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Market Commentary

Record Highs Tuesday Couldn’t Last All Week, Dow Dips 80 on Friday

February 27th, 2015

The Dow hit a plateau at record highs this week, before settling back on Friday and losing 80 points. It began the week at at 18,240 before dipping down almost 24 points on Monday. The Dow recovered on Tuesday and closed the day at the record high of 18,244. The market stayed essentially flat until … READ MORE

Markets End Their Stall In A Dive, Dow Loses 80 Points

February 27th, 2015

Markets in the US were down across the board today, on the decline after the exchange found a ceiling at record levels. The Dow lost -81.72 points on the day, falling to 18,132.70. The S&P 500 shed -6.24 points to close at 2,104.50, while the NASDAQ lost -24.36 and closed the day trading at 4,963.53. … READ MORE

The Gap Inc. (GPS) Stock Up on Positive Earnings, Lower Forecast

February 27th, 2015

Shares of The Gap Inc. (GPS) were trading up +1.23 or +3.05 percent to $41.60 per share in this morning’s premarket. Shares gained this morning and in yesterday’s afterhours trading after the company announced its earnings for its 2014 fourth quarter, which beat analyst estimates. Nevertheless, the company’s full year 2015 guidance was below analyst … READ MORE

Dow Loses 20, NASDAQ Up 10 on a Mixed Day for the Markets

February 26th, 2015

Trading was mixed today, with the Dow and S&P struggling through small losses while the NASDAQ grew. The Dow lost -10.15 points and closed the day’s trading at 18,214.42, and the S&P 500 dipped -3.12 points to end at 2,110.74. Meanwhile, the NASDAQ extended its growth streak by adding 20.75 points to close at 4,987.89. … READ MORE

Transocean (RIG) Stock Higher Despite Impairment Charge, Moody’s Downgrade

February 26th, 2015

Shares of Transocean Ltd. (RIG) were trading up +0.71 or +4.43 percent to $16.75 per share in Thursday’s premarket after selling off -1.3 percent in yesterday’s afterhours trading. The company released its fourth quarter and full year 2014 results late yesterday after the market close. In addition to the earnings release, Moody’s announced it had … READ MORE

Stock Market Ends The Day Right Where It Started

February 25th, 2015

The stock market barely moved in trading today, largely holding steady at record high levels. The Dow gained 15.38 points over the course of the day, closing at 18,224.57 on lower than average volume. The S&P 500 and NASDAQ both lost a little ground, with the S&P dropping -1.62 points to close at 2,113.86, while … READ MORE

SunPower Corporation (SPWR) Rises on Higher Fourth Quarter Earnings

February 25th, 2015

Shares of San Jose, California, based SunPower Corporation (SPWR) were up sharply on Tuesday, rising $5.00 per share, up 17.99%, to close at 32.80 on volume of 12,924,266 shares. The company reported a net profit of $134.7 million for the fourth quarter, beating market expectations. Founded in 1985, SunPower designs, manufactures and supplies solar panels … READ MORE

US Markets Surge to Record Highs on Good News from the Fed

February 24th, 2015

The Dow managed to fight back against midday losses to set record highs on Tuesday. Not only did the market add 92.35 points, ending at 18,209.18, but it also set the high water mark for closing and intraday prices. The S&P 500 was up 5.82 points to 2,115.48. The NASDAQ, which has grown for 10 … READ MORE

Office Depot (ODP) Reports 4Q Earnings, Benefits from Merger with OfficeMax

February 24th, 2015

Shares of Office Depot Inc.(ODP) were up +0.17 or +1.80 percent to $9.61 in Tuesday’s premarket after the company reported its loss had narrowed in the fourth quarter and withdrew its guidance for 2015 due to its tentative merger with Staples Inc. (SPLS). Office Depot stock closed at $9.44, down -0.05 or -0.53 percent in … READ MORE

Dow Dips Slightly On A Very Slow Day For The Markets

February 23rd, 2015

The Dow fell flat in trading today, losing 23.60 points to close at 18,116.84. The S&P 500 dipped slightly as well, losing just 0.64 points to close at 2,109.66. Only the NASDAQ was up, rising 5 points to 4,960.97, thanks mostly to a tech-heavy portfolio that saw good growth on the day. Volume was way … READ MORE

Valeant Pharmaceuticals (VRX) to Acquire Salix (SLXP), Reports 4Q, Full Year Results

February 23rd, 2015

Shares of the Valeant Pharmaceuticals International Inc. (VRX) were trading up +16.09 or +9.29 percent to $189.35 per share in Monday’s premarket. The company announced on Sunday that it would be acquiring Salix Pharmaceuticals(SLXP) in a deal worth $14.5 billion. In addition, the Valeant reported its 2014 fourth quarter and full year results early this … READ MORE

Dow Ends Week Strong, Ready To Break Record High On Monday

February 20th, 2015

In trading this week, the Dow gained 171.79 points in order to close at 18,140.22, just 4 points shy of a record high. The S&P 500 added another 21.52 over 5 days to close at 2,110.30. The NASDAQ was also up, rising 86.24 in order to finish the day Friday at 4,955.97. Trade volume was … READ MORE

Short Trading Week Ends With A Bang, Dow Up 154

February 20th, 2015

The Dow was unstoppable in trading today, piling on steady gains until it exploded upward in afternoon trading. It added 154.67 points to close the week 18,140.44 points, ending just short of a record high. The S&P 500 was up as well, gaining 12.85 points to close at 2,110.30. The NASDAQ followed suit, piling on … READ MORE

Deere & Co. (DE) Stock Falls on Lower Forecast

February 20th, 2015

Shares of the Deere & Co. (DE) were trading off -1.21 or -1.32 percent to $90.50 per share in Friday’s premarket after the company announced first quarter earnings early this morning. The company reported better than expected earnings, but its outlook for equipment sales was lowered for the rest of the year. Deere & Co. … READ MORE

Priceline Gains Nearly 100 Points Despite Market Losses

February 19th, 2015

The markets were mixed again today, continuing yesterday’s trend of small market losses in the Dow and S&P, while the more tech-heavy NASDAQ made gains. The Dow closed the day down -44.08 at 17,985.77, while the S&P 500 lost -.2.23 to close at 2,097.45. The NASDAQ rose 18.34 points and closed the trading day at … READ MORE

Priceline (PCLN) Stock Rockets on 4Q and Full Year Results

February 19th, 2015

Shares of the Priceline Group Inc. (PCLN) were trading up +82.01 or +7.30 percent to $1,205.00 per share in Thursday’s premarket, after announcing better than expected results for its fourth quarter and full year early this morning. Priceline Group Inc. stock closed at $1,122.99 per share, up +2.00 or +0.18 percent in Wednesday’s regular trading … READ MORE

Gold Falls Again As The Market Struggles

February 18th, 2015

The US markets were split today, with the Dow and S&P 500 falling, while NASDAQ gained ground. The Dow closed down -17.73 points and fell to 18,029.85, while the S&P 500 lost less than a point and ended the day at 2,099.68. The NASDAQ added just over 7 points and closed at 4,906.36. Markets were … READ MORE

GoPro Inc. (GPRO) Up on Expiration of IPO Lockup and Favorable Coverage

February 18th, 2015

Shares of San Mateo, California, based GoPro Inc. (GPRO) rose on Tuesday, on the expiration of a lockup tied to the initial public offering of the company. In addition, Northland Capital Markets initiated coverage of the stock on Tuesday with a buy recommendation. GoPro’s stock reacted to the double dose of good news by climbing … READ MORE

Dow Holds Steady After Monday’s Holiday

February 17th, 2015

The market closed 28.23 points up in trading today, the first day back after yesterday’s President’s Day market holiday. NASDAQ was up 4.43 points to close at 4,899.27. The S&P 500 also gained ground, adding on 3.35 points to finish trading at 2,100.34. In world markets, London’s FTSE had an excellent day. The UK markets … READ MORE

Sotheby’s (BID) Stock Downgraded by Cowen & Co.

February 17th, 2015

Shares of Sotheby’s (BID) were trading down -1.91 or -4.25 percent to $42.98 in Tuesday’s premarket after news early this morning that Cowen & Co. had downgraded the stock. In addition to today’s downgrade news, the company announced on Friday that it would not pay dividends until after finding a new Chief Executive Officer. Sotheby’s … READ MORE