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Market Commentary

Digital Ally (DGLY) Stock Down on First Quarter Results

May 14th, 2015

Shares of Digital Ally Inc. (DGLY) were trading down -3.10 or -16.94 percent to $15.20 in Thursday’s premarket after the company announced lower than expected results for its fiscal first quarter late yesterday. Digital Ally stock closed at $18.30 per share, up +0.92 or +5.29 percent in Wednesday’s regular trading session. Lenexa, Kansas based Digital … READ MORE

Tech Rally Pulls the NASDAQ Into the Black

May 13th, 2015

Markets continued to be flat today, with the Dow falling slightly and the NASDAQ rising. The S&P 500 also barely fell, losing 0.64 points to close at 2,098.48. The Dow was down -7.74 to end the day at 18,060.49. The NASDAQ gained 5.50 points to close at 4,981.69. Overseas trading was mixed, with Japan and … READ MORE

ITT Educational Service Inc. (ESI) Plummets on Enforcement Action By SEC

May 13th, 2015

Shares of Carmel, Indiana, based ITT Educational Service Inc. plummeted on Tuesday, against the backdrop of a mild decline in stocks overall. ITT’s (ESI) stock fell 43.53%, losing $1.75 per share, to close at $2.27, on volume of 8,051,635 shares. The Securities and Exchange Commission filed an enforcement action against the company, alleging that the … READ MORE

Markets Flat in the Face of Rising Oil Prices

May 12th, 2015

The markets were down slightly in trading today, with the Dow falling just -36.94 points to close at 18,068.23. The NASDAQ also fell, losing -17.38 points to end the day at 4,976.19. The S&P 500 was essentially flat, losing -6.21 points to close at 2,099.12. In overseas trading, markets around the world took a pounding … READ MORE

AOL Inc. (AOL) to be Acquired by Verizon in $4.4B Deal

May 12th, 2015

Shares of AOL Inc. (AOL) were trading up +7.59 or +17.82 percent to $50.18 in Tuesday’s premarket, after news early this morning that the company had signed an agreement for its purchase by Verizon Communications Inc. (VZ) for $50 per share. AOL Inc. stock closed at $42.59, down -0.83 or -1.91 percent in Monday’s regular … READ MORE

Monday Exposes a Brittle Energy Sector

May 11th, 2015

Markets were down in high-volume trading today, as shareholders sold off stocks due to weak Q1 earnings. The Dow fell -85.94 points over the course of the day in a slow, steady decline. The Dow ended the day at 18,105.17. The NASDAQ fell -0.20%, losing -9.98 points to close at 4,993.57. The S&P 500 was … READ MORE

Rosetta Resources (ROSE) to be Acquired by Noble Energy Inc. in $2.1B Deal

May 11th, 2015

Shares of Rosetta Resources Inc. (ROSE) were up +6.00 or +31.04 percent to $25.33 per share in Monday’s premarket after news that Noble Energy Inc. (NBL) would be taking the company over in a $2.1 billion deal. Rosetta Resources stock closed at $19.33 showing no change in Friday’s regular trading session. Houston, Texas based Rosetta … READ MORE

Energy and Biomed Boom This Week

May 9th, 2015

In trading this week, the Dow opened Monday at 18,026.02 and closed the week up to 18,191.11 for a 165.09 point gain. The NASDAQ didn’t perform as strongly, but a hot Friday saved the index from big losses. The NASDAQ opened at 5,018.35 and closed Friday at 5,003.55 for a loss of -15 points even. … READ MORE

Royal Caribbean Sets A Good Example

May 8th, 2015

Market Check-In. For the second week in a row, markets have boomed on Friday. Today, the Dow shot up 267.05 points to close at 18,191.11. The NASDAQ didn’t bounce as high, but still managed to close up 58.00 points to 5,009.55. The S&P 500 gained 28.10 points, and closed at 2,116.10. In overseas trading, the … READ MORE

Trans-Pacific Partnership Causes Tension in Democratic Party

May 8th, 2015

The Trans-Pacific Partnership trade agreement is becoming a major partisan issue within congress, though the battle lines being drawn are slightly different than that America is accustomed to. The TPP, a partnership deal aimed at expand trade and economic integration between twelve Pacific facing countries, has been at some point of negotiation for nearly a … READ MORE

Gevo (GEVO) Stock Doubles on Partnership with Alaska Airlines for Renewable Alcohol-Based Jet Fuel

May 8th, 2015

Shares of Gevo Inc. (GEVO) were trading up +1.55 or +28.39 percent to $7.01 per share in Friday’s premarket after announcing yesterday that the company had signed an agreement with Alaska Air (ALK) for the airline to purchase Gevo’s renewable alcohol based jet fuel, and to fly the first commercial flight on the company’s new … READ MORE

Late Rally Moves Markets Out of the Red

May 7th, 2015

Market Check-In. All three exchanges posted an excellent day today. The Dow was up 82.08 points and closed at 17,924.06. The NASDAQ and S&P 500 both made gains as well, with the NASDAQ up 25.91 and the S&P rising 7.85 points. In overseas trading today, Germany was steady while all of Asia took a fairly … READ MORE

Tesla Motors (TSLA) Reports Narrower than Expected First Quarter Loss

May 7th, 2015

Shares of Tesla Motors Inc. (TSLA) were trading down -7.01 or -3.22 percent to $223.00 per share in Thursday’s premarket after the company reported a lower than expected loss for the company’s first quarter yesterday after the market close. Tesla Motors stock closed at $230.43 per share, down -2.52 or -1.08 percent in Wednesday’s regular … READ MORE

Gallup Reports Lowest Consumer Confidence Since December

May 7th, 2015

Consumer confidence is a measurement of the optimism that the average consumer has in the economy. Gallup has been polling it in America since 1992, and they’re one of the 5 most trusted pollsters on the subject. According to their latest findings, consumer confidence in America is lower than it has been since Christmas. Down … READ MORE

Tesla’s Better Than Expected Q1 Dominates Aftermarket Trading

May 7th, 2015

Tesla Is Tearing It Up In Evening Trading Tesla (TSLA) waited until after the final bell rung in order to announce their earnings for Q1 of this year. When news broke that they did better than expected, the NASDAQ rallied and sent Tesla stock soaring by 2%. As of right now, Tesla is trading up … READ MORE

Financial Institutions May Take Spotlight in 2016 US Presidential Election

May 7th, 2015

Recently announced Democratic presidential nomination seeker Bernie Sanders is staking out the finance industry as one of his battlefields in the upcoming Democratic primaries, with the now sitting senator helping to push forward legislation that would break apart banks currently deemed “too big to fail” by Wall Street regulators. The senator’s choice to pursue this … READ MORE

Oil Holds $60 On An Otherwise Down Day

May 6th, 2015

Market Check-In. Markets lost ground for the second straight day in trading today. All three major indexes fell, and with the exception of the price of oil and bond yields, there were big-money losers across the board. The Dow fell -86.22 points to close low, at 17,841.98. The S&P 500 and NASDAQ both followed, with … READ MORE

Golar LNG Ltd. (GLNG) Up On Partner Appointment in Equatorial Guinea

May 6th, 2015

Shares of Hamilton, Bermuda, based Golar LNG Ltd. (GLNG) rose sharply on Tuesday, against the backdrop of a down day on Wall Street across the board. Golar’s stock was up $7.37, rising 19.58% to close at 45.01 on volume of 11,798,015. The company announced that it has been appointed as partner with Ophire Energy Plc, … READ MORE

Searching For The Next Bubble: Stocks, Currencies, Bonds & Commodities

May 6th, 2015

The funny thing about bubbles is that everyone recognizes them in hindsight but at the time, most people fail to heed the warning signs. When you think about how easy it was for people to get mortgages pre-2008, it seems ludicrous. When you think about the crazy valuations of Internet stocks during the Dot-com bubble, … READ MORE

Greek Government Spars with Disarrayed Creditors; Uncoordinated Demands Leave Little Room for Maneuvering

May 6th, 2015

Greece’s government, headed by Alexis Tsipras of the progressive Syriza party, has laid down accusations of disarray among its creditors in the lead up to negotiations over the size, scope, and conditions of its ongoing budget bailout package. Greece, a part of the Eurozone monetary union, has been in near constant economic and social turmoil … READ MORE