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Market Commentary

PetSmart (PETM) Sells Itself for $8.7 Billion

December 15th, 2014

Shares of PetSmart Inc. (PETM) were up +3.58 or +4.61 percent to $81.25 per share in Monday’s premarket, after the company announced yesterday that it was being acquired by a foreign based private investor group for $83.00 per share. PetSmart shares closed at $77.67, down -0.77 or -0.98 percent in Friday’s regular session. Phoenix, Arizona
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Gas Prices Fall Below $58 a Barrel, Sending Stocks Lower

December 12th, 2014

Weekly Wrap Up Many investors are wondering if the end of the bull market is near as the Dow Jones fell 315 points on Friday, closing out one of its worst weeks in 3 years. The stocks continue to be dragged down by the falling gas prices, crude oil is now below $58 a barrel.
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Dow Closes Out Worst Week in 3 Years, Falls 315 Points

December 12th, 2014

The Dow continues to get hit by the falling gas prices and ends the day down 315 points. The Dow closed out the week as one of its worst weeks in 3 years. Gas prices also continue to fall, down below $58 a barrel. December historically has been a very friendly month for stocks, but
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Adobe (ADBE) Beats on Earnings, to Acquire Fotolia for $800M

December 12th, 2014

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. In addition to beating earnings estimates, the company announced it was acquiring stock-photo web company Fotolia for $800 million. Adobe stock closed at
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Crude Oil Falls Below $60 a Barrel, Lowest Price Since 2009

December 11th, 2014

The Dow Jones and S&P 500 ended a 3-day losing streak today in wake of a report showing strong retail sales in November. Crude oil prices continue to fall, plunging below $60 for the first time since July of 2009. This is seen as a ‘tax-cut’ for U.S. consumers as many people are spending what
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LendingClub (LC) Raises $865.5M in Initial Public Offering

December 11th, 2014

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. The initial expected range for pricing shares was between $12 and $14 per share, with the final price of $15 per share exceeding expectations. Lending
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One of the Worst U.S. Stock Market Days of 2014

December 10th, 2014

Today marks one of the worst days of 2014, in regards to the U.S. stock market. The continual decline of gas prices led to the Dow falling 268 points and the S&P 500 losing 1.6%. A gloomy output for oil in 2015 sent crude oil prices plunging once again. OPEC slashed oil production estimates for
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Bluebird Bio (BLUE) Takes Off on Promising Drug Results

December 10th, 2014

Shares of Cambridge, Massachusetts based Bluebird Bio, Inc. (BLUE) rocketed on Tuesday, against the backdrop of a mixed market on Wall Street. Bluebird’s stock was up 72.39%, rising by $35.29 per share, to close at $84.28 on volume of 8,209,814 shares. It was Bluebird’s highest close ever. On Monday night, the company announced that one
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The Dow Stages a Comeback But Falls Short, Ends the Day Down 51 Points

December 9th, 2014

The Dow attempted to stage a comeback today after falling 222 points, but failed to deliver as it ended the day down 51 points. Global economic concerns weighed heavy on the stock market today. Chinese and European markets plummeted today and Greece saw one of its worst trading days in a decade. After falling 5%
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Conn’s (CONN) Stock off Sharply on Third Quarter Earnings

December 9th, 2014

Shares of Conn’s Inc. (CONN) were trading down -11.21 or -31.95 percent to $23.88 in this morning’s premarket, after the company announced a loss for its fiscal third quarter, 2015 ended on October 31st 2014. Analysts were expecting the company to post a profit for the quarter. Conn’s stock closed at $35.09, down -0.15 or
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Tesla’s Stock Plunges as Oil Prices Continue to Fall

December 8th, 2014

Stocks end the day down after the energy sector sector fell 5% due to the continual drop in oil prices. The energy sector isn’t the only one that is hurting due to the falling gas prices, Tesla’s stock has fallen more than 25% since September as alternative fuel is not deemed necessary due to the
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Cubist Pharmaceuticals (CBST) to be Acquired by Merck in $9.5B Deal

December 8th, 2014

Shares of Cubist Pharmaceuticals Inc. (CBST) were up +26.66 or +35.85 percent to $101.02 per share in this morning’s premarket, after news broke late Friday that the company was in acquisition talks with Merck & Co. (MRK). The deal, which was just announced this morning, could be worth as much as $9.5 billion. Cubist stock
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Stocks Push Further Into Record Territory on Better-Than-Expected Jobs Report

December 5th, 2014

Weekly Wrap Up Hiring was the theme of November as employers blew past the most optimistic expectations and added 321,000 jobs. The unemployment rate also remained unchanged at 5.8% as 70% of U.S. industries added jobs last month. The much better-than-expected jobs report sent stocks soaring into record territory. The Dow Jones even finished the
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321,000 Jobs Added in November; Dow Finishes Just Below 18,000

December 5th, 2014

The Dow Jones falls just short of reaching 18,000, ending the day at 17,958. 321,000 jobs were added in November, blowing past even the most optimistic expectations. The release of the jobs report puts 2014 on track to become the best year for job growth this century. The unemployment rate remained unchanged at 5.8% as
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The Gap (GPS) Same Store Sales Rise Six Percent

December 5th, 2014

Shares of The Gap Inc. (GPS) were trading up +1.44 or +3.55 percent to $42.00 per share in this morning’s premarket, after the company announced that November same store sales had risen six percent compared to a year earlier. Analysts expected a -1.4 percent decline. Gap stock closed at $40.56 per share, down -0.04 or
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Starbucks Shares Near All-Time High; S&P 500 Up 12% in 2014

December 4th, 2014

Despite ending the day in the red, stocks are still on track to make strong gains in 2014. The S&P 500 is up 12% in 2014 alone. Starbucks (SBUX) shares approached all time-highs today after unveiling their ambitious 5-year growth plan. The coffee chain plans on adding additional stores, increasing menu offerings and offering alcoholic
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Best Buy (BBY) to Sell its Five Star China Business

December 4th, 2014

Shares of Best Buy Co. Inc. (BBY), were trading up +0.65 or +1.80 percent to $36.69 per share in Thursday’s premarket, after the company announced early this morning that it would be selling its Five Star business in China for an undisclosed amount. According to Best Buy, the sale will have little impact on the
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Dow Closes Above 17,900 for the First Time; 208,000 Jobs Added by Private Sector in November

December 3rd, 2014

Stocks climbed further today as the Dow Jones and S&P 500 notched all-time closing highs. The Dow Jones even closed above 17,900 for the first time ever today. Stocks rose as reports were released regarding steady job growth and other positive economic news. The U.S. private sector added 208,000 jobs in November, missing the estimated
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Shoe Carnival (SCVL) Up on Higher Third Quarter Earnings

December 3rd, 2014

Shares of Evansville, Indiana, based Shoe Carnival Inc. (SCVL) rose sharply on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $3.75 per share, or 19.11%, to close at $23.37 on volume of 487,327 shares. After the close of the markets on Monday night, the company announced that
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Dow Soars to 32nd Record Close of 2014; CEOs Trimming 2015 Forecasts

December 2nd, 2014

After falling yesterday, stocks recovered today as the Dow soared 102 points to close at its 32nd record finish of the year. Nasdaq and the S&P 500 also finished in the green today. The nation’s top CEOs trimmed their 2015 forecasts today in regards to capital spending and sales, but increased their hiring plans over
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