Search

Market Commentary

Chesapeake (CHK) Considering Sale of Oil Services Division

February 24th, 2014

Shares of Chesapeake Energy Corporation (CHK) were trading up +0.41 or +1.54 percent to $26.98 per share in pre-market trading early Monday, after the company announced it was considering strategic alternatives for its Oilfield Services Division. Chesapeake Energy stock closed at $26.57, down -0.08 or -0.30 percent to $26.57 in Friday’s regular trading session. Oklahoma
Read the full article…

Short Week Reveals Continual Stock Trouble as Fed Releases January Minutes

February 21st, 2014

Weekly Wrap Up The U.S. stock market had a short week after being closed on Monday for President’s Day. And the trend of stocks this year continues, they repeatedly end the day down or mixed. Despite President Obama’s big push to raise the minimum wage to $10.10, many believe that there would be serious consequences
Read the full article…

Amazon Prime Cost May Increase in the US; UA’s Shares Jump Higher

February 21st, 2014

The three main benchmarks in the U.S closed down today due to volatile trading. Is Amazon (AMZN) about to raise their Amazon Prime price in the U.S.? Amazon raised its prime prices in Europe by 64% and some think that these increases will eventually come to the United States. Despite Under Armour (UA) being the
Read the full article…

Groupon (GRPN) Off on Earnings, Weaker Forecast

February 21st, 2014

Shares of Groupon Inc. (GRPN) were off -1.38 or -13.42 percent to $8.90 per share in premarket trading on Friday, after the company’s fourth quarter earnings came in better than expected, but forecast weaker earnings for their 2014 fiscal year. Groupon stock closed at $10.28, up +0.26 or +2.58 percent in Thursday’s regular trading session.
Read the full article…

U.S. Economy Continues to Expand; Walmart Suffers in Q4

February 20th, 2014

U.S. stocks close the trading day up after reports about the U.S. economy and manufacturing were released showing continuing expansion. Walmart (WMT) experienced a large drop in sales in the fourth quarter of 2013, revealing a profit loss of 21%, showing that all retailers no matter what the size had a rough end to 2013.
Read the full article…

Tesla (TSLA) Stock Soars on Earnings, Outlook

February 20th, 2014

Shares of Tesla Motors Inc. (TSLA) were trading up +19.66 or +10.15 percent to $213.30 per share in pre-market trading on Thursday, after the company announced fourth quarter earnings late yesterday. Tesla closed at $193.64 per share, down -10.06 or -4.94 percent in Wednesday’s regular trading session. Adding to the better than expected earnings results,
Read the full article…

Stocks End Down After the Fed Release Their January Minutes

February 19th, 2014

All of the major stock indices in the U.S. ended down today after the Fed’s minutes were released. The minutes from the Fed’s meeting at the end of January showed that the majority of its members continue to agree on tapering the stimulus despite some lower than expected economic reports. The housing market fell for
Read the full article…

Coca-Cola (KO) Falls on Lower than Expected Revenues

February 19th, 2014

Shares of Atlanta, GA, based Coca-Cola Company (KO) declined on Tuesday, falling $1.46, or 3.75%, to $37.47, on volume of 46,195,701 shares, on a mixed day on Wall Street. The company reported adjusted earnings of 46 cents per share, in line with advanced estimates. But revenue came in at $11.04 billion, below preliminary estimates. The
Read the full article…

An Apple-Tesla iCar May Be Created; Consequences of Raising the Minimum Wage

February 18th, 2014

U.S. stocks end mixed after being closed yesterday for President’s Day. Tesla’s (TSLA) shares rose today, achieving a record high, as rumors swirl about Tesla Motor’s CEO meeting with Apple’s (AAPL) acquisition chief. Rumors have existed for almost a year that Apple is interested in purchasing Tesla Motors to acquire CEO Elon Musk who could
Read the full article…

Forest Labs (FRX) to be Taken Over by Actavis for 25B

February 18th, 2014

Shares of Forest Laboratories Inc. (FRX) were up +25.24 or +35.36 percent to $96.63 per share in pre-market trading on Tuesday, after news that Actavis Plc (ACT) had agreed to purchase the company for $25 billion. Forest Laboratories stock closed at $71.39, up +1.05 or +1.49 percent in Friday’s regular trading session, giving the company
Read the full article…

GNC (GNC) Misses on Earnings, Revenue, Shares Off 14 Percent

February 17th, 2014

Shares of GNC Holdings (GNC) closed down -7.64 or -14.64 percent to $44.72 per share on Friday, after the company announced fourth quarter earnings after Thursday’s close. The company reported adjusted earnings of $60.6 million, or $0.63 per share, versus $49.8 million, or $0.50 for the same quarter one year ago. Fourth quarter revenue came
Read the full article…

Best Weekly Gains of 2014; Customers Wary of New Cable Deal

February 14th, 2014

All three main indices end up today posting the best weekly gains of 2014. Weight Watchers (WTW) shares fell 27% today as fewer people are enrolling in health management programs, opting for weight-loss apps on smartphones. Campbell Soup (CPB) reported that their fiscal second quarter earnings rose as sales of snacks is steadily increasing. Its
Read the full article…

Export Prices Continue to Rise; Jos. A. Bank to Purchase Eddie Bauer

February 14th, 2014

Weekly Wrap Up After experiencing a tough year so far, the stocks ended this week with the best weekly gains of 2014. Export prices rose 0.2% in January, for the third straight month, showing a positive outlook for American manufactures. Due to the harsh winter weather the the country has experienced over the past month
Read the full article…

Weight Watchers (WTW) Stock Pummeled After Earnings

February 14th, 2014

Shares of Weight Watchers International Inc. (WTW) were trading down -5.83 or -19.06 percent to $24.75 per share in pre-market trading on Friday, after the company reported earnings following the market close on Thursday. Weight Watchers stock had closed at $30.58, up +0.90 or +3.03 percent in Thursday’s regular trading session. Fourth quarter earnings missed
Read the full article…

IPO Surge in 2014; GM Recalls 778,000 Cars

February 13th, 2014

The  three main U.S. stock indices ended up today despite the fact that retail sales in January dropped 0.4%. After months of deliberation Time Warner Cable (TWC) and Comcast (CMCSA) have finally come to an agreement. The companies confirmed today that they are entering a $45.2 billion deal to combine the nation’s two largest cable
Read the full article…

Time Warner Cable (TWC) to be Acquired by Comcast in 45B Deal

February 13th, 2014

Shares of Time Warner Cable (TWC) were up +20.19 or +14.92 percent to $155.50 per share in pre-market trading early on Thursday, after news that Comcast (CMCSA) would be taking the company over in a deal worth over $45 billion. Time Warner Cable closed at $135.31 per share, up +0.41 or +0.30 percent in Wednesday’s
Read the full article…

Obamacare Enrollment Increases; Home Depot to Hire 80,000

February 12th, 2014

Stocks end mixed the day after the Dow Jones achieved a 4-day rally. Congress decided to suspend the debt limit until March of 2015. The vote strictly aligned with party lines, with the Democrats supporting it while the Republicans voted in opposition. More Americans are enrolling in Obamacare as the number has reached 3.3 million
Read the full article…

Sprint (S) Up on Improved 4th Quarter Results

February 12th, 2014

Shares of Overland Park, Kansas, based Sprint Corporation (S) closed higher on Tuesday, up 21 cents per share, or 2.73%, to close at $7.90, on volume of 44,210,253 shares. The company reported that its fourth-quarter net loss was lower than what had been forecast by advanced estimates. The company’s total revenue increased, and the number
Read the full article…

Yellen Says the Economy is Improving; Barclay’s Cuts 12,000 Jobs

February 11th, 2014

The Dow rallies for its first four-day winning streak of 2014. Janet Yellen, the  chair of the Federal Reserve announced that she believes that the economy is improving at a moderate pace. But she did downplay the recent slowdowns in job growth saying that it may be to early to jump to any conclusions. Britain’s
Read the full article…

Rackspace Hosting (RAX) Stock Declines After Earnings, CEO Retires

February 11th, 2014

Shares of Rackspace Hosting Inc. (RAX) were off -4.56 or -11.30 percent in pre-market trading on Tuesday after the company announced fourth quarter earnings after the close on Monday. Rackspace stock closed at $40.36, up +0.85 or +2.15 percent in Monday’s regular trading session. The company reported earnings of $0.14 per share in line with
Read the full article…