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Market Commentary

Intercept (ICPT) Announces Positive Results for Liver Drug Trial

March 17th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were down -32.26 or -6.98 percent to $430.00 per share in pre-market trading on Monday, after the company announced in their 10K filing late Friday that there were adverse cardiac issues connected to their experimental drug for the treatment of liver disease. The company announced on Sunday that its
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Apple Unlikely to Release 12.9″ iPad; Aeropostale Continues to Struggle

March 14th, 2014

Stocks closed down once again, which is the fifth straight day in a row for the Dow Jones. After recently raising the Amazon (AMZN) Prime cost in Europe, it was only a matter of time until the price was also raised in the US. Amazon has decided to raise the yearly price by $20 to
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Warren Buffett Expects Stocks to Remain Strong; Multiple Bankruptcy Filings

March 14th, 2014

Weekly Wrap Up The stocks were mostly down this week, with the Dow Jones falling over 200 points on Thursday. Despite the low week for stocks, investor Warren Buffett doesn’t think that it should be alarming. He does however believe that a market plunge similar to what occurred in 2008 will occur again, but not
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Amazon (AMZN) Prime Cost Increased by $20

March 14th, 2014

Shares of Amazon.com, Inc. (AMZN) were trading up +3.49 or +0.94 percent to $375.00 per share in pre-market trading on Friday, after the company announced it was raising the cost of its Amazon Prime service by $20 per year from $79 to $99. The cost increase reflects the extra features besides streaming video Amazon is
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Retail Sales Up in February; Dow Falls Over 200 Points

March 13th, 2014

The Dow falls over 200 points to end down for the fourth straight day. Geopolitical and economic risks abroad seem to be the cause of this drastic drop. McDonald’s (MCD) has multiple class-action lawsuits currently filed against them. Workers in three different states are suing the fast food company over wage theft violations after not
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FTC Launches Probe on Herbalife (HLF)

March 13th, 2014

Shares of Herbalife Ltd. (HLF) closed down -4.82 or -7.37 percent to $60.57 per share on Wednesday, after news that the company had received a Civil Investigative Demand or CID from the U.S. Federal Trade Commission. Trading in Herbalife shares was halted before the announcement, reopening down -8.0 percent to the $60 per share level.
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Candy Crush Creator Releases IPO Price Range; Digital Tipping on the Rise

March 12th, 2014

Nasdaq and the S&P 500 end the day up with Dow Jones ending down for the third straight day. General Motors (GM) is hoping to ease the pain of their widespread recall. The auto company is offering free loaners to worried customers impacted by the recall. They are also offering $500 off a new car to
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General Motors (GM) Shares Tumble on Federal Probe of Recall

March 12th, 2014

Shares of Detroit, Michigan, based General Motors Company (GM) fell on Tuesday, losing $1.91 per share, or 5.15%, to $35.18, on volume of just over 41 million shares, on a down day on Wall Street across the board. Bloomberg reported that the Justice Department has opened a criminal investigation of the company in regard to
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4.2M Enrolled in Obamacare; Stocks End Down for Second Straight Day

March 11th, 2014

U.S. stocks once again end the day down for the second straight day. After 943,000 signed up for health care in February, the total number of American’s that have signed up for private health care is above 4.2 million. While the overall number of people enrolling on a monthly basis dropped from January to February,
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Chiquita Brands (CQB) to Acquire Fyffes

March 11th, 2014

Shares of Chiquita Brands International Inc. (CQB) closed up +1.16 or +10.7 percent to $12.00 per share in regular trading on Tuesday. Early Wednesday, the company announced its plans to acquire its European counterpart, Fyffes, for $526 million. The merged entity, which will be called ChiquitaFyffes, will become the largest banana supplier and distributor in
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Sbarro’s Files for Bankruptcy Again; Boeing’s Shares Fall Amid Safety Conerns

March 10th, 2014

U.S. stock indicies fell just slightly today. Boeing’s (BA) shares fell today amid safety concerns involving the missing Boeing 777 jet. The aircraft maker dragged the Dow Jones down and was the biggest loser of the 30 stocks that make up the blue-chip index. McDonald’s (MCD) shares continue to struggle as more people are striving
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Coupons.com (COUP) Surges +87.5% on First Day

March 10th, 2014

Shares of Coupons.com (COUP) closed up +14.00 or +87.5 percent to $30.00 per share on Friday after the company had their Initial Public Offering. The company had originally priced the offering at $12-$15 per share in their initial filings to go public in October, but raised the offering price to $16 per share. The company
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Jobs Report Shows Hiring Picked Up in February

March 7th, 2014

After rallying early, the U.S. stocks end the work week mixed with the S&P 500 ending the day with another record close. While the February jobs report showed that hiring picked up more than expected, there is a caveat – economists were forecasting much weaker numbers due to the harsh winter weather. But overall the
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Store Closings Continue as S&P 500 Achieves Another Record Close

March 7th, 2014

Weekly Wrap Up After a slow start this week due to the crisis in Ukraine, the S&P 500 achieved yet another record high on Friday. The Fed’s Beige Book seems to support the notion that the harsh winter weather has played a significant role in slowing down the economy, as Yellen has been saying for
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FireEye (FEYE) Prices Follow-On Offering

March 7th, 2014

Shares of FireEye Inc. (FEYE) dropped -4.37 or -4.88 percent to $85.18 in pre-market trading on Friday, after the company announced the price of their follow-on offering of 14,000,000 shares of its common stock. The price announced was $82.00 per share. FireEye stock closed at $89.55 per share, down -6.08 or -6.36 percent in Thursday’s
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Jobless Claim Drops to Lowest Level in 3 Months; Staples to Close 225 Stores

March 6th, 2014

The S&P 500 achieves yet another record high as investors anxiously await the February Jobs Report that will be released tomorrow. Last week’s jobless claim dropped by 26,000 to its lowest level in three months. Staples (SPLS) announced that they will be closing 225 stores by the end of 2015 in part of its $500
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Sangamo BioSciences (SGMO) Stock Soars on First-In-Man Study of Genome Editing Tech

March 6th, 2014

Shares of Sangamo Biosciences Inc. (SGMO) were trading at $23.50, up +3.89 or +19.84 percent in pre-market trading Thursday morning, after news late yesterday that the New England Journal of Medicine was publishing results of the first study of the company’s proprietary zinc finger nuclease (ZFN) genome editing technology in human beings. Sangamo Bio stock
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Will Warmer Weather Bring Economic Growth?

March 5th, 2014

Stocks barely changed today as investors reacted to recent economic reports. The Fed’s Beige Book seems to support the notion that the harsh winter weather has played a significant role in slowing down the economy. Which would lead to the idea that economic growth could bounce back significantly as consumers “unleash pent-up demand” during the
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Radio Shack (RSH) Sinks on Disappointing Earnings and Announcement of Massive Store Closings

March 5th, 2014

Shares of Fort Worth, Texas, based Radio Shack Corp. (RSH) fell sharply on Tuesday, against the backdrop of a strong day on Wall Street overall. Radio Shack’s stock fell 47 cents, or 17.28%, to $2.25 per share, on volume of well over 20 million shares. The company announced lower than expected earnings for the 4th
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Radio Shack Closes 1100 Stores; Another Bitcoin Exchange Shuts Down

March 4th, 2014

Stocks rebounded today after drastically dropping yesterday, with the S&P 500 even climbing enough to end the day with yet another record high. The Dow Jones also recovered nicely today with a 224-point gain, which is its biggest gain of the year. Radio Shack (RSH) announced that they will be closing approximately 20% of its
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