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Market Commentary

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

Market Closes Week Above 18,000

February 13th, 2015

The Dow settled above 18,000 points after recovering from a slow start on Monday. Markets closed at 18.019.35 Friday afternoon, a gain of 195.27 points on the week. NASDAQ was up 149.44 over 5 days, closing Friday at 4,893.84. The S&P 500 gained over 30 points, and settled in on Friday afternoon at 2,096.99. In … READ MORE

Dow Gains 47 Points, Closes Week Up

February 13th, 2015

The Dow closed the day up 46.97 and broke 18k, ending at 18,019.35. NASDAQ also grew, adding 36.23 points to close at 4,893.84. The S&P 500 was up 8.51 to finish trading at 2,096.99. World markets were mixed, with London, Germany, and Hong Kong posting gains. Japan’s Nikkei was down slightly, falling -66.12 to 17,913.36. … READ MORE

Shire Plc and Valeant to Potentially Make an Offer for Salix (SLXP) Pharmaceuticals

February 13th, 2015

Shares of the Salix Pharmaceuticals Inc. (SLXP) were trading up +4.82 or +3.23 percent to $154.00 per share in this morning’s premarket. According to sources familiar with the matter, British pharmaceutical company, Shire Plc has initiated steps on making a potential bid for the company and is currently working with advisors. In a related matter, … READ MORE

Dow Up 110 After Mid-Morning Dip

February 12th, 2015

The Dow rose 110.24 points today, settling at 17,962.38, after a late-morning surge saw profits rise on an unexpectedly high trade volume. NASDAQ also rose, up 56.43 points to 4,857.61. The S&P 500 gained 19.95 points to finish the day at 2,088.48. Markets were also up across the world, with Germany’s DAX and Japan’s Nikkei … READ MORE

WhiteWave Foods (WWAV) Reports Better than Expected Revenue

February 12th, 2015

Shares of the WhiteWave Food Company (WWAV) were up +1.32 or +3.71 percent to $36.86 per share in premarket trading on Thursday after the company announced earnings early this morning. Earnings per share were in line with expectations, but WhiteWave reported higher than anticipated revenue for the company’s fiscal fourth quarter. WhiteWave Foods stock closed … READ MORE

Electronics Up on a Flat Day for the Markets

February 11th, 2015

The Dow closed down 6.62 points today, falling to 17,862.14 at the end of the trading day. NASDAQ was up 13.53 points to 4,801.18 and the S&P closed at 2,068.53, down less than a tenth of a point. World markets were nearly all down as well, with Hong Kong’s Hang Seng losing 213.08 points to … READ MORE

Martin Marietta Materials Inc. (MLM) On Strong 4th Quarter Results

February 11th, 2015

Shares of Raleigh, North Carolina, based Martin Marietta Materials Inc. rose on Tuesday, against the backdrop of a strong day in stocks across the board. Martin Marietta Materials stock was up sharply, rising 15.17%, or $18.18 per share, to close at $137.24, on volume of 3,942,387 shares. The company reported that its net income from … READ MORE

Markets Up As Earnings Reports Continue to Trickle Out

February 10th, 2015

The Dow was up 139.95 points today, closing at 17,868.76 despite a lower than average trading volume. NASDAQ rose 61.64 points to close at 4,787.65, and the S&P 500 gained 21.83 points to finish the trading day at 2,068.57. In overseas trading, Germany’s DAX snapped a 3-day losing streak and gained 90.32 points to close … READ MORE

Coupons.com (COUP) Stock Hammered on Earnings, Guidance

February 10th, 2015

Shares of Coupons.com Incorporated (COUP) were trading at $9.90 per share, off -4.61 or -31.77 percent in this morning’s premarket after the company announced lower than expected earnings and guidance after the market close yesterday. Coupons.com Inc. stock closed at $14.51 per share, down -0.19 or -1.29 percent in Monday’s regular trading session. Mountain View, … READ MORE