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Market Commentary

Archer Daniels Midland (ADM) to Buy WILD Flavors for $3.0B

July 7th, 2014

Shares of Archer Daniels Midland Company (ADM) closed up +0.45 or +0.99 percent to $45.77 per share on Thursday, after the company was rumored to be in talks to acquire Swiss based WILD Flavors. This morning, the company formally announced the acquisition of WILD Flavors in a deal valued at over $3.0 billion. Founded in
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Positive Jobs Report Pushes Dow Above 17,000

July 3rd, 2014

After much anticipation the Dow Jones finally closed the day above 17,000. A couple of stocks led the Dow to reaching this milestone, Caterpillar (CAT) is up 22.3% in 2014, Intel (INTC) is up 20.0%, and Merck (MRK) is up 18.3%, just to name a few. June’s job report was released today and showed that
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Amazon (AMZN) to Fight FTC on In App Purchases

July 3rd, 2014

Shares of Amazon.com Inc. (AMZN) were trading up +1.04 or +0.31 percent to $333.89 per share in pre-market trading this morning. The company announced yesterday that it would prefer to challenge the Federal Trade Commission or FTC in court, rather than give in to demands by the regulating agency to tighten its policies on children
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281,000 Private-Sector Jobs Added; Fed’s Top Priority is Boosting U.S. Economy

July 2nd, 2014

The Dow Jones and S&P 500 record closes continued today, but the Dow still remains just shy of 17,000. Private businesses added more than 281,000 jobs last month, significantly higher than the estimated 205,000 additions. June’s monthly job gains was the highest reported since November 2012. Janet Yellen spoke today regarding the “spillover” effect that
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Arista Networks (ANET) Up on Favorable Analyst Reports following Quiet Period

July 2nd, 2014

Shares of Santa Clara, California, based Arista Networks Inc. (ANET) rose on Tuesday, in an up day on Wall Street overall. Arista’s stock was up 21.81%, rising $13.61 per share, to close at $76.00 on volume of 1,660,225 shares. The stock emerged from its mandatory “quiet period”

Manufacturing Index Fell Slightly in June; Stocks Off to a Strong Q3 Start

July 1st, 2014

All three U.S. stock indices started off the second half of the year in the green, with the S&P 500 and Nasdaq closing at record highs. Manufacturing index unexpectedly fell last month from 55.4 to 55.3, while experts expecting an increase to 55.8. On the bright side manufacturing expanded for the 13th straight month, but
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Five Stocks to Watch in July

July 1st, 2014

The U.S. stock market continued its relentless climb in June, making it another record breaking month. The Dow Jones Industrial Average hit an all-time high of 16, 978.02 on June 24th, while the S&P 500 made new all time highs 16 times in the second quarter and set a new record closing at 1,962.87 on
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Stocks Post Strong Q2 Gains; GM Recalls 8.4 Million Vehicles

June 30th, 2014

Stocks end Q2 mixed but overall posted strong gains throughout the second quarter. General Motors (GM) announced a recall of nearly 8.4 million vehicles today, mostly for faulty ignition switches. This year so far GM has recalled over 27 million vehicles, which is quickly approaching the 30.8 million industry-wide recall record that was set in
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MannKind Corp. (MNKD) Approved for Inhaled Insulin Treatment

June 30th, 2014

Shares of MannKind Corporation (MNKD) were trading up +1.90 or +19.00 percent to $11.90 per share in pre-market trading Monday morning. Mannkind announced over the weekend that the company had finally gained approval for its inhaled insulin drug AFREZZA from the U.S. Food and Drug Administration or FDA. Mannkind shares closed at $10.00 per share,
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Street Ends Mixed This Week as Consumer Sentiment Brightens (GPRO, NKE)

June 27th, 2014

Weekly Wrap Up The US markets were able to close higher on Friday, but both the SP 500 and Dow Jones ended lower for the week. Nasdaq saw its second consecutive weekly gain. Consumer sentiment reportedly rose this month to a reading of 82.5 for June, driven by auto sales. On Wednesday it was announced
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U.S. Stocks Rally; Michaels (MIK) Goes Public

June 27th, 2014

Following earlier reports of a slowing economic growth and consumer spending, U.S. stocks stalled but ended higher on Friday. Michaels (MIK) went public today after the company had been taken private by Bain and Blackstone (BX) back in 2006. However, this IPO had a modest day and shares largely traded flat. Nike (NKE) was one of
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GoPro (GPRO) Stock Surges after Initial Public Offering

June 27th, 2014

Shares of GoPro Inc. (GPRO) were trading up +0.76 or +2.43 percent to $32.10 per share in pre-market trading Friday morning, after the companyí

Stocks Dip on Fed Comments; Consumer Spending Weak for May (NKE, ZU)

June 26th, 2014

Wall Street ended on Thursday slightly lower after several economic and corporate reports disappointed investors. Despite the drop for the S&P, this is only the third loss for the index in 10 trading days. The government announced that unemployment claims dropped last week, a good sign for the economy, but also announced that consumer spending
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Iron Mountain (IRM) Soars After Board Approves Conversion to REIT

June 26th, 2014

Shares of Iron Mountain Inc. (IRM) were trading up +6.94 or +23.31 percent to $36.71 per share in pre-market trading Thursday morning, after the company announced yesterday that its board had unanimously approved the companyâ s conversion into a real estate investment trust or REIT. The conversion is for the companyâ s fiscal 2014 year,
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U.S. Economy Down In First Quarter; Big Day In Supreme Court

June 25th, 2014

According to a report released by the Commerce Department on Wednesday, GDP fell at a 2.9% annual rate instead of a more gradual pace of 1% that was reported last month. This is the worst reading since the same three months in 2009. However, analysts believe that this setback is temporary as the consumer confidence
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Vertex Pharmaceuticals Inc. (VRTX) Up on Positive Drug Trials

June 25th, 2014

Shares of Cambridge, Massachusetts-based Vertex Pharmaceuticals (VRTX) were up sharply on Tuesday, amid a broadly lower market on Wall Street. Vertex’s stock was up 40.41%, rising $26.92 to close at $93.53 per share, on volume of 25,236,837 shares. The company announced positive results for a drug it has formulated in treating cystic fibrosis. The successful
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Consumer Confidence Hits 6-Year High, Climate Change Poses Economic Risk

June 24th, 2014

Stocks continue to back away from their record highs that they hit last Friday. Consumer confidence continues to rise and hit a 6-year high in June. The main factors that led to an increased consumer confidence level were rising stock prices and continual job growth. A bipartisan report was released today suggesting that future climate
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Dean Foods (DF) Subpoenaed in Insider Trading Case

June 24th, 2014

Shares of the Dean Foods (DF) were off -0.52 or -2.96 percent to $17.03 per share in after hours trading yesterday afternoon , after news that the company was recently served with a subpoena from Preet Bharara, the United States Attorney for Manhattan. The subpoena was for documents related to alleged insider trading by sports
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Existing Home Sales Post Best Gain Since 2011; Stocks Retreat From Record Highs

June 23rd, 2014

The Dow and S&P 500 retreat from record highs, while Nasdaq ends the day slightly up. Existing home sales rose 4.9% in May, for the second straight month. The monthly gain is the highest gain since August 2011. A massive combined airbag recall of nearly 3 million vehicles worldwide was announced by Honda (HMC), Mazda,
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MICROS Systems (MCRS) to be Acquired by Oracle for $5.3B

June 23rd, 2014

Shares of the MICROS Systems Inc. (MCRS) were trading up +1.63 or +2.48 percent to $67.40 per share in pre-market trading on Monday, after news that Oracle Corp. (ORCL) would be taking the company over in a $5.3 billion deal. MICROS Systems stock closed at $65.77 per share, up +0.52 or +0.80% in Fridayâ s
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