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Market Commentary

Radio Shack (RSH) Sinks on Disappointing Earnings and Announcement of Massive Store Closings

March 5th, 2014

Shares of Fort Worth, Texas, based Radio Shack Corp. (RSH) fell sharply on Tuesday, against the backdrop of a strong day on Wall Street overall. Radio Shack’s stock fell 47 cents, or 17.28%, to $2.25 per share, on volume of well over 20 million shares. The company announced lower than expected earnings for the 4th
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Radio Shack Closes 1100 Stores; Another Bitcoin Exchange Shuts Down

March 4th, 2014

Stocks rebounded today after drastically dropping yesterday, with the S&P 500 even climbing enough to end the day with yet another record high. The Dow Jones also recovered nicely today with a 224-point gain, which is its biggest gain of the year. Radio Shack (RSH) announced that they will be closing approximately 20% of its
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DISH Network (DISH) Signs Landmark Deal with Disney

March 4th, 2014

Shares of DISH Network Corp. (DISH) closed up +0.04 or +0.07 percent to $58. 88 per share on Monday. After the market close, the company announced a groundbreaking long-term agreement with The Walt Disney Company (DIS) that will allow DISH customers the option of streaming television programming over the Internet, versus receiving programs through a
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Crisis in Ukraine Leads To Sharp Drop; Car Companies Sales Suffer

March 3rd, 2014

Stocks drop sharply today due to all of the conflict in Ukraine, with the Dow Jones falling nearly 160 points. The only good news is that history shows that major events typically don’t keep the market down for extended periods of time. The harsh winter weather lead to a drop in sales for many car
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Five Stocks to Watch in March

March 3rd, 2014

The month of February saw the U.S. stock market continue making new all-time highs, with the S&P 500 making new record closes both on Thursday and Friday. While the broader based Russell 2000 outpaced larger cap indexes, the benchmark Dow Jones Industrial Average lagged the rest of the market. So far this year, the DJIA
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Gas Prices Jump as S&P 500 Closes at All-Time High Again

February 28th, 2014

Weekly Wrap Up After closing at a record high on Thursday, the S&P 500 bested that record high and ended even higher on Friday. After gas prices continued to fall at the end of 2013, they seem to be rising once again. Prices are up 17 cents in the past 21 days nationwide, on the
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Another Record Close for the S&P 500; Stocks Post Strong Gains in February

February 28th, 2014

After powering past its all-time closing high on Thursday, the S&P 500 did it once again and closed at another record high on Friday. In February the U.S. stocks fared pretty well, with Nasdaq adding 5% and the Dow Jones and S&P 500 both gaining 4%. Popular restaurant deliverer, GrubHub, has plans to file an
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Gap (GPS) Beats Estimates, Increases Dividend

February 28th, 2014

Shares of The Gap Inc. (GPS) closed down -0.23 or -0.52 percent to $43.68 per share on Thursday. Shares traded mildly lower in this morning’s pre-market, after the company announced earnings late yesterday. The company reported a profit of $307 million, or $0.68 per share, versus $351 million, or $0.73 per share in the same
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S&P 500 Hits Record Close; Breaches in California Impact 21.3 Million

February 27th, 2014

The S&P 500 jumped today to end the day with a record close. Janet Yellen testified before Congress recognizing that economic data has been slow over the past couple of months, but she believes that the harsh winter weather is partially to fault. California requires that companies report data breaches to the state that impact
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J.C. Penney (JCP) Stock Gains on Higher Earnings, Forecast

February 27th, 2014

Shares of J.C. Penney Company Inc. (JCP) were trading +0.84 or +14.09 percent higher to $6.80 per share in pre-market trading on Thursday, after the company announced better than expected earnings for the company’s fourth quarter and full year ended February 1st. The company’s net profit for the quarter was the first quarterly profit J.C.
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Target’s Net Income Fell 46%; Credit Suisse Admits Helping Americans Evade Taxes

February 26th, 2014

After climbing during the morning trading session, the stocks reversed and ended with only small gains on the day. Target’s (TGT) woes aren’t over yet. After experiencing a massive security breach at the end of 2013 they are beginning to feel the financial consequences. Target’s net income fell 46% in the fourth quarter, in comparison
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InterMune (ITMN) Soars on Lung Disease Treatment Tests

February 26th, 2014

Shares of Brisbane, CA, based InterMune Inc. (ITMN) soared on Tuesday, on news that its Pirfenidone drug has produced positive test results. The drug is used to treat a fatal lung disease, and had previously been rejected by federal regulators. InterMune’s stock was up 170.77%, or $23.84, to close at $37.50. More than 50 million
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JPMorgan to Cut 8,000 Jobs; Tesla Named Top Vehicle Pick

February 25th, 2014

Stocks finished the day flat with the three main indices ending in the red. JPMorgan Chase (JPM) announced early this morning that they will be eliminating around 8,000 jobs. The nation’s biggest bank cited that a drop in the demand for refinancing is the cause behind the need to eliminate all these jobs. General Motors
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Cisco (CSCO) Raises 8B in Bond Offering

February 25th, 2014

Shares of Cisco Systems Inc. (CSCO) closed down – 0.01 or -0.05 percent on Monday to $22.12 per share. The company sold $8 billion in bonds yesterday in the largest debt offering this year and the largest by a publicly held company since Verizon Communications (VZ) issued a massive $49 billion in debt last September.
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Stocks Rally; Ford and Blackberry May Be Teaming Up

February 24th, 2014

After finishing down for most of last week the stocks rallied today and all finished in the green, with the S&P 500 falling just short of a record. One of the helicopter units of United Technologies Corp (UTX), Sikorsky Aircraft, announced that they will be laying off around 600 workers in the coming weeks. The
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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
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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
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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
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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.
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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.
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