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Market Commentary

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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AOL (AOL) in Talks with Verizon

January 6th, 2015

Shares of AOL Inc. (AOL) were trading up +3.51 or +7.85 percent to $48.25 in Tuesday’s premarket, after news broke yesterday after the close of business that the company was in talks with Verizon Communications Inc. (VZN) on a potential takeover or joint venture according to sources knowledgeable on the matter. AOL Inc. stock closed
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Oil Prices Drop Below $50 a Barrel; Dow Plunges Nearly 330 Points

January 5th, 2015

Stocks fell sharply today, especially the Dow which ended the day down about 330 points as oil prices continue to fall which in turn spooks investors. Crude oil is now below $50 a barrel and many analysts are predicting prices to drop even further. Falling oil prices aren’t only negatively effecting the stocks, it is
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Cempra (CEMP) Stock Soars on Solithromycin Results

January 5th, 2015

Shares of Cempra Inc. (CEMP) were trading up +6.60 or +28.83 percent to $29.49 per share in Monday’s premarket. The company announced on January 4th that its lead product, solithromycin, had positive results in clinical trials. Cempra stock closed at $22.89 per share, down -0.62 or -2.64 percent in Friday’s regular trading session. Chapel Hill,
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What’s Ahead in 2015?

January 2nd, 2015

Weekly Wrap Up This week brought the end of one year and the beginning of another year with a roller coaster of a week for stocks. After closing above 18,000 for the first time ever a couple of weeks ago the Dow has yet to return to that milestone. And the S&P 500 hasn’t fared
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Stocks Start The Year Off Mixed – Dow Up, Nasdaq and S&P 500 Down

January 2nd, 2015

U.S. stocks start off the year mixed as the Dow ends the day slightly up, while Nasdaq and the S&P 500 end the day slightly down. The Dow jumped up 100 points early this morning but retreated after two disappointing economic reports were released, construction and manufacturing activity slowed in December. As the new year
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Five Stocks to Watch in 2015

January 2nd, 2015

This year promises to be an interesting one for the U.S. stock market, given the record territory the S&P 500 and the Dow Jones Industrial Average are starting 2015. The Nasdaq index is still shy of its closing high of 5,048.62 made on March 10th, 2000, ending the year at 4,736.05, up +11.81 percent in
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Stocks Fall on Last Day of 2014

December 31st, 2014

Despite falling on the last day of the year, U.S. stocks had an overall good year. In 2014 the Dow gained 7.5%, the S&P 500 is up 11.4% and Nasdaq rose 13.4%. These gains led Wall Street to its third straight year of three-digit gains, for the first time in over 10 years. The utility
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NeuroDerm (NDRM) Takes Off on Promising Drug Trials

December 31st, 2014

Shares of Rehovot, Israel, based NeuroDerm Ltd. (NDRM) rocketed on Tuesday, against the backdrop of a generally lower day in stocks overall. NeuroDerm’s stock was up by a market-leading 193.53%, rising $11.96 per share, to close at $18.14, on volume of 41,008,653 shares. The company reported positive mid-stage trial results for its Parkinson’s disease candidate. Founded
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Dow Closes Below 18,000; S&P 500 Up 12.7% in 2014

December 30th, 2014

Stocks end the day down as the Dow falls below 18,000 and the S&P 500 pulls back from its recent record high. This year, overall, stocks have performed much better than expected. The S&P 500 is up 12.7% (15.4% including dividends) which is almost double what stock market strategists predicted at the beginning of the
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Civeo (CVEO) Stock Pummeled on 2015 Guidance, Dividend Cut

December 30th, 2014

Shares of Civeo Corp. (CVEO) were down -3.07 or -37.73 percent to $5.13 in premarket trading on Tuesday. The company announced yesterday after the close that it would be suspending its dividend and gave a lower than expected guidance for its 2015 fiscal year. Civeo stock closed at $8.27, up +0.21 or +2.61 percent in
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Dow Ends 7-Day Streak as the S&P 500 Closes at New Record High

December 29th, 2014

Stocks end the day mixed as the S&P 500 closed at a new record high, its 53rd record close of the year, while the Dow snapped its 7-day winning streak. Minimum wages are set to rise this week in 21 states. As 2015 rings in, 2.4 million workers hourly wages will increase by an average
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Google (GOOG) Gmail Blocked in China

December 29th, 2014

Shares of Google Inc. (GOOG) were trading down -1.03 or -0.19 percent to $533.00 per share in premarket trading this morning, after news that China had blocked the company’s Gmail access through third parties. The Gmail website had already been blocked, with today’s action extending to the Apple (AAPL) app included in Apple iPhones and
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