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Market Commentary

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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Earnings Reports Continue to be Mixed; Yellen Takes Over Feb. 1st

January 31st, 2014

Weekly Wrap Up The Federal Reserve met this week and decided to increase tapering by another $10 billion, which will reduce its bond-buying program to $65 billion in February. This week also marks the last week that Bernanke will serve as the chair of the Federal Reserve, as Janet Yellen takes over on February 1st.
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Coca-Cola Suffers Security Breach; Tax Season Begins

January 31st, 2014

Stocks end down as tax season has officially begun. The tax season is beginning 10 days later this year due to the government shutdown in October. While many victims of recent retail breaches have been the customers, in Coca-Cola’s (KO) case it was the employees. The company stated that over 70,000 past and current employees’
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Chipotle (CMG) Stock Soars on Better than Expected Earnings

January 31st, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were trading up +62.04 points or +12.56 percent to $556.00 per share in pre-market trading this morning, after the company released impressive fourth quarter earnings. The company reported better than expected sales at established restaurants and an almost 30 percent increase in earnings. Chipotle stock closed at $493.96,
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Stocks Recover as Facebook’s Shares Soar

January 30th, 2014

Stocks seemed to recover today after a jump in GDP growth. Facebook (FB) posted revenue of $2.59 billion in the fourth quarter, its shares skyrocketed up 16% to begin the trading day at $62.11. The U.S. economy grew at a pace of 3.2% in the fourth quarter, which is down from the 4.1% growth seen
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Medivation (MDVN) Cancer Drug Shows Promise

January 30th, 2014

Shares of Medivation Inc. (MDVN) closed up +8.51 or +11.23 percent on Wednesday to $84.29 per share, after news that the company’s prostate cancer therapy had positive results in a Phase III PREVAIL study of men that had not yet begun chemotherapy treatment. The company is currently in collaboration with Japanese pharmaceutical company Astellas Pharma
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Fed Increases Taper by $10B, Stocks End at 2014 Low

January 29th, 2014

Stocks slid today, ending at a 2014 low, after the Fed announced that they will be trimming its monthly bond purchases by another $10 billion. This announcement marks one of Bernanke’s final decisions as the chair of the Federal Reserve. On Saturday, Janet Yellen will officially become the chair of the Federal Reserve and will
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D.R. Horton (DHI) Up on Strong Demand and Higher House Prices

January 29th, 2014

Shares of Fort Worth, Texas-based D.R. Horton Inc. (DHI) rose on Tuesday, after reporting that the company has been charging more for the homes that it builds, and that sales are increasing as the company moves into what is traditionally the busiest time of the year for home sales. The stock price was up $2.06,
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Apple’s Shares Drop; Walmart Plans to Lay-Off 2,300 Employees

January 28th, 2014

The Dow Jones, Nasdaq, and the S&P 500 all bounced up to end afternoon trading in the green as investors await the outcome of the Feds policy meeting. Apple (AAPL) has become very dependent on the iPhone. Apple shares dropped sharply today after the company released its disappointing earnings, mainly due to low iPhone sales.
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Southwest Air (LUV) to Offer International Flights

January 28th, 2014

Shares of Southwest Airlines Co. (LUV) closed down -0.23 or -1.10 percent on Monday, after the company announced during the day that the airline will begin servicing international customers beginning on July 1st. Southwest will begin its first international nonstop flights to Jamaica, Aruba and the Bahamas. In addition, Imperial Capital early this morning upgraded
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Fed Expected to Increase Taper by $10B; Southwest Expands Internationally

January 27th, 2014

Stocks continued to struggle today after last weeks big market sell-off. Southwest (LUV) announced today that they have plans to fly internationally. Beginning in July of 2014, Southwest will begin to offer flights to 3 Caribbean beach cities. But this is just the beginning, buy the end of the year Southwest plans to have flights
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Google (GOOG) to Buy DeepMind, Signs Licensing Deal with Samsung

January 27th, 2014

Shares of Google Inc. (GOOG) closed down -36.27 or -3.13 percent to $1,123.83 per share on Friday as the rest of the market sold off sharply. This morning, Google stock is up +2.01 or +0.18 percent to $1,125.84 per share in pre-market trading after news that the company will be taking over privately held Information
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Dow Jones Stumbles; P&G’s Net Income Falls 16%

January 24th, 2014

The Dow Jones dropped 318 points today and the Dow ended the day below 16,000 for the first time in months. Despite all of JP Morgan’s (JPM) legal woes and fines this year its CEO, Jamie Dimon, received a 74% increase in his salary for 2013, providing him with $20 million in compensation for the
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Stocks Continue to Struggle as Dow Jones Drops 318 Points

January 24th, 2014

Weekly Wrap Up Stocks continue to struggle this week with the Dow Jones ending the week dropping around 318 points on Friday. The S&P 500 and the Dow Jones finished the week below 1,800 and 16,000, respectively. The World Economic Forum began this week bringing the world’s top leaders together in Davos, Switzerland. While many
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