Search

Market Commentary

IMF Trims Global Growth Forecast; Stocks Suffer One of the Worst Days of 2014

October 7th, 2014

U.S. stocks suffer one of their worst days of 2014 as the Dow falls 273 points and the S&P 500 drops 1.5%. Wall Street seems to be reacting to additional negative economic data out of Europe, specifically continued “softness” out of the region’s biggest economy, Germany. The International Monetary Fund cut its global economic forecast
Read the full article…

Raytheon (RTN) Wins Air Force Radar Contract

October 7th, 2014

Shares of the Raytheon Company (RTN) closed down -0.78 or -0.79 percent to $98.40 Monday on a weak day for the general market yesterday. Shares are trading +0.75 higher in this morning’s premarket after the Pentagon announced on Monday that Raytheon had beat out two other bidders in the development of a new radar system
Read the full article…

HP to Split Into 2 Companies, Expected to Layoff 5,000 Additional Employees

October 6th, 2014

U.S. indexes failed to build on Friday’s rebound and closed the day slightly lower. Hewlett-Packard’s (HPQ) stocks were up 6% after the announcement was made that the 75-year-old company is planning on splitting into two separate companies in hopes to add shareholder value and spur innovation. HP will split be separating its computer and printer
Read the full article…

Tekmira Pharmaceuticals’ (TKMR) Treatment Used in First American Ebola Cases

October 6th, 2014

Shares of Tekmira Pharmaceuticals Corp. (TKMR) were down -1.86 or -6.30 percent to $27.67 per share in premarket trading this morning. The stock is trading correctively after the shares surged on Friday as news that medical facilities will be using its TKM-Ebola treatment on the first U.S. Ebola cases. Tekmira Pharmaceuticals stock closed at $29.53
Read the full article…

Hiring Rebounds as 248,000 Jobs Were Added in September

October 3rd, 2014

Weekly Wrap Up September’s bad rep for stocks lived on this year as this year as the S&P 500 and Nasdaq fell 1.5% and 1.9%, respectively. And October started off rough as the Dow Jones fell 238 points on October 1st. September’s job report was released yesterday and reported much better than expected figures. The
Read the full article…

Unemployment Falls Below 6%; Apple’s Next Event Set for October 16th

October 3rd, 2014

Stocks end the week up due to a better than expected September jobs report. 248,000 jobs were added in September, far above the expected 215,000. The unemployment rate also fell below 6% for the first time in over 6 years. Apple (AAPL) is expected to hold another event this fall on October 16 to highlight
Read the full article…

Five Stocks to Watch in October

October 3rd, 2014

The U.S. stock market saw its worst performance since January last month. September is typically a difficult month for the stock market, with the S&P 500 dropping -1.5 percent, while the tech heavy Nasdaq composite index declined -1.9 percent. Even the bellwether Dow Jones Industrial Average closed down slightly in September, declining -0.3 percent for
Read the full article…

Investors Eagerly Await September’s Jobs Report

October 2nd, 2014

U.S. stocks end the day mixed following selloffs in Asia in Europe. The continued unrest in Hong Kong, the spreading of the Ebola virus, and fears over the slowing global economic growth continue to drive down financial markets. Investors are eagerly waiting for the Fed’s decision regarding interest rates, and tomorrow’s jobs report will help
Read the full article…

Tesla Motors (TSLA) to Unveil Mysterious “D” on October 9th

October 2nd, 2014

Shares of Tesla Motors Inc. (TSLA) were trading up +8.59 or +3.58 percent to $248.83 per share in premarket trading on Thursday. The rise in the stock came after a Tweet from Elon Musk late yesterday alluding to the unveiling of a mysterious “D” and “something else”. Tesla stock closed at $240.24 per share, down
Read the full article…

Dow Sinks 238 Points; Pharmaceutical Stocks Up

October 1st, 2014

Stocks continued to fall today, starting the fourth quarter on a sour note as the Dow plunged 238 points on the day. Pharmaceutical companies, especially those with Ebola vaccinations or treatments, are big gainers today as the U.S. confirmed its first domestic Ebola case yesterday. The biggest gainers are Tekmira Pharmaceuticals (TKMR) up nearly 24%,
Read the full article…

TravelCenters of America (TA) Drops on Lower Earnings

October 1st, 2014

Shares of Westlake, Ohio-based TravelCenters of America LLC (TA) fell on Tuesday, on a marginally down day on Wall Street. TA’s stock was down 14.97%, or $1.74 per share, to close at $9.88. Volume at 1,589,358 shares was about five times normal volume for the stock. TA reported that earnings for the second quarter of
Read the full article…

September’s Bad Rep for Stocks Lives On; Microsoft Unveils Windows 10

September 30th, 2014

U.S. stocks end the day down, to cap of an overall down month. September is notoriously known as the worst-performing month of the year for stocks and things were no different in 2014, as the S&P 500 fell 1.5% in September and Nasdaq shed 1.9% this past month. Microsoft (MSFT) showed off its flagship operating
Read the full article…

DreamWorks (DWA) Rumored to be in Talks with Softbank

September 30th, 2014

Shares of DreamWorks Animation (DWA) surged +5.82 or +26.03 percent to $28.18 per share on Monday after an article in the Hollywood Reporter broke the news that Japanese conglomerate, Softbank would make a bid for the animation studio. DreamWorks stock subsequently declined in afterhours trading, dropping -2.08 or -7.38 percent to $26.10 per share as
Read the full article…

PIMCO to Lose Billions on Gross’ Departure; Einstein Bros. Up 50%

September 29th, 2014

Stocks fell slightly today amid protests in Hong Kong. The pro-democracy protests that are occurring in Hong Kong are scaring Wall Street investors. PIMCO will probably lose billions of dollars, around 10% to 30% of its assets, when founder and star manager, Bill Gross, leaves the investment firm. Gross announced last week that he was
Read the full article…

Micron Technology (MU) Up 7 Percent on 4Q Earnings

September 29th, 2014

Shares of Micron Technology Inc. (MU) were up +2.13 or +6.72 percent to $33.83 on Friday as the U.S. major market indexes gained almost one percent on the day. Micron shares gained after the company reported better than expected fourth quarter earnings on Friday. In addition, several companies upwardly revised their price target for the
Read the full article…

Tech Stocks Driving Force Behind Roller Coaster Week for Stocks

September 26th, 2014

Weekly Wrap Up U.S. stocks ended a roller coaster week in the green. Tech stocks seemed to be the driving force behind this weeks gains and losses. Alibaba’s (BABA) surge during its IPO was short lived as it fell over 4% on Monday. Later in the week, Apple’s (AAPL) stock dropped around 4% due to
Read the full article…

Investors Urge a Merger Between Yahoo & AOL; U.S. Economy Grew 4.6% in Q2

September 26th, 2014

Stocks recover part of their losses from yesterday, but U.S. stocks did not recover entirely. Many investors, mainly activist investing firm Starboard, are urging Yahoo (YHOO) to merge with AOL (AOL). Both AOL’s and Yahoo’s stocks are up on this proposition. The U.S. economy rebounded sharply in Q2, after faltering in Q1. The economy actually
Read the full article…

Nike (NKE) Stock Up on Earnings, Guidance

September 26th, 2014

Shares of Nike Inc. (NKE) were up +4.76 or +5.89 percent to $85.60 per share in yesterday’s after hours trading in the wake of better than expected earnings for the company’s fiscal 2015 first quarter ended on August 31st. Nike stock closed at $79.75, down -1.09 or -1.35 percent in Thursday’s regular trading session. Founded
Read the full article…

Tech Stocks Sell Off Drives Wall Street Down

September 25th, 2014

Stocks fell sharply today, with the Dow losing nearly 265 points. The tech stocks led Wall Street drastically down, with Apple (AAPL) at the front of the pack, falling nearly 4% on the day. The price of a gallon of gas may start with a “2″ across most of the United States. Gas prices typically
Read the full article…

Magnum Hunter (MHR) Up on Record Production, Short Interest Decline

September 25th, 2014

Shares of Magnum Hunter Resources Corp. (MHR) were up +0.99 or +18.13 percent to $6.45 per share in Thursday’s premarket, after the company announced record production results for its newest well in the Utica shale of West Virginia. In addition, the company’s stock saw a large drop in short interest in August. Magnum Hunter Resources
Read the full article…