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Market Commentary

Sotheby’s (BID) Stock Downgraded by Cowen & Co.

February 17th, 2015

Shares of Sotheby’s (BID) were trading down -1.91 or -4.25 percent to $42.98 in Tuesday’s premarket after news early this morning that Cowen & Co. had downgraded the stock. In addition to today’s downgrade news, the company announced on Friday that it would not pay dividends until after finding a new Chief Executive Officer. Sotheby’s
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Market Closes Week Above 18,000

February 13th, 2015

The Dow settled above 18,000 points after recovering from a slow start on Monday. Markets closed at 18.019.35 Friday afternoon, a gain of 195.27 points on the week. NASDAQ was up 149.44 over 5 days, closing Friday at 4,893.84. The S&P 500 gained over 30 points, and settled in on Friday afternoon at 2,096.99. In
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Dow Gains 47 Points, Closes Week Up

February 13th, 2015

The Dow closed the day up 46.97 and broke 18k, ending at 18,019.35. NASDAQ also grew, adding 36.23 points to close at 4,893.84. The S&P 500 was up 8.51 to finish trading at 2,096.99. World markets were mixed, with London, Germany, and Hong Kong posting gains. Japan’s Nikkei was down slightly, falling -66.12 to 17,913.36.
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Shire Plc and Valeant to Potentially Make an Offer for Salix (SLXP) Pharmaceuticals

February 13th, 2015

Shares of the Salix Pharmaceuticals Inc. (SLXP) were trading up +4.82 or +3.23 percent to $154.00 per share in this morning’s premarket. According to sources familiar with the matter, British pharmaceutical company, Shire Plc has initiated steps on making a potential bid for the company and is currently working with advisors. In a related matter,
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Dow Up 110 After Mid-Morning Dip

February 12th, 2015

The Dow rose 110.24 points today, settling at 17,962.38, after a late-morning surge saw profits rise on an unexpectedly high trade volume. NASDAQ also rose, up 56.43 points to 4,857.61. The S&P 500 gained 19.95 points to finish the day at 2,088.48. Markets were also up across the world, with Germany’s DAX and Japan’s Nikkei
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WhiteWave Foods (WWAV) Reports Better than Expected Revenue

February 12th, 2015

Shares of the WhiteWave Food Company (WWAV) were up +1.32 or +3.71 percent to $36.86 per share in premarket trading on Thursday after the company announced earnings early this morning. Earnings per share were in line with expectations, but WhiteWave reported higher than anticipated revenue for the company’s fiscal fourth quarter. WhiteWave Foods stock closed
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Electronics Up on a Flat Day for the Markets

February 11th, 2015

The Dow closed down 6.62 points today, falling to 17,862.14 at the end of the trading day. NASDAQ was up 13.53 points to 4,801.18 and the S&P closed at 2,068.53, down less than a tenth of a point. World markets were nearly all down as well, with Hong Kong’s Hang Seng losing 213.08 points to
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Martin Marietta Materials Inc. (MLM) On Strong 4th Quarter Results

February 11th, 2015

Shares of Raleigh, North Carolina, based Martin Marietta Materials Inc. rose on Tuesday, against the backdrop of a strong day in stocks across the board. Martin Marietta Materials stock was up sharply, rising 15.17%, or $18.18 per share, to close at $137.24, on volume of 3,942,387 shares. The company reported that its net income from
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Markets Up As Earnings Reports Continue to Trickle Out

February 10th, 2015

The Dow was up 139.95 points today, closing at 17,868.76 despite a lower than average trading volume. NASDAQ rose 61.64 points to close at 4,787.65, and the S&P 500 gained 21.83 points to finish the trading day at 2,068.57. In overseas trading, Germany’s DAX snapped a 3-day losing streak and gained 90.32 points to close
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Coupons.com (COUP) Stock Hammered on Earnings, Guidance

February 10th, 2015

Shares of Coupons.com Incorporated (COUP) were trading at $9.90 per share, off -4.61 or -31.77 percent in this morning’s premarket after the company announced lower than expected earnings and guidance after the market close yesterday. Coupons.com Inc. stock closed at $14.51 per share, down -0.19 or -1.29 percent in Monday’s regular trading session. Mountain View,
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Dow Falls 95.08 After a Mixed Day of Trading

February 9th, 2015

The Dow finished the day down -0.55%, closing out at 17,729.21 after a mixed day of trading. The NASDAQ fell -0.39% to end the day at 4,726.01, and the S&P 500 dropped -0.42% to close at 2,046.74. In overseas trading, Japan’s Nikkei continued a streak of gains, adding on another 0.36% to close at 17,711.93
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Motorola Solutions (MSI) Possibly Looking For Buyer

February 9th, 2015

Shares of Motorola Solutions Inc. (MSI) were trading at $67.51 per share, up +2.85 or +4.41 percent in Friday’s premarket after news late last week and early this morning that the company was looking for potential buyers. Motorola Solutions stock closed at $64.66 per share, up +0.66 or +1.03 percent in Friday’s regular trading session.
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Dollar Strengthens as Markets Close the Week Up

February 6th, 2015

The Dow finished up this week despite a flat Wednesday and losses on Friday. All told, the market gained 3.84% over 5 days, starting the week at 17,165.26 and ending it at 17,824.29. It was a similar story for the NASDAQ, which rose 2.36% on the week and closed at 4,744.40. The S&P 500 was
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Markets Take an Afternoon Tumble to Finish Friday Down

February 6th, 2015

Despite strong morning trading, the Dow finished the day down -0.34% to 17,824.29. The NASDAQ and S&P 500 followed suit, with the NASDAQ dropping -0.43 to 4,744.40 while the S&P 500 fell down -0.34% to 2,055.47. In overseas trading, markets were mixed across Europe while Japan’s Nikkei continued a week-long surge to end the day
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LinkedIn (LNKD) Stock Soars on 4Q Earnings Results

February 6th, 2015

Shares of LinkedIn Corp. (LNKD) were trading at $264.00 per share, up +26.03 or +10.94 percent in Friday’s premarket after the company released better than expected fourth quarter earnings after Thursday’s market close. LinkedIn stock closed at $237.97 per share, up +5.94 or +2.56 percent in Thursday’s regular trading session as the Dow climbed 200
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Markets Up Despite Cyberattacks; Who’s Next?

February 5th, 2015

All major sectors were up today with materials and healthcare taking the lead. Another Cyberattack Hits. Anthem (ANTM), the second largest health insurer in the US was hit by a massive cybersecurity breach. Investigators suspect the intruders obtained personal financial information including social security numbers, for nearly 80 million customers. The company stated: Anthem Blue
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Hospira Inc. (HSP) to be Acquired by Pfizer for $15.2 Billion

February 5th, 2015

Shares of Hospira Inc. (HSP) were trading up +22.88 or +35.31 percent to $87.68 per share in Thursday’s premarket after news broke early this morning that the company would be taken over by Pfizer Inc. (PFE) in a $15.2 billion deal. Hospira stock closed at $64.80 per share, up +1.10 or +1.73 percent in Wednesday’s
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Flat Day for the Markets Despite Strong Retail Gains

February 4th, 2015

The Dow was flat today after an afternoon spike in share value didn’t stick. It gained 0.04% on the day to finish at 17,673.02. The NASDAQ and S&P 500 were both down, with NASDAQ falling -0.23% to 4,716.70 and the S&P 500 shedding -0.42% to close at 2,041.51. In overseas trading, Japan’s Nikkei was the
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Rent-A-Center, Inc. (RCII) Falls On Lower 4th Quarter Results

February 4th, 2015

Shares of Plano, Texas, based Rent-A-Center, Inc. (RCII), fell sharply on Tuesday, against the backdrop of a strong upturn in stocks overall. Rent-A-Center’s stock fell 13.65%, dropping $4.78 per share, to close at 30.25, on volume of 5,021,443 shares. The company reported that both earnings and revenue for the fourth quarter of 2014 came in
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Oil Hits Two Week Highs, Dow Gains 305.56

February 3rd, 2015

The Dow continued to make gains today, piling on 305.36 points in order to close up 1.76% to 17,666.40. The NASDAQ rose as well, up 1.09% to 4,727.74. The S&P 500 grew 1.44% to finish at 2,050.03. World markets were largely up, with London’s FTSE climbing 90.42 points to 6,871.80 and Germany’s DAX gaining 63.31
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