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Market Commentary

Office Depot (ODP) in Talks to Merge With Staples

February 3rd, 2015

Shares of Office Depot Inc. (ODP) were up +1.17 or +15.33 percent to $8.80 in Tuesday’s premarket after news that the company was in advanced talks to combine with Staples Inc. (SPLS) While no price has been mentioned and no guarantee that a merger would occur, pressure from an activist investor has made the transaction more
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Dow Gains Ground While Retail and Energy Sectors Rise

February 2nd, 2015

After a slow start and a somewhat rocky afternoon, the Dow closed up 196.09 points for a gain of 1.14% to finish at 17,361.04. The NASDAQ gained 41.45 points and closed out at 4,676.69, while the S&P 500 put on 25.86 points and ended the day at 2,020.85. Overseas markets were mixed, with -0.66% losses
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Five Stocks to Watch in February

February 2nd, 2015

After Friday’s -251 point or -1.5 percent decline in the Dow Jones Industrial Average, the bellwether index finished the month of January down -3.7 percent overall at 17,166. Friday also saw the S&P 500 Index decline by -26.26 or -1.3 percent ending the month at 1,994.99, while the tech laden Nasdaq composite index closed down
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Earnings Reports Lead to Volatile Week for the Market

January 30th, 2015

Most companies released their earnings reports this week, leading to dramatic moves in the market. Although there were big localized spikes and losses, the trend toward falling oil and gas prices continued to dominate the energy sector. Consumer durable goods picked up the pace this quarter, leading to some surprising profits for home builders. All
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Google and Amazon Up, Oil Finishes Down as Dow Loses 251.90

January 30th, 2015

After a mixed day of trading the Dow loses 251.90 points to 17,164.95. NASDAQ followed suit, losing 48.17 to end at 4,635.24, and the S&P 500 lost 26.26 and ended the day at 1,994.99. The overseas markets also had a tough day, with Hong Kong’s Hang Seng dropping 88.80 points to 24,507.05 and England’s FTSE
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Oil Still Falling, Markets Up

January 30th, 2015

Markets rallied today despite mixed messages from major tech firms as well as still declining prices for global crude. The NASDAQ would finish up 42 points, 0.90%, at 4678 with the S&P 500 following closely behind in gains with a 0.87% gain, gaining 17 points on the day and finishing at 2020. North American markets
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Intercept Pharmaceuticals (ICPT) Receives Breakthrough Therapy Designation from FDA

January 30th, 2015

Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +57.31 or +33.58 percent to $228.00 per share in pre-market trading on Thursday, after the company announced late yesterday its investigational product, obeticholic acid (OCA) had received “breakthrough therapy designation” from the U.S. Food and Drug Administration (FDA) for the treating patients with nonalcoholic steatohepatitis (NASH). Intercept
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Strong Afternoon Trading Leads Dow to Solid Gains

January 29th, 2015

The Dow closed strong today in end of day trading, gaining 225.48 points to finish up 1.31% 17,416.85. NASDAQ gained 45.42 points to close at 4,683.41, and the S&P 500 finished up 19.09 points in order to close at 2,021.25. In world markets, Japan’s Nikkei and Hong Kong’s Hang Seng both fell just over 1%
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Alibaba (BABA) Stock Hammered after Earnings

January 29th, 2015

Shares of the Alibaba Group Holdings Ltd (BABA) were trading down -6.40 or -6.50 percent to $92.05 per share in this morning’s premarket after the company released earnings early this morning. Alibaba reported a better than expected profit for its third quarter, but revenue which did not meet analyst expectations. Alibaba stock closed at $98.45,
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Q1 Earnings Reports and Falling Oil Lead to a Mixed Market

January 28th, 2015

After losses late in the day, the Dow closed down 189.67 points, finishing out at 17,197.54. NASDAQ dropped to 4,637.99, a loss of 43.51 points, while the S&P 500 lost 27.39 points to finish at 2,002.16. World markets were mixed, with gains for the UK’s FTSE of 0.21% and losses in China’s Shanghai Composite Index
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Apple (AAPL) Rises After Hours on Higher than Expected Holiday Quarter Results

January 28th, 2015

Shares of Cupertino, California, based Apple, Inc. (AAPL) rose in after-hours trading on Tuesday, though the stock closed somewhat lower against the backdrop of a sharp sell-off in stocks overall. Apple’s stock closed down $3.96, falling 3.50% to close at $109.14, on volume of 95,568,749 shares. However, just minutes after the market closed, the company
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Dow Falls 291 Points After Companies Give Bleak 2015 Outlook

January 27th, 2015

Stocks end the day down as disappointing earning reports roll in. The Dow ended the day down 291 points, Nasdaq fell 90 points and the S&P 500 was down 27 points at the end of the trading day. Proctor & Gamble (PG) and Caterpillar (CAT) cut their sales and profit forecasts for 2015, signalling a
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Microsoft (MSFT) Stock Off on Lower Quarterly Profit

January 27th, 2015

Shares of Microsoft Corporation (MSFT) were trading down -3.47 or -7.38 percent to $43.54 in Tuesday’s premarket after the company reported late yesterday a lower profit for its second quarter despite a rise in revenue. In addition to the earnings news, several analysts downgraded the company’s stock. Microsoft stock closed at $47.01, down -0.17 or
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Mattel’s CEO Resigns, Shares Fall; Stocks End Flat

January 26th, 2015

Stocks end the day barely up, basically flat, as the east coast prepares for Snowmageddon. Despite forecasts predicting upwards of three feet of snow, the New York Stock Exchange is currently planning on being open on Tuesday. A couple stocks have the potential to benefit from the impending snow storm. Generac (GNRC), a company that
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Box Inc. (BOX) Soars on First Day of Trading

January 26th, 2015

Shares of Box Inc. (BOX) were trading down -0.41 or -1.76 percent to $22.82 in Monday’s premarket before the beginning of the stock’s second day of trading as a listed stock. The company had their initial public offering on Friday gaining sharply after the stock was originally offered at $14 per share. Box Inc. stock
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Crude Oil Continues to Fall; Microsoft Unveils Windows 10

January 23rd, 2015

Weekly Wrap Up U.S. stocks had a 4-day winning streak snapped on Friday, but on the bright side they did post weekly gains. Crude oil continues to fall and fell another 5% on Tuesday to $46.13 a barrel. While falling gas prices is putting more money into consumers pockets, there are many people who are
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Box Up 66% During IPO Deubt; 4-Day Winning Streak Snapped

January 23rd, 2015

All good things must come to an end and it couldn’t have be more true today. After four straight days of gains, the U.S. stock indexes ended mostly down, but still posting weekly gains. The tech industry was one of the few bright spots on the day which is why the tech-heavy Nasdaq composite index
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DreamWorks (DWA) to Shut Down Main Studio, Cuts 500 Jobs

January 23rd, 2015

Shares of DreamWorks Animation SKG Inc. (DWA) were trading down -3.07 or -14.41 percent to $18.24 per share in Friday’s premarket, after the company announced after yesterday’s close it would be shutting down its main studio, PDI DreamWorks and lay off 500 workers. DreamWorks Animation stock closed at $21.31, up +0.63 or +3.05 percent in
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U.S. Stock Indexes Up After Announcement of European Central Bank Bond-Buying Program

January 22nd, 2015

After a series of relatively small gains, U.S. stocks shot up today with the Dow soaring 260 points. The announcement of the European Central Bank launching a bond-buying program sent U.S. stock indexes up 1.5%, to finish their fourth straight day in the green. Lower oil prices are proving to be extremely beneficial to airlines.
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City National (CYN) to be Acquired by Royal Bank of Canada in $5.4B Deal

January 22nd, 2015

Shares of City National Corporation (CYN) were trading up +15.27 or +20.48 percent to $89.84 per share in Thursday’s premarket. The company announced early this morning it had entered into a definitive agreement to be taken over by the Royal Bank of Canada in a deal valued at approximately $5.4 billion. City National Corp. shares
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