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Market Commentary

S&P 500 Posted Second Smallest Closing Gain; New Home Sales Down 8.1%

July 28th, 2014

The S&P 500 and Dow Jones ended the day slightly up, while Nasdaq was down 0.11%. Investors were trying to balance a reported decline in sales of new homes in June with the news of multiple acquisitions. Dollar Tree Inc. (DLTR) is going to take over Family Dollar Stores (FDO), while Zillow is acquiring Trulia,
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Family Dollar (FDO) to be Taken Over by Dollar Tree in $8.5B Deal

July 28th, 2014

Shares of Family Dollar Stores Inc. (FDO) were up + 14.57 or +24.02 percent to $75.23 per share in premarket trading Monday morning, after the announcement that Dollar Tree Inc. (DLTR) would be buying the company for $74.50 per share. Family Dollar Stores stock closed at $60.66, down -0.48 or 0.79 percent in Friday’s regular
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Companies Continue to Release Q2 Earnings; IMF Cuts U.S. & Global Forecasts

July 25th, 2014

Weekly Wrap Up Stocks ended Friday in the red after the S&P 500 ended with record finishes on Wednesday and Thursday. The International Monetary fund cut its forecast for both U.S. growth and global GDP growth this year. On Wednesday, the IMF announced that they would be cutting its U.S. economic growth forecast for 2014
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El Pollo Loco Up 50% During IPO; Dow Falls 120 Points

July 25th, 2014

The S&P 500 retreated from its record breaking day yesterday and ended the day down 9 points. The Dow Jones fell over 120 points and Nasdaq also ended the day in the red. El Pollo Loco (LOCO) debuted its IPO today with its shares rising 50% during its first day. The company set its initial
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Amazon.com (AMZN) Tumbles on Earnings Miss

July 25th, 2014

Shares of Amazon.com Inc. (AMZN) were trading down -36.00 or -10.04 percent to $322.61 per share in pre-market trading early Friday, after the company released significantly lower than expected earnings despite a large increase in revenue. Amazon stock closed at $358.61, up +0.47 or +0.13 percent in Thursday’s regular trading session. Seattle, Washington based Amazon.com
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IMF Cuts Global GDP Growth Forecast; Walmart’s U.S. CEO Resigns

July 24th, 2014

The S&P 500 continues its record breaking streak as it closed the day with another record high. Just a day after the International Monetary Fund cut its forecast for the U.S. economy, it cuts its global GDP growth forecast. The IMF cut the growth forecast from 3.4% to 3.6%, they do however expect global growth
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Logitech (LOGI) Rallies on First Quarter Results, Improved Forecast

July 24th, 2014

Shares of Logitech International (LOGI) were up +1.81 or +13.58 percent to $15.14 in pre-market trading this morning, after the company released better than expected results for the company’s first quarter 2015. The company also raised its profitability outlook for the rest of its 2015 fiscal year. Logitech stock closed unchanged at $13.33 per share
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IMF Cuts U.S. Growth Forecast; S&P 500 Hits Record High

July 23rd, 2014

The S&P 500 closed at a record high today as it continues to near 2000. The International Monetary Fund cut its forecast for U.S. economic growth for 2014 due to its struggle during the first quarter. The IMF projects that U.S. growth will be just 1.7% this year, down from 2%.  Apple (AAPL) has yet
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Herbalife (HLF) Rises on Failure of “Death Blow” Attempt by Antagonist

July 23rd, 2014

Shares of Herbalife Ltd. (HLF) rose sharply on Tuesday on a strong day on Wall Street overall. Herbalife’s stock was up 25.45%, up $13.75 per share to close at $67.77, on volume of 27,948,910 shares – roughly 20 times normal volume for the stock. The stellar performance of the stock was in reaction to investors
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Herbalife’s Shares Up After Attack From Ackerman; S&P 500 Hits Intraday Record

July 22nd, 2014

Stocks end the day higher, with the S&P 500 hitting an intraday record. Companies are continuing to release their second quarter earnings statement this week. Nearly a fifth of the companies in the S&P 500 have reported their Q2 earnings statements so far, with 66% of them beating analysts’ estimates. Chipotle (CMG) just blew away
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Chipotle (CMG) Stock Rockets After Reporting Second Quarter Earnings

July 22nd, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were up +56.98, or +9.62 percent to $649.40 per share in afterhours trading on Monday afternoon, after the company reported a +28.7 percent increase in revenue, beating analyst estimates by 6 percent. Chipotle stock closed at $589.93 per share, down -2.49 or -0.42 percent in Monday’s regular trading
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Investors to Focus on Corporate Earnings; Global Unrest Drives Stocks Down

July 21st, 2014

Stocks fell sharply during the early trading session today, but recovered slightly to end the day barely down. The global uncertainty, particularly in Ukraine and Gaza, is weighing heavily over investors. Many large U.S. companies will be releasing their Q2 corporate earnings reports tomorrow and investors have high hopes. These companies include Apple (AAPL), Microsoft
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Reynolds American (RAI) to Challenge $23.6B Punitive Damages Award

July 21st, 2014

Shares of Reynolds American Inc. (RAI) were down -1.80 or -3.07 percent to $56.85 per share in pre-market trading early Monday, after news late Friday that a Florida jury had decided to impose punitive damages of $23.6 billion on R.J. Reynolds Tobacco — a division of Reynolds American — to settle a lawsuit brought by
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Stocks Bounce Back; Microsoft Announces Layoffs

July 18th, 2014

Weekly Wrap Up Stocks end the week up, bouncing back from ending drastically down on Thursday. The factors that drove the stocks down this week were mainly geopolitical events, including the Malaysia Air crash in Ukraine and the continuing violence in Gaza. This week Janet Yellen stated that she believed that many U.S. stocks were
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GE Matches Earnings Estimates; 401(k)s Rise to New Highs

July 18th, 2014

Stocks bounce back, seemingly ignoring all of the geopolitical tension that has been occurring over the past couple of days. The bull market is sending 401(k) retirement plans soaring to record highs. The average 401(K) balance rose 12.9% to $91,000, with 77% of the growth attributed to the stock market. If the 21st Century Fox
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Ericsson (ERIC) Rallies on Better than Expected Sales, Operating Profit

July 18th, 2014

Shares of Ericsson (ERIC) were trading up +0.92 or +7.87 percent to $12.61 per share in Friday’s pre-market, after the company released its second quarter 2014 earnings. The company beat analyst expectations, reporting a 76 percent rise in second quarter profits. Ericsson stock closed at $11.69, up +0.08 or +0.68 percent in Thursday’s regular trading
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Microsoft to Layoff 18,000; Gold Prices Up 1.5%

July 17th, 2014

The Malaysia Air crash set the Dow back 160 points. Nasdaq and the S&P 500 also ended the day in the red. The rumors that have been flying about a large number of layoffs at Microsoft (MSFT) have been confirmed today. Microsoft will layoff approximately 18,000 employees within the next year, the majority of these
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SanDisk (SNDK) Stock Tumbles on Lower Revenue Forecast

July 17th, 2014

Shares of the SanDisk Corporation (SNDK) dropped -10.13 or -9.39 percent to $97.70 in pre-market trading this morning, after the company announced disappointing earnings despite beating analyst expectations by a small margin. Investors have seen the company significantly beat analyst expectations in the last eight quarters. SanDisk stock closed at $107.83, up +2.27 or +2.15
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Fox Looking to Acquire TWC; Apple & IBM Announce Partnership

July 16th, 2014

The Dow Jones ends at another record close, driven higher by the continual growth in China and heated merger discussions. It appears that Rupert Murdoch, the chairman and CEO of 21st Century Fox, will continue to push to acquire Time Warner (TWC). Time Warner’s shares even ended the day up 17%, despite the fact that
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Rockwood Holdings (ROC) Up on Purchase By Albemarle

July 16th, 2014

Shares of Princeton, New Jersey, based Rockwood Holdings, Inc. (ROC) rose on Tuesday, on a mixed day on Wall Street. Rockwood Holdings stock was up 9.83%, rising $7.44 per share to close at $83.14 on volume of 23,112,334 shares. Specialty chemical conglomerate, Albemarle Corp. (ALB), announced that it will buy Rockwood Holdings in a deal
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