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Market Commentary

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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Netflix (NFLX) Stock Surges on Subscriber Growth, Earnings

January 24th, 2014

Shares of Netflix Inc. (NFLX) closed up +54.99 or +16.48 percent to $388.72 per share on Thursday, after the company announced earnings on Wednesday afternoon. The stock rallied sharply in after-hours trading as the company reported earnings of $48.4 million or $0.79 per share for the quarter, significantly higher than the $0.13 per share the
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1.1M Impacted by Neiman Marcus Hack; NFLX’s Shares Rise 14%

January 23rd, 2014

Stocks dropped sharply today after investors reacted to additional signs of a slowdown in China. Despite Icahn’s efforts and recommendations that eBay (EBAY) spin off PayPal into its own company, eBay rejected the idea. But some analysts are optimistic that this spin off may occur in the future if there is value to his recommendation.
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eBay (EBAY) Releases Earnings, Icahn Pushes to Spinoff PayPal

January 23rd, 2014

Shares of eBay Inc. (EBAY) were trading up +2.33 or +4.28 percent to $56.65 per share in pre-market trading on Thursday, after the company released its fiscal fourth quarter and full-year earnings results Wednesday afternoon. eBay stock closed up +0.26 or +0.48 percent to $54.41 in Wednesday’s regular trading session. In addition to the earnings
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IBM Weighs Dow Down; The World Economic Forum Has Begun

January 22nd, 2014

Stocks continue to be sluggish as they have been for the year so far. The Dow Jones is being weighed down by IBM (IBM) whose shares were down 3.5% during afternoon trading. The World Economic Forum began its 44th annual meeting this week in Davos, Switzerland. While this forum normally doesn’t solve any major issues
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Alcoa Inc. (AA) Up on Rising Demand and Stock Upgrade

January 22nd, 2014

Shares of New York, NY, based Alcoa Inc. (AA) rose on Tuesday, against the backdrop of a mixed day in stocks overall. Alcoa Inc.’s stock was up 6.78%, rising 77 cents per share, to close at $12.13, on volume of 126,790,593 shares. The company’s stock was upgraded from “neutral” to “overweight” (buy) by an analyst
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Mixed 4Q Earnings Reports Deliver Mixed Stocks

January 21st, 2014

Stocks end mixed today after the U.S. markets were closed yesterday for MLK day. The stocks continue to end mixed after companies are continuing to release their 4Q earnings report, which also reveal mixed results. It looks like Wall Street will be favoring the Seattle Seahawks this year to win the Super Bowl based on the
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BlackBerry (BBRY) Stock Rockets on DOD Deal

January 21st, 2014

Shares of BlackBerry Ltd (BBRY) closed up +0.52 or +6.07 percent to $9.08 per share on Monday on twice its normal daily volume, after news the U.S. Defense Department will use the company’s smartphones in one of its new networks. Shares traded on Canadian exchanges due to the U.S. bank holiday on Monday. BlackBerry stock
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General Electric (GE) to Acquire Cameron Reciprocating Compression Unit

January 20th, 2014

Shares of the General Electric Company (GE) closed down -0.62 or -2.28 percent on Friday on almost triple its daily volume. U.S. markets were closed on Monday morning in observance of Martin Luther King’s Birthday, however, GE announced this morning it would be buying Cameron International Corp.’s CAM reciprocating compression unit for $550 million. The
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Factory Output Continues to Rise; GE Profits Increase by 5% in 4Q

January 17th, 2014

U.S. Factory output continues to rise – in December it rose for the fifth straight month. Factory output is now 22% above its recession low. UPS (UPS) is expecting its 4Q profit to be lower than expected due to all the delayed deliveries of holiday packages. UPS cites that they were hit hard due to
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S&P 500′s Record High is the Bright Spot of the Week

January 17th, 2014

Weekly Wrap Up After having mixed results since the beginning of the year the stocks had a bright spot this week – on Wednesday the S&P 500 ended the day with a record high. Many companies reported this week that their 4Q earnings were not as high as they were expecting. Many retailers are falling
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