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Market Commentary

Manufacturing Output Up 10.1%; Dow Has Best Weekly Gain

August 15th, 2014

Weekly Wrap Up Geopolitical factors played a major role this week, but there were indicators that investors were getting used to the uncertainty coming from the Russian-Ukrainian border. Despite Friday’s losses, major stock indexes were on track for the second straight week of gains with the Dow hitting its best weekly gain in five weeks.
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Stocks Rebound after Initial Fall; Security Breach at SuperValu

August 15th, 2014

US stocks dropped as the news about a clash between Ukranian and Russian forces started coming in on Friday. With markets actively seeking out safer investments, the 10-year Treasury notes yield was down more than 5 basis points. However, major indexes ended up posting weekly gains partially boosted by a rise in industrial production. Albertson’s
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Monster Beverage (MNST) to Sell 16.7 Percent Stake to Coca-Cola (KO)

August 15th, 2014

Shares of Monster Beverage Corporation (MNST) were trading up +15.35 or +21.42 percent to $87.00 per share in this morning’s premarket, after news that Coca-Cola (KO) was entering into a strategic partnership with the company by purchasing a 16.7 percent stake in Monster. Monster Beverage stock closed at $71.65, up +0.50 or +0.70 percent in
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Berkshire Hits $200K per Share; Coke to Acquire 17% of Monster Beverage

August 14th, 2014

US Commerce Department reported that July retail sales, excluding auto sales, were up only 0.1% from the previous month. Weekly jobless claims rose more than expected last week, but remained near pre-recession marks. One of the biggest stories of the day was a $200,000 share price that Berkshire Hathaway’s (BRK) Class A stock hit for the
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SeaWorld (SEAS) Stock Pummeled After Earnings Miss

August 14th, 2014

Shares of SeaWorld Entertainment Inc. (SEAS) were off -0.11 or -0.58 percent to $18.79 per share in this morning’s premarket, after the company announced lower than expected earnings for its second quarter of 2014 yesterday. The stock fell sharply after the announcement losing almost a third of its value. Seaworld Entertainment stock closed down -9.25
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Will Stocks Fall at End of Q3 When The Fed Stops Purchasing Bonds?

August 13th, 2014

Stocks end the day with solid gains as the Dow added 91 points to finish the day back in positive territory for 2014. Wall Street is afraid of history repeating itself. The stock market has fallen both times the Fed got out of the bone-buying business in the past and market gains have steadily slowed
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DealerTrack Technologies (TRAK) Up After Exceeding Expectations

August 13th, 2014

Shares of Lake Success, New York, based DealerTrack Technologies Inc. (TRAK) rose on Tuesday on a day when the markets were down marginally across the board. DealerTrack’s stock was up 18.73%, rising $7.32 per share, to close at $46.40. Trading volume was 2,616,637, versus average trading volume of 517,176 shares. The Company reported second quarter
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Job Openings At Highest Level Since 2001; Yellen Avoiding Economic Downturn

August 12th, 2014

U.S. stocks ended the day slightly lower despite the good jobs report. Job openings increased for the fifth straight month in June, reaching their highest level since early 2001. The creator of Candy Crush, King Digital (KING) shares were down 20% in afterhours trading after missing their revenue projections. Shares are down $4.20 to $14
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Intercept (ICPT) Stock Rockets on Earnings, Positive Drug Results

August 12th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +137.82 or +58.11 percent to $375.00 per share in pre-market trading on Tuesday, after the company announced better than expected earnings late yesterday. The company also disclosed its obeticholic acid had less severe side effects and was more effective in treating liver disease than what was previously
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Chiquita Up 31% on Takeover Bid; Dow Remains in Negative Territory for 2014

August 11th, 2014

Despite all three U.S. indices ending the day in the green, the Dow slid back into negative territory for 2014. While job growth has been continuing to improve in the United States since the recession, it comes at a cost. Workers are earning around 23% less than earnings from the jobs which were lost. Chiquita’s
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Kinder Morgan (KMI) to Consolidate in $71B Deal

August 11th, 2014

Shares of Kinder Morgan Inc. (KMI) were trading up +5.46 or +15.12 percent to $41.58 per share in Monday’s premarket, after the company announced on Sunday it would consolidate the three master limited partnerships under its control, the “Kinder Morgan family of companies” into one entity. Kinder Morgan Inc. stock closed at $36.12, up +0.75
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38% of Investors Feeling Bearish; Stocks End Roller Coaster Week Up

August 8th, 2014

Weekly Wrap Up Stocks have had a roller coaster of a week, dealing with the after effects of all of the geopolitical issues. On Thursday, the Dow even ended the day at its lowest point in nearly 3 months. Bearish sentiments continue to rise on Wall Street as 38% of investors are feeling bearish this
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U.S. Worker’s Productivity Increased 2.5% in Q2; Tekmira’s Shares Up 45%

August 8th, 2014

Stocks recovered today, with the Dow jumping up around 185 points and the S&P 500 ending above 1900. Many investors thought the U.S. market would follow Japan as the Nikkei index dropped 3% today. Shares of Ebola drugmaker, Tekmira Pharmaceuticals (TKMR) soared 45% today after the FDA allowed potential use of the pharmaceutical company’s experimental
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Pfizer (PFE) Faces Wave of Lawsuits Over Lipitor

August 8th, 2014

Shares of Pfizer Inc. (PFE) were trading down -0.15 or -0.53 percent to $27.89 per share in Friday’s premarket, after news that lawsuits against the company had surged by women in the United States getting type-2 diabetes after taking Lipitor. Pfizer stock closed at $28.04, down -0.24 or -0.85 percent in Thursday’s regular trading session.
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Dow Ends At Lowest Level Since May; MCD’s Shares Near 52-Week Low

August 7th, 2014

Stocks fell once again today with the Dow Jones ending at its lowest level since May 20th. Stocks continue to get dragged down as investors worry about rising global tension despite reports of an improving U.S. economy. Many Americans are still feeling the aftermath of the recession that lasted from December 2007 until June 2009. Nearly
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Jack in the Box (JACK) Stock Soars on 3Q Earnings

August 7th, 2014

Shares of Jack in the Box Inc. (JACK) were up +6.21 or +11.20 percent to $61.66 per share in premarket trading on Thursday, after the company released better than expected third quarter earnings late yesterday. Jack in the Box stock closed at $55.45, down -2.11 or -3.67 percent in Wednesday’s regular trading session. San Diego,
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Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.

August 6th, 2014

Stocks ended the day higher, seemingly shaking of the recent global turmoil. Sprint (S) announced today that they are withdrawing their bid to acquire T-Mobile (TMUS). This announcement comes on the same day that the wireless company named their new CEO, Marcelo Claure. Walgreens (WAG) has decided to keep its headquarters in the United States.
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United States Cellular (USM) Up on Analyst Upgrade Despite Lower Earnings

August 6th, 2014

Shares of Chicago, Illinois based United States Cellular Corporation (USM) rose strongly on Tuesday, against the backdrop of a sharply lower performance by Wall Street overall. US Cellular’s stock was up 16.33%, rising $5.49 per share to close at 39.10, on volume of 630,626 shares. Despite lower second quarter net earnings, revenues exceeded analysts expectations,
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Apple To Unveil New iPhones on Sept. 9; U.S. Factory Orders Up 1.1%

August 5th, 2014

U.S. stocks recovery was short-lived as the Dow Jones ended the day down nearly 150 points. Apple (AAPL) announced today that they are set to unveil their next-generation iPhones on September 9th. The tech company is expected to release two sizes of the iPhone 6, a version with a 4.7 inch screen and a larger
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GM (GM) Served With Subpoena by DOJ for Subprime Auto Loans

August 5th, 2014

Shares of The General Motors Company (GM) closed up +0.17 or +0.51 percent to $33.61 on light volume in Monday’s regular trading session. The company announced late yesterday that it had been issued a subpoena by the U.S. Justice Department in relation to an investigation currently being conducted over possible civil violations on subprime auto
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