Market Commentary

Dow Loses Second Week Straight

June 6th, 2015

Markets continued to drift downward as the Dow finished lower for the second week in a row. This week, the Dow lost 168 points and closed under 18,000 for the first time since early May. The NASDAQ and S&P 500 followed it up with losses of their own, although the NASDAQ turned a couple of … READ MORE

Dow Ends the Week at 17,850

June 5th, 2015

Markets were mixed in trading today, with the tech-heavy NASDAQ managing to stay above water while the Dow and S&P 500 sank. The Dow lost 56.12 points, and it closed the week 150 points below the usual 18,000 floor at 17,849.56. The S&P 500 was down just 3 points, and closed at 2,092.83. The NASDAQ … READ MORE

Zumiez (ZUMZ) Stock Pummeled on Guidance

June 5th, 2015

Shares of Zumiez Inc. (ZUMZ) were trading down -3.39 or -11.40 percent to $26.35 per share in Friday’s premarket after the company announced earnings late yesterday. While earnings were in line with analyst expectations, the company issued weak second quarter guidance numbers. Zumiez Inc. stock closed at $29.74, down -0.16 or -0.54 percent in Thursday’s … READ MORE

Dow Dives Below 18,000

June 4th, 2015

Markets slid steadily downward in trading today, with the Dow dropping over 100 points in an hour at one point during the day. The NASDAQ ended the day down 40 points at 5,059.13, and the S&P 500 lost 18.23 points to close at 2,095.84. The Dow was down a total of 170.69 points, and it … READ MORE

T-Mobile (TMUS) and Dish Network in Merger Talks

June 4th, 2015

Shares of T-Mobile US Inc. (TMUS) were up +2.17 or +5.66 percent to $40.50 in Thursday’s premarket after news broke earlier today that the company was in merger talks with Dish Network (DISH). T-Mobile US stock closed at $38.33 per share, down -0.31 or -0.80 percent in Wednesday’s regular trading session. Bonn, Germany based T-Mobile … READ MORE

Banks Up Big in Wednesday’s Trading

June 3rd, 2015

Markets rose in trading today, in part because there were deals to be had in the marketplace and also because investors were taking advantage of falling stock prices. The Dow rose 64.33 points in lower than average volume, closing the day up to 18,076.27. The NASDAQ lead the day in gains, posting an increase of … READ MORE

Puma Biotechnology, Inc. (PBYI) Down on Disappointing Drug Trials

June 3rd, 2015

Shares of Los Angeles, CA, based Puma Biotechnology, Inc. (PBYI) fell sharply on Tuesday, on a day that was mildly lower in stocks overall. Puma dropped $23.32 per share, down 13.72%, to close at 146.65 on volume of 3,602,943 shares. The stock continued to sell off following Monday’s announcement by a cancer expert that the … READ MORE

Oil Companies Rise On Second Day of Crude Rally

June 2nd, 2015

Markets fell slightly over the course of trading today. After reaching daytime highs of nearly 18,100, the Dow settled back late in the day to close down -28.43 points at 18,011.94. The NASDAQ closely mirrored the Dow throughout the day, and closed in much the same way, losing -6.40 points to end the trading day … READ MORE

Dollar General (DG) Beats Earnings Forecast by +3 Cents Per Share

June 2nd, 2015

Shares of Dollar General Corporation (DG) were up +2.87 or +3.94 percent to $75.68 per share in premarket trading on Tuesday after the company reported fiscal first quarter earnings that beat street estimates by $0.03 per share early this morning. Dollar General stock closed at $72.81 per share, up +0.22 or +0.30 percent in Monday’s … READ MORE

After a Shaky Day of Trading, Markets Make Small Gains

June 1st, 2015

All three major domestic indexes were up when today was all said and done, but it was a close call for much of the afternoon. The Dow added 29.69 points over the course of rocky trading today, and closed out the day at 18,040.37. The NASDAQ added 12.90 points and closed at 5,082.93, thanks in … READ MORE

Altera (ALTR) to be Acquired for $16.7B by Intel

June 1st, 2015

Shares of Altera Corporation (ALTR) were trading up +2.75 or +5.63 percent to $51.60 per share in Monday’s premarket after announcing that Intel (INTC) would be purchasing the chipmaker in a deal worth $16.7 billion. Altera stock closed at $48.85 per share, up +1.88 or +4.00 percent in Friday’s regular trading session. Founded in 1983, … READ MORE

Nike Suspected of Playing a Role in Bribery Scandal

May 30th, 2015

Shoemaker and megabrand Nike (NKE) found itself caught up in a scandal late last week. The issue is no longer over whether or not private companies bribed FIFA officials in Brazil — they did. The issue is currently over who contributed to the bribes, and how much did they contribute. Nike, which made multiple big … READ MORE

Stock Prices Hit or Miss in a Down Week for the Markets

May 29th, 2015

Markets were down across the board in trading this week. There were one or two days when markets rallied higher, but for the most part they dropped. The Dow opened the week on Tuesday, after the Memorial Day holiday, at 18,229.75 and closed on Friday at 18,010.68 for a loss of -219.07. The NASDAQ and … READ MORE

Despite a Down Market, Oil Ends Week Above $60

May 29th, 2015

Markets dropped like a rock in trading today, as the Dow lost over -100 points and closed just slightly above the recently-set 18k floor. The S&P 500 and NASDAQ both fell as well, shedding a combined -40 points. The Dow was down -115.44 points on the day, and closed at 18,010.68. The S&P 500 declined … READ MORE

One Horizon Group (OHGI) Stock Soars on Chinese App News

May 29th, 2015

Shares of One Horizon Group Inc. (OHGI) were down -0.15 or -3.49 percent to $4.15 in this morning’s premarket. The stock is trading correctively lower after rising +2.28 or +112.87 percent to $4.30 in yesterday’s regular trading session. The company announced yesterday that its Chinese retail voice over Internet Protocol (VoIP) service would now support … READ MORE

Health Services Sector Making Money as the Market Falls

May 28th, 2015

Markets fell across the board in trading today, but the Dow led the way with a -0.20% decline. The NASDAQ fell -0.17%, or -8.61 points, to close the day’s trading at 5,097.98. The S&P 500 was also down slightly, falling just -2.69 points to close at 2,120.79. The Dow dropped -36.87 points, and closed out … READ MORE

Broadcom (BRCM) Stock Soars on Avago Technologies Takeover

May 28th, 2015

Shares of Broadcom Corporation (BRCM) were trading up +0.55 or +0.95 percent to $57.70 per share in Thursday’s premarket after Avago Technologies (AVGO) announced early this morning that it would be taking over the company in a transaction worth $37 billion. Avago stock soared on news of the takeover talks, rallying +10.23 or +21.81 percent … READ MORE

NASDAQ Leads Wednesday’s Recovery

May 27th, 2015

Markets were up, as the NASDAQ lead Wednesday’s recovery. The Dow gained 121.45 points to close at 18,162.29. The NASDAQ was up nearly 1.50% on the day, gaining 73.84 points to close out at 5,106.59. The S&P 500 split the difference and rose almost a full percentage point, climbing 19.28 points to 2,123.48. In overseas … READ MORE

Geeknet, Inc. (GKNT) Doubles on Buyout by Hot Topic

May 27th, 2015

Fairfax, Virginia, based Geeknet, Inc. (GKNT) saw its share price more than double on Tuesday, against the backdrop of a down day in stocks across the board. Geeknet stock was up $9.10, rising 115.19% on volume of 2,410,433 shares, to close at $17.00. Early Tuesday morning, the company announced that it was acquired by teen … READ MORE

The Dow’s Long, Slow Tuesday Slide

May 26th, 2015

Markets were down all day in trading today, slipping lower and lower as the afternoon wore on. The Dow was down -190.41 points by the end of the day, closing at 18,041.54 for the first time in over a week. The NASDAQ and S&P 500 fared the same, with losses taking their toll all day … READ MORE