Search

Market Commentary

Consumer Prices Rose as the Housing Market Fell in May

June 17th, 2014

Stocks close the day higher for the third straight day. The housing market fell more than expected in May. Housing starts fell 6.5% month over month in May, which was worse that the expected fall of 3.9% month over month. Consumer prices also rose more that expected last month. The consumer price index jumped up
Read the full article…

eBay’s (EBAY) PayPal Expands to 10 New Countries

June 17th, 2014

Shares of eBay Inc. (EBAY) were trading up +0.17 or +0.35 percent to $49.17 per share in pre-market trading on Tuesday, after the company announced yesterday that their PayPal unit was expanding into ten new countries including Nigeria. eBay stock closed at $49.00 per share, down -0.04 or -0.08 percent in Mondayâ s regular trading
Read the full article…

IMF Pulls Back U.S. Growth Forecast in 2014; Alibaba Closer to IPO Debut

June 16th, 2014

Stocks end the day barely up for the second straight day. The dismal first quarter performance forced the International Monetary Fund to pull back its forecast for U.S. growth in 2014. The main culprit of poor performance in Q1 was the harsh winter weather, which shrunk the annual growth rate to around 1%. Alibaba is
Read the full article…

Medtronic (MDT) to Acquire Covidien in $49.2 Billion Deal

June 16th, 2014

Shares of the Medtronic Inc. (MDT) were trading up +7.45 or +12.27 percent to $68.15 per share in pre-market trading Monday morning, after news broke on Sunday that the company would be taking over UK based Covidien plc (COV) for $49.2 billion. Medtronic stock closed at $60.70, down -0.09 or -0.15 percent in Fridayâ s
Read the full article…

Priceline to Purchase OpenTable; Justice Department Prepares to Sue Citigroup

June 13th, 2014

After ending down for most of the week, all three main indices in the U.S. ended the day in the green. The Justice Department is preparing to sue Citigroup (C) over the bank’s sale of mortgage-backed securities. The Justice Department could file the lawsuit as early as next week. P.F. Chang’s is the most recent
Read the full article…

S&P 500 Surpassing 2014 Outlook; Global Unrest Drives Stocks Down

June 13th, 2014

Weekly Wrap Up Stocks had a rocky week partially due to the ongoing unrest in Iraq. This unrest is also pushing crude oil prices to their highest level this year and increasing the global demand for oil. The World Bank also lowered its global economic outlook due to ongoing conflicts in many parts of the
Read the full article…

Intel (INTC) Shares Higher on Revised Guidance

June 13th, 2014

Shares of the Intel Corporation (INTC) were up +1.78 or +6.37 percent to $29.74 per share in pre-market trading on Friday, after the company raised second quarter and full year revenue and gross margin expectations Thursday afternoon. Intel stock closed at $27.96 per share, up +0.03 or +0.11 percent in Thursdayâ s regular trading session.
Read the full article…

Oil Prices Hit 8-Month High; Caterpillar’s Shares Up 20% in 2014

June 12th, 2014

Stocks continued to fall deeper in the red today, mainly due to escalating violence in Iraq and mixed economic signals. It is also likely that gas prices will quickly rise due to the tension in Iraq; gas was pushed to an eight-month high today. One of the most important stocks in the Dow is Caterpillar
Read the full article…

Geron (GERN) Stock Soars as FDA Lifts Hold

June 12th, 2014

Shares of Geron Corporation (GERN) were up +0.86 or +33.07 percent to $3.46 per share in pre-market trading on Thursday, after the company announced early this morning that the FDA had notified Dr. Ayalew Tefferi of the Mayo Clinic the partial hold on clinical trials for Geronâ s treatment of myelofibrosis, imetelstat, had been lifted.
Read the full article…

The World Bank Lowers Global Economic Outlook; Dow Falls 100 Points

June 11th, 2014

Stocks retreat from recent record highs today, with the Dow falling over 100 points. The stocks slid today mainly due to the World Bank lowering its global economic outlook. The World Bank cites the harsh winter weather in the U.S., the continual unrest in Ukraine, and the economic “rebalancing” in China, among other issues, for
Read the full article…

Inovio Pharmaceuticals (INO) Falls on Rumor of Drug Test Failure

June 11th, 2014

Shares of pharmaceutical research company Inovio Pharmaceuticals, Inc. (INO) fell on Tuesday against the backdrop of a higher day for the markets overall. The stock fell $1.44 per share, down 13.36%, to close at $9.34. The activity came on volume of 11,407,818 shares, compared to average daily volume of 1.521 million shares. The stock fell
Read the full article…

Radio Shack’s Earnings Disappoint; Labor Market Improving

June 10th, 2014

Stocks barely changed today, with the exception of the Dow who ended the day with another record close. Radio Shack’s (RSH) woes continue. Just a couple of months ago the retailer announced that they would be closing around 1,100 stores. After their disappointing earnings report that was released today it seems like the technology retailer
Read the full article…

Receptos (RCPT) Rallies Sharply on Phase 2 Study Results

June 10th, 2014

Shares of Receptos Inc. (RCPT) surged +9.80 or +33.56 percent to $39.00 per share in pre-market trading on Tuesday, after the company announced yesterday that its RPC1063, in relapsing multiple sclerosis or RMS had met its primary endpoint in the Phase 2 part of its RADIANCE trial. RCPT stock closed up +3.20 or +12.30 percent
Read the full article…

Dow Closes in on 17,000; Tyson to Purchase Hillshire Brands

June 9th, 2014

All three main indices in the U.S. finished up today, with the Dow approaching 17,000. After weeks of fighting for Hillshire Brands (HSH) it seems like Tyson’s (TSN) has won with a bid of $8.5 billion. Pilgrim’s Pride (PPC) withdrew its previous bid for Hillshire on Monday. Family Dollar (FDO) announced approval for a “poison
Read the full article…

Icahn Discloses Stake in Family Dollar (FDO)

June 9th, 2014

Shares of Family Dollar Stores Inc. (FDO) were up +7.52 or +12.42 percent to $68.05 per share in pre-market trading this morning, after news late Friday that Carl Icahn had disclosed a stake of 9.4 percent in the company. The 13-D filing with the Securities and Exchange Commission made late Friday showed Icahn and several
Read the full article…

Record Finishes Continue for Dow and S&P 500; Nasdaq Hits 3-Month High

June 6th, 2014

Weekly Wrap Up The Dow Jones and the S&P 500 achieved multiple record closes throughout the week. They both also ended the week with record highs and Nasdaq finished the week off at its highest level in almost 3 months. The May jobs report was released on Friday and the U.S. added 217,000 jobs last
Read the full article…

217,000 Jobs Added in May; Uber Valued at $17 Billion

June 6th, 2014

May’s job report was released today showing that more jobs were created than expected. The U.S. added 217,000 jobs last month while the unemployment rate remained constant at 6.3%. The jobs reports pushed stocks even higher, with the S&P 500 and Dow Jones closing at record highs and Nasdaq closing at its highest level in
Read the full article…

GW Pharmaceuticals’ (GWPH) Epidiolex Fast Tracked by FDA

June 6th, 2014

Shares of GW Pharmaceuticals plc (GWPH) were up +5.15 or +7.60 percent to $72.93 per share in pre-market trading this morning, after the company announced its cannabis based drug Epidiolex, for the treatment of Dravet Syndrome, was granted Fast Track designation by the U.S. Food and Drug Administration. GW Pharmaceuticals stock closed at $67.78 per
Read the full article…

U.S. Household Wealth Hits Record High in Q1; GM Fires 15 in Response to Pending Investigation

June 5th, 2014

Stocks continued to gain throughout the day resulting with the Dow and S&P 500 closing at record highs. General Motors (GM) has taken action in response to the continual investigation into the faulty ignition switches that caused at least 13 deaths, firing 15 employees and disciplining 5 more. At least half of the employees who
Read the full article…

T-Mobile (TMUS) and Sprint Close to an Agreement

June 5th, 2014

Shares of T-Mobile International AG (TMUS) were up +0.72 or +2.10 percent to $35.00 per share in Thursdayâ s pre-market, after it was revealed late yesterday that Sprint Corp. (S) was close to reaching an agreement for the acquisition of T-Mobile in a deal that could value the company for as much as $40 billion.
Read the full article…