Internet search giant Google (GOOG) surprised the market last week after it announced that it was investing in grocery delivery. The project, Google Shopping Express, is currently being tested on a small group of consumers in San Francisco and the B…
Market Commentary
Google (GOOG) Becomes a Grocer
April 4th, 2013Markets Retreat on Weak Economic Data, North Korea Concerns (ZNGA)
April 3rd, 2013Stocks pulled back on Wednesday after a report showed lower-than-expected private-sector hiring in March, which worried investors ahead of Friday’s jobs report. Concern over North Korea also weighed on markets after U.S. Secretary of Defense Hage…
Five Stocks to Watch in April
April 3rd, 2013 The stock market continued higher in March, ending 2013′s first quarter on an extremely positive note. Tuesday’s rally, with the Dow rising 89 points took the index to new all time highs and into uncharted territory.
The Dow closed at 14,662 on Tue…
Wall Street Rises on Cyprus Deal, Healthcare Industry News (HPQ, HTZ)
April 2nd, 2013Stocks rose on Tuesday after Cyprus reached a bailout deal, still requiring ratification, in which it will receive a 10 billion Euro loan. Healthcare stocks saw strong gains after the government dropped plans to cut payments for private Medicare …
Amazon.com (AMZN) Purchases Goodreads
April 2nd, 2013Last week, e-commerce giant Amazon (AMZN) announced that it would purchase Goodreads, a niche book recommendations social site with more than 16 million members. Goodreads’ members have added 530 million books to their digital collections, and writt…
Markets Retreat After Weak Manufacturing Report (TSLA, EBAY)
April 1st, 2013All of the major markets ended the first trading day of the quarter lower on Monday after the manufacturing sector unexpectedly slowed in March. Following last Thursday’s record closing price, the S&P500 declined for the first time to begin a…
Apple (AAPL) Gets a Double Whammy of Bad News
April 1st, 2013Things have been rough for Apple (AAPL) shareholders over the past year. The stock, once the darling of Wall Street, has fallen over 25% over the past twelve months. CEO Tim Cook’s performance after Steve Jobs’ departure has been mixed, as South Kor…
US Indices Finish Strong for the Quarter; Euro Zone Concerns Continue
March 29th, 2013Weekly Wrap Up This week in the US multiple reports signified economic healing and caused consumer sentiment to jump after an initial decline at the beginning of March. Consumer spending increased by the most in about five months and the jobs market saw good news with a rise in income and the number of new
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BlackBerry (BBRY) Plunges on the Z10′s Lackluster Reception
March 29th, 2013Shares of Research in Motion (BBRY), which was recently renamed BlackBerry, plunged last week after analysts at Deutsche Bank issued a report claiming that initial sales of the BlackBerry Z10 were very poor, even in the company’s native Canada. The Z10, which runs on BlackBerry’s eagerly anticipated BlackBerry 10 platform and uses a full touch
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S&P Rises Above Record Close as Markets Finish a Strong Quarter
March 28th, 2013All major indices closed the quarter on a positive note Thursday after news that the economy had expanded more in Q4 than was previously estimated by the government. The S&P 500 closed above it’s previous record high and has gained nearly 10%…
Nike (NKE) Regains its Footing with a Strong Third Quarter
March 28th, 2013Shares of footwear and athletic apparel retailer Nike (NKE) rallied last week, after the company reported strong third quarter earnings that exceeded analyst estimates. For the quarter ending on February 28, the Beaverton, Oregon-based company earned 73 cents per share, or $662 million, a 16% improvement from the 61 cents per share, or $569 million,
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Stocks Flat on Wednesday as Investors Worry Over Euro Zone (FB, AOL)
March 27th, 2013The Dow was down 33 points and the S&P and NASDAQ were relatively unchanged on Wednesday following weak demand at an Italian debt auction, which fueled concerns over the financial stability of the euro zone. The debt crisis in Cyprus remained…
Fed Asks Citigroup (C) to Improve Money Laundering Controls
March 27th, 2013Shares of Citigroup Inc. (C) closed up +0.34 or +0.76 percent to $44.83 per share on Tuesday, after news that the Federal Reserve had ordered the company to improve its policing methods for money laundering. In a consent order dated March 21st and m…
Home Prices and Durable Goods Orders on the Rise; S&P Nears Record
March 26th, 2013Mixed economic reports were released on Tuesday, causing the US indices to edge up towards the end of the day. The Dow finished at a new record high of 14,559.65. Positive news came from the housing and manufacturing industries, with a rise in average prices for new homes and a 5.7% boost in durable goods
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Global Macro Woes Ground FedEx (FDX)
March 26th, 2013FedEx (FDX), which is considered a bellwether of the health of the global economy reported third quarter earnings that missed analyst estimates, raising concerns that the economy is actually weaker than the stock market would have investors believe….
Markets End Lower as Cyprus Reaches Last-Minute Deal (APOL, DELL)
March 25th, 2013On Monday global markets and particularly shares of major banks retreated after Cyprus reached a deal for an aid package worth $13 million. The late agreement will keep Cyprus within the euro zone but comes at a great cost to investors. Stocks in the US were down also as many became wary of the Cyprus
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Oracle (ORCL) Falls From the Cloud
March 25th, 2013Shares of software giant Oracle (ORCL) were crushed last week, after the company reported weak earnings that missed analyst estimates on both the top and bottom lines. For its third quarter, the Redwood City, Calif.-based company earned 52 cents per…
Markets Await Cyprus Bailout Deal, End Down for the Week
March 22nd, 2013Weekly Wrap Up This week investors and economists turned to the euro zone as lawmakers rejected a bailout deal in Cyprus and worked on a different resolution. In the US, Chairman Bernanke stated that the Fed would continue to support their current stimulus plan as the economy seems to be continuing to recover moderately. The
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Street Eases Up on Friday; Blackberry Releases Z10 (BBRY, TIF)
March 22nd, 2013Corporations were in focus on Friday and the major indices in the US managed to snap their losing streak by the close of the bell. Blackberry (BBRY) released its latest smartphone and was trading about 4% higher midday before its rally fizzed out. Tiffany & Co. (TIF) surged after releasing Q4 earnings that beat estimates.
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April 4th, 2013In a mostly mixed trading day on Thursday, stocks crawled higher after the Bank of Japan announced aggressive new stimulus measures to help fight deflation. That good news for investors was offset by an unexpected jump in weekly jobless claims, t…
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