Search

Market Commentary

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
Read the full article…

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
Read the full article…

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.
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

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
Read the full article…

Intel (INTC) Stock Falls on Earnings, Lower Guidance

January 17th, 2014

Shares of Intel Corp. (INTC) were trading down -1.10 or -4.14 percent to $25.45 per share in pre-market trading on Friday after the company announced fourth quarter earnings, which came out on average in line with expectations. The company also revised its guidance for the year’s first quarter slightly below analyst expectations. Intel stock closed
Read the full article…

Best Buy’s Shares Fall 27%; Yahoo is Looking for a New COO

January 16th, 2014

Stocks end the day mixed after investors received mixed results from the holiday shopping season. After Best Buy (BBY) said that sales number didn’t reach expectations during the holiday season their shares fell more that 27% to $27.17 during afternoon trading. T-Mobile (TMUS) is offering to pay up to $650 in cancellation fees if you
Read the full article…

PNC Financial Services Group (PNC) Reports Record Net Income for 2013

January 16th, 2014

Shares of PNC Financial Services Group Inc. (PNC) closed with a gain of +0.84 or +1.08 percent to $78.84 per share on Wednesday, ahead of reporting earnings this morning which beat analyst estimates by $0.22 per share. The company reported early this morning full year 2013 net income of $4.2 billion, or $7.39 per diluted
Read the full article…

S&P 500 Closes at Record High as the Economy is Being Led by Housing & Auto Industries

January 15th, 2014

After a rough couple of weeks of 2014 the three main indices end the week up, with the S&P 500 jumping to a record high. The expansion of the economy is being led by the auto and housing industries as stated in the Fed’s Beige Book. Apple (AAPL) and the Federal Trade Commission came to
Read the full article…

Tesla Motors Inc. (TSLA) Surges on Higher than Expected Sales, Stock Upgrade

January 15th, 2014

Shares of Palo Alto, California, based Tesla Motors  (TSLA) surged 15.74% on Tuesday, rising $21.93 to $161.27 per share on volume of nearly 26 million shares. The company disclosed that had sold 20% more cars than expected in the fourth quarter of 2013. The company’s stock was also upgraded by R.W. Baird on higher production
Read the full article…

Target’s Breach a Wake-Up Call; TWC Rejects Charter Communication’s Bid

January 14th, 2014

Stocks end up today, being led by the technology sector. While Target’s (TGT) breach impacted millions of American’s, JP Morgan’s (JPM) CEO hopes it serves as a wake-up call to many retailers and banks. He thinks that cyber crimes will become more common if retailers and banks don’t work with one another to improve security.
Read the full article…

Beam Inc. (BEAM) to be Acquired by Suntory for $16 Billion

January 14th, 2014

Shares of Beam Inc. (BEAM) closed up +16.45 or +24.56 percent to $83.42 per share on Monday, after news that Japanese spirits and beverage company Suntory was acquiring the whiskey distiller in a deal worth roughly $16 billion. Suntory is paying $13.6 billion in cash and assuming Beam Inc.’s net debt. With the acquisition, Suntory
Read the full article…

Dow Jones Drops 170 Points; Companies Fail to Meet 4Q Projections

January 13th, 2014

Stocks end down today, with the Dow Jones ending the day dropping more than 170 points. The stocks stumbled after investors ponder the effects of the jobs report released on Friday and as many companies concerns are growing about failing to meet their fourth quarter projections. SodaStream (SODA) shares fell a whopping 24% today after failing
Read the full article…

PharMerica (PMC) Buys BGS Pharmacy Partners, Forecasts Solid 2014

January 13th, 2014

Shares of PharMerica Corporation (PMC) closed at a new all-time high, up +5.52 or +27.07 percent on Friday, after the company announced it had completed its acquisition of all of the outstanding stock of BGS Pharmacy Partners in an all-cash deal on December 31st, 2013. Financial terms of the acquisition were not released; however, PharMerica
Read the full article…