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Market Commentary

Weight Watchers (WTW) Stock Pummeled After Earnings

February 14th, 2014

Shares of Weight Watchers International Inc. (WTW) were trading down -5.83 or -19.06 percent to $24.75 per share in pre-market trading on Friday, after the company reported earnings following the market close on Thursday. Weight Watchers stock had closed at $30.58, up +0.90 or +3.03 percent in Thursday’s regular trading session. Fourth quarter earnings missed
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IPO Surge in 2014; GM Recalls 778,000 Cars

February 13th, 2014

The  three main U.S. stock indices ended up today despite the fact that retail sales in January dropped 0.4%. After months of deliberation Time Warner Cable (TWC) and Comcast (CMCSA) have finally come to an agreement. The companies confirmed today that they are entering a $45.2 billion deal to combine the nation’s two largest cable
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Time Warner Cable (TWC) to be Acquired by Comcast in 45B Deal

February 13th, 2014

Shares of Time Warner Cable (TWC) were up +20.19 or +14.92 percent to $155.50 per share in pre-market trading early on Thursday, after news that Comcast (CMCSA) would be taking the company over in a deal worth over $45 billion. Time Warner Cable closed at $135.31 per share, up +0.41 or +0.30 percent in Wednesday’s
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Obamacare Enrollment Increases; Home Depot to Hire 80,000

February 12th, 2014

Stocks end mixed the day after the Dow Jones achieved a 4-day rally. Congress decided to suspend the debt limit until March of 2015. The vote strictly aligned with party lines, with the Democrats supporting it while the Republicans voted in opposition. More Americans are enrolling in Obamacare as the number has reached 3.3 million
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Sprint (S) Up on Improved 4th Quarter Results

February 12th, 2014

Shares of Overland Park, Kansas, based Sprint Corporation (S) closed higher on Tuesday, up 21 cents per share, or 2.73%, to close at $7.90, on volume of 44,210,253 shares. The company reported that its fourth-quarter net loss was lower than what had been forecast by advanced estimates. The company’s total revenue increased, and the number
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Yellen Says the Economy is Improving; Barclay’s Cuts 12,000 Jobs

February 11th, 2014

The Dow rallies for its first four-day winning streak of 2014. Janet Yellen, the  chair of the Federal Reserve announced that she believes that the economy is improving at a moderate pace. But she did downplay the recent slowdowns in job growth saying that it may be to early to jump to any conclusions. Britain’s
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Rackspace Hosting (RAX) Stock Declines After Earnings, CEO Retires

February 11th, 2014

Shares of Rackspace Hosting Inc. (RAX) were off -4.56 or -11.30 percent in pre-market trading on Tuesday after the company announced fourth quarter earnings after the close on Monday. Rackspace stock closed at $40.36, up +0.85 or +2.15 percent in Monday’s regular trading session. The company reported earnings of $0.14 per share in line with
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GM Reveals CEO’s Steep Paycheck as Stocks Rally for 3rd Straight Day

February 10th, 2014

Stocks end up extending their rally to a third day, the day before Janet Yellen is supposed to appear before Congress. Yellen is set to give her first semiannual Humphrey-Hawkins testimony on monetary policy tomorrow after being at the helm of the Fed for less than two weeks. After months of urging Apple (AAPL) to
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Athenahealth (ATHN) Stock Soars on Earnings

February 10th, 2014

Shares of Athenahealth Inc. (ATHN) closed up +34.85 or +25.06 percent to $173.93 per share on Friday, after the company announced better than expected fourth quarter earnings. The company also announced that its customer base of physicians had increased +28 percent in the quarter. Athenahealth reported net income had risen to $13.1 million or $0.34
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Another Weak Jobs Report; Consumers Borrowed $19B in December

February 7th, 2014

Stocks rose today high enough to erase the Dow’s big 326-point loss it suffered on Monday. The jobs report was released today revealing less than expected numbers. Economists predicted that nearly 189,000 jobs would be added in January, but in reality only 113,000 jobs were added. Should the Fed rethink its tapering strategy after two
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Facebook Celebrates 10 Years as January Jobs Report is Released

February 7th, 2014

Weekly Wrap Up The week began with the worst start in February since 1933 but ended on a high note as all three main U.S. indices ended in the green on Friday. On Tuesday of this week Facebook (FB) celebrated its 10th birthday. Over the past 10 years Facebook has become one of the top
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LinkedIn (LNKD) Stock Plunges on 2014 Guidance

February 7th, 2014

Shares of LinkedIn Corp. (LNKD) were trading at $207.79 off -15.66 or -7.01 percent in pre-market trading this morning, after the company announced fourth quarter and 2013 full year results after the market close yesterday afternoon. LinkedIn stock closed at $223.45, up +9.09 or +4.24 percent in Thursday’s regular trading session. LinkedIn reported solid fourth
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S&P 500 & Dow Post Best Gains of 2014; Sony to Cut 5,000 Jobs

February 6th, 2014

After having mixed results all week there was a positive end to trading day on Thursday, as the Dow Jones and S&P 500 posted best point gains of the year. Sony (SNE) announced that it will be cutting as many as 5,000 jobs as the company has decided to sell its PC business to focus
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Five Stocks to Watch in February

February 6th, 2014

2014 started out with a bang, as the S&P 500 Index reached a new all-time high of 1850.84 on January 15th. While the Dow, which made its all-time high in December, was still trading at 16,500 in early January, since then, the market has sold off sharply, with the S&P 500 Index losing over -100
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175,000 Jobs Added in January; Flight Delays Cost Billions

February 5th, 2014

All three of the main indices ended the day after their short-lived rebound yesterday. Twitter’s (TWTR) shares fell 13% in after hours trading despite beating Wall Street’s sales and profit expectations. In January the private sector added 175,000 jobs which fell below expectations by 10,000. CVS Caremark (CVS) announced that they will no longer sell
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J.C. Penney (JCP) Slides on Good News, Bad Reviews

February 5th, 2014

Shares of Plano, Texas, based J.C. Penney Co. Inc. (JCP) fell $.60 to $5.08 per share, a decline of 10.56% on volume of nearly 112 million shares. Despite reporting a 2% increase in same store sales for the fourth quarter of 2013 – the first such increase since the second quarter of 2011 – industry
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Microsoft Names New CEO as Stocks Rebound

February 4th, 2014

Stocks rebounded today after posting its worst start in February in over 80 years. After months of anticipation Microsoft (MSFT) has finally named its new CEO, Satya Nadella. Nadella becomes Microsoft’s third CEO it is 39-year history after working for the company for the past 22 years. Michael Kors has become a billionaire today after
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Yum! Brands (YUM) Profit Beats Estimates

February 4th, 2014

Shares of Yum! Brands Inc. (YUM) were trading up +2.78 or +4.20 percent to $68.94 per share in afterhours trading on Monday, after the company released fourth quarter earnings for its 2013 fiscal year. Yum reported a -4.7% decline in profits due to a onetime charge but revenue edged up. Yum! Brands stock closed at
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Budweiser Receives Super Bowl Ad Praise; Dow Falls 326 Points

February 3rd, 2014

The Dow Jones dropped 326 points as the three main U.S. indices end the trading day down. After seeing many new and exciting commercials last night during the Super Bowl it seems like the fan favorite ad belongs to Budweiser’s (BUD) “Puppy Love” commercial. Budweiser, along with Doritos possess the top 4 spots in the
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Jos. A. Bank (JOSB) Rejects Men’s Wearhouse Bid, In Talks with Eddie Bauer

February 3rd, 2014

Shares of Jos. A. Bank Clothiers Inc. (JOSB) were down -2.60 or -4.67 percent to $53.11 per share in pre-market trading on Monday after the company announced on Sunday it was rejecting the latest bid from The Men’s Wearhouse Inc. (MW). Citing the offer “undervalues” the company, in a letter written by Jos. A. Bank’s
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