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Market Commentary

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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Office Depot (ODP) in Talks to Merge With Staples

February 3rd, 2015

Shares of Office Depot Inc. (ODP) were up +1.17 or +15.33 percent to $8.80 in Tuesday’s premarket after news that the company was in advanced talks to combine with Staples Inc. (SPLS) While no price has been mentioned and no guarantee that a merger would occur, pressure from an activist investor has made the transaction
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Dow Gains Ground While Retail and Energy Sectors Rise

February 2nd, 2015

After a slow start and a somewhat rocky afternoon, the Dow closed up 196.09 points for a gain of 1.14% to finish at 17,361.04. The NASDAQ gained 41.45 points and closed out at 4,676.69, while the S&P 500 put on 25.86 points and ended the day at 2,020.85. Overseas markets were mixed, with -0.66% losses
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Five Stocks to Watch in February

February 2nd, 2015

After Friday’s -251 point or -1.5 percent decline in the Dow Jones Industrial Average, the bellwether index finished the month of January down -3.7 percent overall at 17,166. Friday also saw the S&P 500 Index decline by -26.26 or -1.3 percent ending the month at 1,994.99, while the tech laden Nasdaq composite index closed down
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Earnings Reports Lead to Volatile Week for the Market

January 30th, 2015

Most companies released their earnings reports this week, leading to dramatic moves in the market. Although there were big localized spikes and losses, the trend toward falling oil and gas prices continued to dominate the energy sector. Consumer durable goods picked up the pace this quarter, leading to some surprising profits for home builders. All
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Google and Amazon Up, Oil Finishes Down as Dow Loses 251.90

January 30th, 2015

After a mixed day of trading the Dow loses 251.90 points to 17,164.95. NASDAQ followed suit, losing 48.17 to end at 4,635.24, and the S&P 500 lost 26.26 and ended the day at 1,994.99. The overseas markets also had a tough day, with Hong Kong’s Hang Seng dropping 88.80 points to 24,507.05 and England’s FTSE
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Oil Still Falling, Markets Up

January 30th, 2015

Markets rallied today despite mixed messages from major tech firms as well as still declining prices for global crude. The NASDAQ would finish up 42 points, 0.90%, at 4678 with the S&P 500 following closely behind in gains with a 0.87% gain, gaining 17 points on the day and finishing at 2020. North American markets
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Intercept Pharmaceuticals (ICPT) Receives Breakthrough Therapy Designation from FDA

January 30th, 2015

Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +57.31 or +33.58 percent to $228.00 per share in pre-market trading on Thursday, after the company announced late yesterday its investigational product, obeticholic acid (OCA) had received “breakthrough therapy designation” from the U.S. Food and Drug Administration (FDA) for the treating patients with nonalcoholic steatohepatitis (NASH). Intercept
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Strong Afternoon Trading Leads Dow to Solid Gains

January 29th, 2015

The Dow closed strong today in end of day trading, gaining 225.48 points to finish up 1.31% 17,416.85. NASDAQ gained 45.42 points to close at 4,683.41, and the S&P 500 finished up 19.09 points in order to close at 2,021.25. In world markets, Japan’s Nikkei and Hong Kong’s Hang Seng both fell just over 1%
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Alibaba (BABA) Stock Hammered after Earnings

January 29th, 2015

Shares of the Alibaba Group Holdings Ltd (BABA) were trading down -6.40 or -6.50 percent to $92.05 per share in this morning’s premarket after the company released earnings early this morning. Alibaba reported a better than expected profit for its third quarter, but revenue which did not meet analyst expectations. Alibaba stock closed at $98.45,
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Q1 Earnings Reports and Falling Oil Lead to a Mixed Market

January 28th, 2015

After losses late in the day, the Dow closed down 189.67 points, finishing out at 17,197.54. NASDAQ dropped to 4,637.99, a loss of 43.51 points, while the S&P 500 lost 27.39 points to finish at 2,002.16. World markets were mixed, with gains for the UK’s FTSE of 0.21% and losses in China’s Shanghai Composite Index
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Apple (AAPL) Rises After Hours on Higher than Expected Holiday Quarter Results

January 28th, 2015

Shares of Cupertino, California, based Apple, Inc. (AAPL) rose in after-hours trading on Tuesday, though the stock closed somewhat lower against the backdrop of a sharp sell-off in stocks overall. Apple’s stock closed down $3.96, falling 3.50% to close at $109.14, on volume of 95,568,749 shares. However, just minutes after the market closed, the company
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Dow Falls 291 Points After Companies Give Bleak 2015 Outlook

January 27th, 2015

Stocks end the day down as disappointing earning reports roll in. The Dow ended the day down 291 points, Nasdaq fell 90 points and the S&P 500 was down 27 points at the end of the trading day. Proctor & Gamble (PG) and Caterpillar (CAT) cut their sales and profit forecasts for 2015, signalling a
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Microsoft (MSFT) Stock Off on Lower Quarterly Profit

January 27th, 2015

Shares of Microsoft Corporation (MSFT) were trading down -3.47 or -7.38 percent to $43.54 in Tuesday’s premarket after the company reported late yesterday a lower profit for its second quarter despite a rise in revenue. In addition to the earnings news, several analysts downgraded the company’s stock. Microsoft stock closed at $47.01, down -0.17 or
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