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Market Commentary

Gold Prices Continue to Fall; Pilgrim’s Pride Ups Bid for Hillshire Brands

June 3rd, 2014

Stocks fall as they retreated from record highs yesterday. All three U.S. indices ended the day down. The price of gold continues to slip as it hit its lowest level since January. Despite the fall, many believe that it is just a natural reaction to the rising stock prices. Despite their massive recalls, General Motors
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Quiksilver (ZQK) Off 37 Percent After Earnings Miss

June 3rd, 2014

Shares of Quiksilver Inc. (ZQK) were trading down -2.16 or -37.31 percent to $3.63 per share in pre-market trading on Tuesday, after the company announced financial results for its second fiscal quarter ended April 30th. Quiksilver released earnings after the close showing a wider than expected loss, driving the stock down -27 percent on more
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Record Finishes Continue for Dow and S&P 500; U.S. Manufacturing Up in May

June 2nd, 2014

The record days continue as the S&P 500 finishes at a record high for the third straight day while the Dow Jones achieved another record close for the second straight day. The Institute for Supply Management initially reported that U.S. manufacturing fell from 54.9 to 53.2 in May. But economists discovered an error and the
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Five Stocks to Watch in June

June 2nd, 2014

The U.S. stock market made yet another record in May, with the S&P 500 Index making a new all-time high on May 23rd and closing the month just 0.46 shy of the record. Nevertheless, some analysts are seeing underlying weakness in that the S&P 500 stocks only traded 1.8 billion shares last month, the lowest
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Dow Jones and S&P 500 End the Month in Record Territory

May 30th, 2014

Weekly Wrap Up The Dow Jones and S&P 500 both ended the month in record territory. The S&P 500 ended with record highs multiple days this past week, but was joined by the Dow on Friday. Despite ending the day down, Nasdaq posted a gain for the month of May. For the first time in
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Consumer Spending Unexpectedly Fell in April; Dow also in Record Territory

May 30th, 2014

The Dow Jones joined the S&P 500 to both finish the day record territory. Nasdaq ended down. The stocks were red during the majority of the day after reports showed that consumer spending dropped in April. This was an unexpected dip and was the first time American consumers cut back on spending in nearly a
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Annie’s (BNNY) Stock Pummeled on Earnings, Guidance

May 30th, 2014

Shares of Annieâ s Inc. (BNNY) were off -5.63 or -16.14 percent to $29.25 per share in pre-market trading on Friday, after the company announced earnings yesterday after the close. While earnings per share were better than expected, the companyâ s full year guidance disappointed analysts. Annieâ s stock closed at $34.88, up +0.24 or
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U.S. Economy Shrinks 1% in Q1; Bitcoin is Back

May 29th, 2014

The S&P 500 rallies after yesterdays loss to end the day up and hits yet another record close. The Dow Jones and Nasdaq also ended the day in the green. The U.S. economy shrunk in the first quarter for the first time in three years. It does appear that the decline will lead to a
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Intercept’s (ICPT) OCA Gets Fast Track Designation From FDA

May 29th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +16.97 or +7.25 percent to $251 per share in pre-market trading on Thursday, after the company announced late yesterday that the FDA had granted Fast Track designation for the companyâ s obeticholic acid (OCA). Intercept stock closed at $234.03 per share, down -5.89 or -2.45 percent in
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Is the Market Too Pricey?; DSW Down 25%

May 28th, 2014

Stocks end the day lower as the S&P 500 falls from its record high yesterday. The continual setting of record highs is disconcerting to many investors who are beginning to believe that the U.S. stock market is getting too pricey. Shares of shoe retailer DSW (DSW) fell nearly 25% during the day after sharply missing
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Hillshire Brands (HSH) Soars on Takeover Bid

May 28th, 2014

Shares of Chicago, IL, based Hillshire Brands Company (HSH) soared on Tuesday on a buyout bid from Pilgrim’s Pride (PPC). The stock was up $8.17 per share, or 22.07%, to close at $45.19, on volume of 41,656,963 shares. The stock closed near it’s 52 week high. In a surprise bid, Pilgrim’s Pride made a $5.5
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Consumer Confidence Up in May; S&P 500 Hits Another Record High

May 27th, 2014

The S&P 500 hits another new record as it closed above 1,900 for the second straight day. The Dow Jones and Nasdaq also ended the day up. The Consumer Confidence Index rose 1.7 in May, up to 83 from 81.7 in April. Many consumers’ expectations for the economy improved, along with the warmer weather. Durable
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Pfizer (PFE) Abandons AstraZeneca Bid

May 27th, 2014

Shares of Pfizer Inc. (PFE) were up +0.21 or +0.71 percent to $29.70 per share in pre-market trading this morning. The company announced yesterday that it was abandoning its $118 billion bid for UK pharmaceutical giant AstraZeneca (AZN). Pfizer issued a statement yesterday two hours before the 12:00PM EST deadline for AstraZeneca to counter the
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S&P Rallies Over 1900 For the First Time; Dollar and Gas See Weekly Gains

May 23rd, 2014

Weekly Wrap Up Wall Street extended gains through the end of the week with the S&P reaching record high territory once again. It is the first weekly advance for the index in three weeks. The Spring selling season is fully underway and it was reported that new home sales hit higher than expected in April.
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New Home Sales Rose 6.4%; S&P 500 Closed At 1,900

May 23rd, 2014

Ahead of the Memorial Day weekend, stocks rose today with the S&P 500, Dow, and Nasdaq making gains. New home sales rebounded in April. Sales reached 433,000 and outperformed an earlier median estimate of just 420,000. In corporate news, GameStop (GME) was up 4% after reporting a profit of 68 million, up from $54.6 million last
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Boeing (BA) to Acquire ETS Aviation

May 23rd, 2014

Shares of the Boeing Company (BA) closed up +0.88, or +0.67 percent to $131.84 per share in moderately active trading on Thursday, while the general market gained moderately. The company announced early this morning it had agreed to purchase UK aviation software company, ETS Aviation. Terms of the deal were undisclosed. Chicago, Illinois based Boeing
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JD.com (JD) Up 17 Percent in Initial Public Offering

May 22nd, 2014

Shares of JD.com (JD) were trading up +16.7 percent in active trading this morning, after the company had its initial public offering at $19 per share. JD.com stock is currently trading at $22.18 per share. JD.com is one of a series of large IPOs for Chinese e-commerce companies including Alibaba. The original range for the
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Gap’s Q1 Income Down 22%; HP to Eliminate At Least 11,000 Additional Jobs

May 22nd, 2014

Stocks continued to rally and ended the day slightly up. Retailers continued to release their first quarter earning reports this week. Best Buy (BBY) reported stronger-than-expected profit in Q1 resulting in their shares jumping up 2.7% during afternoon trading. Gap (GPS) didn’t quite fair as well, their Q1 net income fell 22% due to additional
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Minutes from the Fed’s April Meeting Released; Stocks Rally

May 21st, 2014

Stocks end the day up, with the Dow Jones gaining almost 160 points. This increase is partially due to luxury retailers, which were led by Tiffany’s (TIF) whose shares ended the day up 9%. The minutes from the April FOMC meeting were released today and investors were searching for clues that would help determine when
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Dicks Sporting Goods (DKS) Slides on Lower Projections

May 21st, 2014

Shares of Coraopolis, Pennsylvania based Dicks Sporting Goods (DKS) fell sharply on Tuesday, down $9.56 per share to $43.60, on volume of 15,736,044 shares. The fall represented a 17.98% decline in the price of the stock. Though the company saw significant growth in both earnings and revenues in the first quarter, they warned that both
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