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Market Commentary

Markets End Slow Week on a High Note

April 10th, 2015

Markets closed a slow week on the upswing today. The Dow gained 98.82 points to close at 18,057.55. The NASDAQ was up 21.41, and the S&P 500 grew by 10.88 points. In overseas trading, only Japan’s Nikkei dipped today. The Hang Seng closed the week with another big 342 point gain, and Germany’s DAX rose … READ MORE

General Electric (GE) to Exit Lending Business and Sell $26.5B in Real Estate

April 10th, 2015

Shares of the General Electric Company (GE) were trading up +2.39 or +9.29 percent in Friday’s premarket after the company announced early this morning it would be exiting the bulk of its financing business, which would include the sale of most of the company’s real estate for $26.5 billion. General Electric stock closed at $25.73, … READ MORE

The Dow Gains 56 As Bonds Show Signs of Stabilizing

April 9th, 2015

Markets were up across the board today, as bond yields reversed course and bonds rose 0.06%. The Dow gained 56.22 points to close at 17,958.73. The S&P 500 was up 9.28 and closed at 2,091.18. The NASDAQ was up 23.75 points, and closed the day at 4,974.57. In overseas trading, every major market rose. The … READ MORE

Mylan Offers $205 per Share for Perrigo (PRGO)

April 9th, 2015

Shares of Perrigo Company Plc (PRGO) were trading up +6.99 or +3.58 percent to $201.99 per share in Thursday’s premarket after Mylan Inc. (MYL) made a bid of $205 per share in cash and stock for the company yesterday. Perrigo stock closed at $195.00 per share, up +30.29 or +18.39 percent in Wednesday’s regular trading … READ MORE

High Tech Trading, Major Merger Drive Markets Up

April 8th, 2015

Trading today was slow, but all three major exchanges ended the day up slightly. The NASDAQ, with its focus on high tech stocks, made the largest gains. It ended the day at 4,950.82, up 40.59 points. The Dow was up 27.09 points to close at 17,902.51. The S&P 500 added 5.57 points and closed at … READ MORE

Ocwen Financial Corp. (OCN) Up After Affiliate Cancels Proposed Merger

April 8th, 2015

Shares of Atlanta, Georgia, based Ocwen Financial Corp. (OCN) rose on Tuesday, against the backdrop of a largely flat day on Wall Street. Ocwen’s stock was up $0.93 per share, rising 11.16% to close at 9.26, on volume of 7,285,765 shares. The stock rose on news that Ocwen’s affiliate, Home Loan Servicing Solutions, Ltd. announced … READ MORE

Domestic Exchanges Fall Flat as Foreign Markets Rise

April 7th, 2015

American markets were flat in trading today, as all three major exchanges lost a couple of points. The Dow fell -5.43 points, the NASDAQ was down -7.09, and the S&P 500 lost -4.29. That stood in contrast to foreign markets, which were nearly all in the black. London’s FTSE gained 130.72 points, while Hong Kong’s … READ MORE

FedEx Stock to Acquire TNT Express N.V. in $4.8B Deal

April 7th, 2015

Shares of FedEx Corp. (FDX) were trading up +7.33 or +4.40 percent to $174.00 per share in Tuesday’s premarket after the company announced in a joint release that it had agreed to acquire TNT Express N.V. for EUR4.4B or $4.8B. FedEx Corp stock closed at $166.67 per share, up +0.45 or +0.27 percent in Monday’s … READ MORE

Dow Up 117 as Oil Prices Break Through $50

April 6th, 2015

All three major markets were up in trading today. The Dow gain 117.61 to close at 17,880.85. The NASDAQ was up 30.38 to close at 4,917.32, as the tech industry soared. The S&P 500 gained 13.66 points to end the day at 2,080.62. In overseas trading, markets were mixed. The UK, France, and Hong Kong … READ MORE

uniQure (QURE) and Bristol-Myers Squibb to Collaborate on Gene Therapy for Cardiovascular Disease

April 6th, 2015

Shares of uniQure N.V. (QURE) were trading up +9.75 or +42.65 percent to $32.61 per share in Monday’s premarket after news that the company had entered into an agreement with Bristol-Myers Squibb (BMY) giving the company exclusive access to uniQure’s gene therapy platform to treat cardiovascular diseases. uniQure stock closed at $22.86 per share, down … READ MORE

Dow and S&P Up, NASDAQ Down in a Difficult Week for the Market

April 3rd, 2015

It was a difficult week for the markets, but the Dow managed to eke out a win, gaining just 35.76 points over 5 days. The Dow opened Monday at 17,727.48 and ended the day Friday at 17,763.24. The S&P 500 performed even worse, adding just 2.85 points for a Friday close of 2,066.96. The NASDAQ … READ MORE

Another 65 Point Gain for the Dow Leaves Investors Shrugging

April 3rd, 2015

The stock market continued to slowly recover today, with the Dow gaining 65.06 points to close at 17,763.24. The Dow is still hundreds of points below the 18,000 ceiling that it hit last week, and there was no sign during trading this week that it would come close to approaching it. The NASDAQ lagged both … READ MORE

Five Stocks to Watch in April

April 3rd, 2015

The U.S. stock markets ended the month of March on a negative note. The Dow Jones Industrial Average closed down -200.19 points or -1.1 percent to 17, 776.12 on the last day of March and ending the first quarter of 2015 with a loss of -46.95 points. The S&P 500 Index dropped -18.35 points or … READ MORE

Dow Bounces Back 65 Points in the Beginnings of a Sluggish Recovery

April 2nd, 2015

The markets staged a sluggish comeback today, with all three major exchanges posting gains, however small they may be. The Dow added 65.06 points to close at 17,763.24 while the NASDAQ gained 6.71 points to close at 4,886.94. The S&P 500 grew by 7.27 points to end the day’s trading at 2,066.96. In overseas trading, … READ MORE

GoDaddy (GDDY) Stock up +31 Percent After Initial Public Offering

April 2nd, 2015

Shares of GoDaddy Inc. (GDDY) closed Wednesday at $26.15, up +6.15 or +31 percent from its initial offering price of $20 per share. The company went public yesterday in its initial public offering, selling 23 million shares at the $20 offering price and raising over $460 million. GoDaddy’s valuation after the initial sale came to … READ MORE

Markets Continue to Fall as the Dow Loses 78 Points

April 1st, 2015

Markets continued to fall today, losing about half of a percent across the board. The Dow fell by -77.94 points, or 0.44%, to close at 17,698.18. The S&P 500 was down juyst -8.20 points and closed at 2,059.69. The NASDAQ was hit harder, shedding -20.66 points and closing out the day’s trading at 4,880.23. In … READ MORE

Movado Group, Inc. (MOV) Up on Strong Fourth Quarter Results

April 1st, 2015

Shares of Paramus, New Jersey, based Movado Group, Inc. (MOV) bucked the down trend of the general market and rose sharply on Tuesday. Movado’s stock rose $2.89 per share, up 11.28% to close at 28.52 on volume of 2,540,677 shares. The company reported that it’s fiscal fourth quarter net income was up significantly from the … READ MORE

Dow Falls 200 Points in Massive Selloff

March 31st, 2015

Markets fell today as investors sold off shares at a higher than normal trade volume. The Dow dropped -200.19 points to close at 17.776.12. The NASDAQ fell -46.55 points to 4,900.89, and the S&P 500 lost -18.35 points to close at 2,067.89. In overseas trading, markets were down across the world. London’s FTSE lost almost … READ MORE

Charter Communications (CHTR) to Buy Bright House Networks

March 31st, 2015

Shares of Charter Communications Inc. (CHTR) were trading up +14.61 or +7.97 percent to $198.00 per share in Tuesday’s premarket. The move came after news broke early this morning that Charter will be acquiring privately held cable company Bright House Networks LLC in a deal valued at an estimated $10 billion. Charter Communications stock closed … READ MORE

Markets Soar on Monday After a Very Slow Week

March 30th, 2015

Markets were booming in trading today, with gains posted across the board. The Dow was up 263.65 points, and closed at 17,976.31, on slightly higher than average volume. The NASDAQ grew by 56.22 points and closed at 4,947.44. The S&P 500 gained 25.22 points and ended the day’s trading at 2,086.24. In overseas trading, markets … READ MORE