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Market Commentary

Goldcorp (GG) to Buy Probe Mines

January 20th, 2015

Shares of Goldcorp Inc. (GG) were up +0.62 or +2.60 percent to $24.43 per share in premarket trading this morning, after news that the company had made a bid on Probe Mines Ltd., a smaller gold miner. Goldcorp Inc. stock closed at $23.81 per share, up +1.12 or +4.94 percent in Friday’s regular trading session.
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Dow Ends 5-Day Losing Streak; The End of Bitcoin May Be Near

January 16th, 2015

After closing down all the week the Dow snaps a 5-day losing streak and ends the day up around 200 points. Despite the rebound, both the Dow and the S&P 500 are down 1.3% for the week. While Swiss Franc has been getting all of the attention this week, the real problem is Bitcoin. In
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Oil Falls to a 6-Year Low; The Fed Rate Hike Discussion Continues

January 16th, 2015

Weekly Wrap Up Falling oil prices continued to drag stocks down, as crude oil prices fell to $45 a barrel this week – a 6 year low. Many have begun speculating that oil prices will never return to the once common $100 a barrel price that it used to fetch. While falling oil prices are
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FXCM (FXCM) Could be Insolvent After SNB Move

January 16th, 2015

Shares of FXCM Inc. (FXCM) were trading down -11.00 or -87.09 percent to $1.63 per share in this morning’s premarket. The company is trying to meet capital requirements after many of its clients lost massive amounts of money in the Swiss Franc after the Swiss National Bank removed its peg on the Euro. FXCM stock
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Target & Sony Close Canadian Stores; Dow Falls 100 Points

January 15th, 2015

The Dow falls an additional 100 points today while the Nasdaq closes down 1.5% as falling oil prices continue to rattle investors. Iconic U.S. stores and brands just don’t seem to be performing as well in Canada. Target (TGT) announced today that they will be pulling out of Canada after losing over $2 billion while
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Best Buy (BBY) Stock Drops on Same-Store Sales Expectations

January 15th, 2015

Shares of Best Buy Co. Inc. (BBY), were trading down -4.05 or -10.15 percent to $35.82 per share in Thursday’s premarket, after the company released its revenue results for the nine weeks ending on January 4th, 2015 early this morning. The company reported an increase in revenue, but expects no growth in same store sales
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U.S. Stock Indexes Down 2% in 2015; Retail Sales Down 0.9% in December

January 14th, 2015

Stocks end the day down after a disappointing reading on December retail sales and multiple profit misses from earnings reports. Consumer purchases fell 0.9% in December when economists were expecting a 0.1% increase, this decrease was lead by gas station sales which was down 6.5% due to a drastic drop in pump prices. The Fed
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KB Home (KBH) Falls After Missing Fourth Quarter Profit Forecast

January 14th, 2015

Shares of Los Angeles, CA, based KB Home (KBH) fell on Tuesday, against the backdrop of a mildly lower day in stocks overall. The company’s stock was down 16.29%, falling $2.70 per share to close at 13.87, on volume of 35,014,762 shares. The company reported that its fourth quarter earnings missed expectations, and that demand
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GoPro Shares Fall 12%; Aetna Raises Its Minimum Wage to $16

January 13th, 2015

The rebound today was short-lived as U.S. stocks ended the day in the red. The Dow had a 280-point gain earlier in the day, but that completely evaporated showing how volatile the stock market has been so far in 2015. GoPro’s (GPRO) shares fell drastically today after Apple (AAPL) was awarded a patent for a
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ChannelAdvisor (ECOM) Stock Dives on Revenue Miss

January 13th, 2015

Shares of ChannelAdvisor Corp. (ECOM) were off -8.00 or -37.83 percent to $13.15 per share in this morning’s premarket, after the company warned shareholders yesterday that the company would not meet its revenue guidance for the fourth quarter. ChannelAdvisor stock closed at $21.15 per share, off -0.60 or -2.76 percent in Monday’s regular trading session.
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Crude Oil Falls 5%, Down to $45.85 a Barrel

January 12th, 2015

U.S. stocks continue their downward spiral, in sync will crude oil’s downward trend. Crude oil fell an additional 5%, down to $45.85 a barrel – a 6 year low. One Saudi Arabian prince even said that he doesn’t believe oil will ever return to $100 a barrel due to falling demand and excess supply. Investors
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Roche to Acquire Majority Interest in Foundation Medicine (FMI)

January 12th, 2015

Shares of Foundation Medicine Inc. (FMI) were trading up +25.81 or +107.86 percent to $49.74 per share in Monday’s premarket, after news late last night that Roche Holdings AG would be buying a majority interest in the company. Foundation Medicine stock closed at $23.93 per share, up +0.78 or +3.37 percent in Friday’s regular trading
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Stocks in the Red for 2015

January 9th, 2015

Weekly Wrap Up U.S. stocks made great strides this week to recoup its recent losses on Thursday, but fell further on Friday. U.S. stock indexes are now in the red in 2015 despite a better-than-expected jobs report being released on Friday. 252,000 jobs were added in December and the unemployment rate fell to 5.6%, a
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252,000 Jobs Added in December as Unemployment Rate Falls to 5.6%

January 9th, 2015

U.S. stock indexes end the week in the red and are now back in the red for 2015 despite a better-than-expected jobs report. 2014 ended as the best year for hiring in 15 years with healthy gains in December. 252,000 jobs were added last month as the unemployment rate fell to 5.6%, a six-year low.
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Bed Bath and Beyond (BBBY) Stock Off on Sales Miss

January 9th, 2015

Shares of Bed Bath and Beyond Inc. (BBBY) were trading down -3.45 or -4.34 percent to $76.00 per share in Friday’s premarket, after the company released its third quarter earnings late yesterday. Bed Bath and Beyond stock closed at $79.45 per share, up +1.24 or +1.59 percent in Thursday’s regular trading session. Union, New Jersey
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J.C. Penney To Close 40 Stores; Dow Erases 2015 Losses

January 8th, 2015

Stocks have achieved a much needed rebound as the Dow surged 322 points today, erasing the Dow’s recent losses in 2015. All three main U.S. stock indexes are now positive in 2015 as investors are welcoming stabilizing oil prices. Multiple companies announced their layoff plans for 2015. Despite their better-than-expected holiday shopping season, J.C. Penney
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GW Pharmaceuticals (GWPH) Stock Lower After Results of First Sativex Phase 3 Trials

January 8th, 2015

Shares of GW Pharmaceuticals plc (GWPH) were trading down -9.50 or -13.36 percent to $61.56 per share in this morning’s premarket, after the company announced early this morning the results of the first of three its investigational product, Sativex in Phase 3 trials. The company also released an update on its development program for Epidiolex,
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The Fed Expects A Strong U.S. Economy in 2015

January 7th, 2015

Stocks finally recover after ending in the red for the past 5 days. The slow start for stocks is the worst start since 2008 and the S&P 500 has never suffered a loss during the third year of a presidential cycle. The Fed is expecting a strong U.S. economy in 2015 and showed optimism in
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hhgregg (HGG) Falls on Withdrawal of 2015 EBITDA Guidance

January 7th, 2015

Shares of Indianapolis, Indiana, based hhgregg (HGG) fell sharply on Tuesday, against the backdrop of a down day in stocks overall. hhgregg’s stock fell 22.48%, losing $1.63 per share, to close at $5.62, on volume of 1,653,380 shares. The company’s stock began selling off after it announced that it is withdrawing its Fiscal Year 2015 EBITDA
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U.S. Stocks Rebound Short Lived, End the Day Lower

January 6th, 2015

Stocks continue to fall as a close came to the second day of the stock sell-off. The slow start to 2015 has been due to sinking oil prices, political and economic troubles from around the world, and weaker than expected U.S. economic data. The 10-year U.S. bond falls below 2%, hitting a 19-month low. This
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