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Market Commentary

U.S. Attorney and FBI Launch Probe into Herbalife (HLF) Stock Manipulation

March 13th, 2015

Shares of Herbalife Ltd. (HLF) were trading up +1.75 or +5.26 percent to $35.00 per share in this morning’s premarket. Herbalife stock is up after news of an investigation into possible manipulation of the stock by fund manager Bill Ackman and people in his employ. Herbalife stock closed at $33.25 per share, up +0.15 or … READ MORE

Dow Gains 260, Markets Recovering After Big Losses

March 12th, 2015

Thursday saw the markets recovering after losses earlier in the week. Volume was higher than average as investors snapped up deals and built up their portfolios. The Dow was up 259.83, or 1.5%, to close at 17,895.22. The NASDAQ gained 43.35 points and closed at 4,893.29. The S&P 500 added 25.71 points to close the … READ MORE

Salix Pharmaceuticals (SLXP) Gets Bid From Endo International

March 12th, 2015

Shares of the Salix Pharmaceuticals Inc. (SLXP) closed up +10.96 or +6.95 percent to $168.61 per share in Wednesday’s regular trading session. The company received a letter yesterday from the board of directors of Endo International Plc (ENDP) offering Salix $175 per share and trumping Valeant’s (VRX) $158 per share bid. Raleigh, North Carolina based … READ MORE

Bird Flu Hits Poultry Producers on a Slow Day for the Markets

March 11th, 2015

Trading was essentially flat today, with yesterday’s selloff giving way to much lower than expected volume which saw the market stall out in the afternoon. The Dow was down -27.55 points, ending the day at 17,635.39. The NASDAQ lost -9.86 points and settled in at 4,849.94, and the S&P 500 fell -3.92 points to finish … READ MORE

Urban Outfitters Inc. (URBN) Up on Strong Fourth Quarter Results

March 11th, 2015

Shares of Philadelphia, PA, based Urban Outfitters Inc. (URBN) spiked higher on Tuesday, against the backdrop of a sharp sell-off in the overall market. Urban Outfitters was up $4.55, rising 11.52% to close at 44.06, on volume of 10,776,295 shares. The company reported fourth quarter earnings that exceeded analysts expectations, as well as solid growth … READ MORE

Big Selloff Drives the Dow Down 330

March 10th, 2015

The Dow was down -330 points today and closed at 17,662.94. Worries over the Fed raising interest rates brought share prices down from last week’s record levels. The S&P 500 fell -35.27 points to 2,044.16, and the NASDAQ dropped -82.64 points to close at 4,859.80. Markets across the world were down as well today, with … READ MORE

Credit Suisse (CS) CEO to Step Down in June, Bank Confirms Replacement

March 10th, 2015

Shares of Credit Suisse Group AG (CS) were up +1.35 or +5.73 percent to $24.89 per share in pre-market trading this morning, after the company confirmed early this morning that Chief Executive Officer Brady Dougan would step down and be replaced the Tidjane Thiam, currently Chief Executive Officer of UK insurance company, Prudential (PUK). Credit … READ MORE

Rising Blue Chips, $22.4 Billion Hostile Takeover Send Dow Up

March 9th, 2015

The Dow closed up 138.94 points in trading today, ending at 17.995.72, driven at least in part by a blue chip recovery. The S&P 500 and NASDAQ were both up as well, gaining ground steadily over the course of the trading day. The S&P 500 rose 8.17 points to close at 2,079.42, while the NASDAQ … READ MORE

RTI International Metals Inc. (RTI) to be Acquired by Alcoa in $1.5B Deal

March 9th, 2015

Shares of RTI International Metals Inc. (RTI) were trading up +12.72 or +46.63 percent to $40.00 per share in Monday’s premarket after news broke that the company had entered into a definitive agreement to be acquired by Alcoa Inc. (AA). RTI International Metals Inc. stock closed at $27.28 per share, down -0.54 or -1.94 percent … READ MORE

Dow Drops 400 After Starting the Week at Record Highs

March 6th, 2015

The Dow was down this week after a record-setting start. It fell 276 points over 5 days, and closed the week at 17,856.78. The NASDAQ and S&P 500 both lost ground as well, with the NASDAQ falling -26 points and the S&P 500 down by -33. The NASDAQ closed the week at 4,927.37 and the … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE