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Market Commentary

Coke Increases Stake in Keurig; Another Record Day for Dow and S&P 500

May 13th, 2014

The Dow Jones and S&P 500 climbed even higher today to end with yet another record close for the second day straight. Nasdaq didn’t fare as well as it ended the day down 0.1%. The Department of Transportation released today that almost 65,000 domestic flights were cancelled this year due to the winter weather. These
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AT&T to Acquire DirecTV (DTV) in $50B Deal

May 13th, 2014

Shares of DirecTV (DTV) were trading up +4.28 or +4.91 percent to $91.44 per share in pre-market trading on Tuesday, after sources revealed yesterday that the two companies were working towards a formal announcement. The takeover is said to be for a minimum of $50 billion and would make AT&T (T) the nationâ s largest
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Dow Jones, S&P 500 Close at Record Highs

May 12th, 2014

The Dow Jones and S&P 500 closed at record highs today, with Nasdaq also ending the day in the green. This surge is partially due to investors purchasing some stocks that have been slumping recently. Pinnacle Foods (PF) stock rose over 13% today after it was announced that Hillshire Brands (HSH) will be purchasing the
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Aceto Corp. (ACET) Stock Off 17% on Third Quarter Earnings

May 12th, 2014

Shares of Aceto Corp. (ACET) closed down -3.95 or -17.17 percent to $19.06 per share in active trading on Friday, after the company announced third quarter earnings which failed to meet analyst expectations. The stock was down significantly on Friday after the company reported its profit had dropped almost thirty percent for the quarter compared
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Dow Jones Closes at Record High; Companies Continue to Release Q1 Earnings Reports

May 9th, 2014

Weekly Wrap Up Stocks continued to end mixed all week. The Dow Jones had a roller coaster of week, dropping nearly 130 points on Tuesday, then recovering the majority of that loss on Wednesday and ending the week at a new all-time high on Friday. Companies continued to release their Q1 earning reports this week
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USPS Posts a $1.9B Loss in Q1; Apple Reportedly to Acquire Beats

May 9th, 2014

Stocks ended the day up as Nasdaq snapped a three-day losing streak and the Dow Jones ended the day at a new all-time high. USPS posted a first quarter loss of nearly $1.9 billion, making it the 20th time in the last 22 quarters that USPS posted a loss. After raising the monthly subscription price
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Omnicom (OMC) and Publicis Terminate $35B Merger

May 9th, 2014

Shares of Omnicom Group Inc. (OMC) were off -1.80 or -2.72 percent in afterhours trading to $64.40 per share on Thursday, after the company announced it was terminating its merger with French advertising giant, Publicis Groupe SA. Omnicom stock closed at $66.20 per share, up +0.42 or +0.64 percent in its regular trading session on
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Companies Claim Obamacare Hurt Q1 Profits; Amazon Expands Sunday Delivery

May 8th, 2014

Stocks end the day mixed yet again, with the Dow Jones ending the day barely up and Nasdaq and the S&P 500 ending the day slightly down. First companies were blaming the harsh winter weather for negatively impacting their profits, now it is Obamacare. Over 30 companies in the S&P 500, out of the 446
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Tesla (TSLA) Stock Pummeled After Earnings

May 8th, 2014

Shares of Tesla Motors Inc. (TSLA) was off -16.31 or -8.10 percent to 185.04 in pre-market trading on Thursday, after the company announced first quarter earnings late yesterday. Tesla announced a profit of +$17 million, versus $48.9 million in 2013â s fourth quarter. Tesla stock closed down -5.93 or -2.86 percent to $201.35 in Wednesdayâ
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AOL Q1 Income Falls 64%; Yellen Has Bright Outlook on Economic Future

May 7th, 2014

Stocks end the day mixed, with Nasdaq being dragged down by “toxic” stocks such as Whole Foods (WFM) and Yahoo (YHOO). Despite a slow first quarter, Janet Yellen believes that economic growth will accelerate throughout the remainder of the year. But she does note that the housing market slowdown may be a point of concern
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Office Depot (ODP) Rises Sharply on Better Than Expected First Quarter

May 7th, 2014

Shares of Boca Raton, Florida, based Office Depot, Inc. (ODP) rose on Tuesday, against the backdrop of a sharp sell-off on Wall Street overall. Office Depot was up 15.83%, rising 66 cents per share, to close at $4.83, on volume of 61,326,276 shares. The company announced better than expected first quarter results, as well as
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Dow Jones Falls 130 Points; Office Depot to Close 400 Stores

May 6th, 2014

Stocks end the day sharply lower as the Dow Jones lost nearly 130 points. Twitter’s (TWTR) shares fell a whopping 18% on the day and plummeted to its lowest point since its IPO debut in November. Chrysler hopes to become mainstream as it announced that it will be releasing a compact sedan, the Chrysler 100,
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Merck & Co. (MRK) Sells Unit to Bayer for $14.2 Billion

May 6th, 2014

Shares of Merck & Company (MRK) were trading up +0.37 or +0.63 percent to $59.00 per share in pre-market trading, after the company announced earlier this morning that it would sell its consumer care unit to German pharmaceutical giant, Bayer AG for $14.2 billion. Merck stock closed at $58.63 per share, up +0.41 or +0.70
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Target’s CEO Steps Down; GM Issues Another Recall

May 5th, 2014

Stocks end the day up as the four-year anniversary of the flash crash quickly approaches. On May 6, 2010 $1 trillion in wealth was wiped out almost instantly, investors still wonder what caused the the quick crash. Target’s (TGT) CEO stepped down from his position today, just five months after the retailer experienced a massive
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B/E Aerospace (BEAV) Considers Sale

May 5th, 2014

Shares of B/E Aerospace Inc. (BEAV) were trading up + 7.86 or +8.84 percent to $96.82 per share in pre-market trading on Monday, after the company announced Sunday it was considering strategic alternatives, which included a possible sale of the company, a merger or the spin off of the company, or of a selected subsidiary.
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288,000 Jobs Added in April; Unemployment Rate Falls to 6.3%

May 2nd, 2014

Stocks end down today despite the better than expected April jobs report being released. Employers added 288,000 jobs in April, the most jobs added in a single month in over two years. The unemployment rate also fell to 6.3% from 6.7%, which is currently at the lowest rate since September 2008. The Commerce Department announced
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April Jobs Report Beats Estimates; Fed Will Continue Tapering

May 2nd, 2014

Weekly Wrap Up The stocks ended the week down on Friday but had some bright spots during the week – on Wednesday the Dow Jones closed at a record high. The Federal Reserve announced this week that they would be cutting the stimulus once again. The Fed will  now only spend $45 billion a month
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LinkedIn (LNKD) Stock Lower After Posting Loss

May 2nd, 2014

Shares of LinkedIn Corp. (LNKD) were trading at $160.00 per share, down -1.22 or -0.76 percent in early pre-market trading Friday, after the company announced its first quarter 2014 earnings right after the close of trading on Thursday. LinkedIn stock was down to $154.20 per share, or -4.4 percent lower in after-hours trading Thursday after
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NYSE Assessed a $4.5 Million Penalty; Ford Names New CEO

May 1st, 2014

The Dow Jones and S&P 500 ended the day barely down, while Nasdaq ended the day up due to momentum from Netflix (NFLX) and other tech stocks. The Securities and Exchange Commission charged the NYSE along with two other affiliated exchanges for “failure to comply with the responsibilities” regarding securities laws. The NYSE and the
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Five Stocks to Watch in May

May 1st, 2014

The U.S. stock market continued its relentless rally in April, with the Dow Jones Industrial Average closing at a new all-time high of 16,580.84 and the S&P hitting a new high of 1897.28 on April 2nd. The market sold off mid-month in part due to geopolitical tensions in the Ukraine, as well as concerns of
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