across the board today, on the decline after the exchange found a ceiling at record levels. The Dow lost -81.72 points on the day, falling to 18,132.70. The S&P 500 shed -6.24 points to close at 2,104.50, while the NASDAQ lost -24.36 and closed the day trading at 4,963.53.
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The Gap Inc. (GPS) Stock Up on Positive Earnings, Lower Forecast

February 27th, 2015

Shares of The Gap Inc. (GPS) were trading up +1.23 or +3.05 percent to $41.60 per share in this morning’s premarket. Shares gained this morning and in yesterday’s afterhours trading after the company announced its earnings for its 2014 fourth quarter, which beat analyst estimates. Nevertheless, the company’s full year 2015 guidance was below analyst
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Dow Loses 20, NASDAQ Up 10 on a Mixed Day for the Markets

February 26th, 2015

Trading was mixed today, with the Dow and S&P struggling through small losses while the NASDAQ grew. The Dow lost -10.15 points and closed the day’s trading at 18,214.42, and the S&P 500 dipped -3.12 points to end at 2,110.74. Meanwhile, the NASDAQ extended its growth streak by adding 20.75 points to close at 4,987.89.
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Transocean (RIG) Stock Higher Despite Impairment Charge, Moody’s Downgrade

February 26th, 2015

Shares of Transocean Ltd. (RIG) were trading up +0.71 or +4.43 percent to $16.75 per share in Thursday’s premarket after selling off -1.3 percent in yesterday’s afterhours trading. The company released its fourth quarter and full year 2014 results late yesterday after the market close. In addition to the earnings release, Moody’s announced it had
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Stock Market Ends The Day Right Where It Started

February 25th, 2015

The stock market barely moved in trading today, largely holding steady at record high levels. The Dow gained 15.38 points over the course of the day, closing at 18,224.57 on lower than average volume. The S&P 500 and NASDAQ both lost a little ground, with the S&P dropping -1.62 points to close at 2,113.86, while
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SunPower Corporation (SPWR) Rises on Higher Fourth Quarter Earnings

February 25th, 2015

Shares of San Jose, California, based SunPower Corporation (SPWR) were up sharply on Tuesday, rising $5.00 per share, up 17.99%, to close at 32.80 on volume of 12,924,266 shares. The company reported a net profit of $134.7 million for the fourth quarter, beating market expectations. Founded in 1985, SunPower designs, manufactures and supplies solar panels
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US Markets Surge to Record Highs on Good News from the Fed

February 24th, 2015

The Dow managed to fight back against midday losses to set record highs on Tuesday. Not only did the market add 92.35 points, ending at 18,209.18, but it also set the high water mark for closing and intraday prices. The S&P 500 was up 5.82 points to 2,115.48. The NASDAQ, which has grown for 10
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Office Depot (ODP) Reports 4Q Earnings, Benefits from Merger with OfficeMax

February 24th, 2015

Shares of Office Depot Inc.(ODP) were up +0.17 or +1.80 percent to $9.61 in Tuesday’s premarket after the company reported its loss had narrowed in the fourth quarter and withdrew its guidance for 2015 due to its tentative merger with Staples Inc. (SPLS). Office Depot stock closed at $9.44, down -0.05 or -0.53 percent in
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Dow Dips Slightly On A Very Slow Day For The Markets

February 23rd, 2015

The Dow fell flat in trading today, losing 23.60 points to close at 18,116.84. The S&P 500 dipped slightly as well, losing just 0.64 points to close at 2,109.66. Only the NASDAQ was up, rising 5 points to 4,960.97, thanks mostly to a tech-heavy portfolio that saw good growth on the day. Volume was way
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