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Market Commentary

GameStop (GME) Stock Soars on Second Quarter Results

August 22nd, 2014

Shares of GameStop Corporation (GME) were up +2.76 or +6.82 percent to $43.25 per share in Friday’s premarket, after the company released second quarter earnings which beat analyst expectations after the close on Thursday. GameStop stock closed at $40.49, down -0.84 or -2.03 percent in Thursday’s regular trading session. Grapevine, Texas based GameStop Corporation is
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The Demise of Sears Continues; S&P 500 Closes Above 1,992

August 21st, 2014

The S&P 500 rallied today to close above 1,992 for its 28th record high of the year. The Dow Jones also finished the day above 17,000 for the first time in a month. The better-than-expected economic data drove the stocks higher as the number of Americans filing jobless claims for the first time fell by
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Dollar Tree (DLTR) Reports 2Q Earnings, Family Dollar Rejects Dollar General Bid

August 21st, 2014

Shares of Dollar Tree Inc. (DLTR) were trading down -0.90 or -1.64 percent to $54.10 per share in premarket trading this morning, after having been up as much as five percent before the company released its second quarter earnings. The company reported lower than expected earnings and revenue, but sales increased in the quarter. Dollar
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When Will the Fed Raise Short-Term Interest Rates?

August 20th, 2014

The S&P 500 closed just short of a record, despite ending the day in the green. Investors are seeking answers to when the Federal Reserve expects to raise short-term interest rates. Last month the majority of the Fed policymakers said they were not expecting to raise interest rates until early 2015, but if the economy
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Salix Pharmaceuticals (SLXP) Soars on Acquisition Offer

August 20th, 2014

Shares of Raleigh, North Carolina, based Salix Pharmaceuticals Ltd. (SLXP) rose sharply on Tuesday, after a report that Allergan Inc. (AGN) approached it as an acquisition target. Salix stock was up 15.54%, rising $21.63 per share to close at $160.80, on volume of 6,764,888 shares. The stock closed at its highest level since 2000 on
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Apple’s Stock Hits All-Time High; Aeropostale’s Shares Up 20% on CEO Announcement

August 19th, 2014

Stocks continued to rally for the second straight day as the S&P 500 nears yet another record. The demand for the iPhone 6 sent Apple’s (AAPL) stocks soaring today. Apple’s stocks closed at just over $100 a share, the highest price in the tech company’s history. Steve Ballmer, the former CEO of Microsoft (MSFT), stepped
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BHP Billiton (BBL) Shares Pressured by Demerger

August 19th, 2014

Shares of BHP Billiton Plc (BBL) were off -3.59 or -5.16 percent to $65.93 per share in premarket trading this morning, while BHP Billiton Ltd (BHP) shares were off -2.58 or -3.55 percent to $70.18 per share in the premarket. The two stocks of the metals giant sold off after news that the company would
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Nasdaq Jumps to a 14-Year High; Tasers Stocks Soar 25%

August 18th, 2014

U.S. stocks rallied to end the day sharply higher. The Dow closed the day up 175 points and Nasdaq closed the day at a 14-year high. Shares of Taser International (TASR) soared 25% today as the protests in Ferguson, Missouri continue. Taser International is best known for its taser guns but also for wearable video
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Dollar General (DG) Bids $9.7B for Family Dollar

August 18th, 2014

Shares of Dollar General Corporation (DG) were up +6.36 or +11.07 percent to $63.82 per share in premarket trading on Monday, after the company announced early this morning it would pay $78.50 per share for Family Dollar Stores Inc. (FDO). Family Dollar received a bid of $74.50 per share from Dollar Tree (DLTR) last month.
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Manufacturing Output Up 10.1%; Dow Has Best Weekly Gain

August 15th, 2014

Weekly Wrap Up Geopolitical factors played a major role this week, but there were indicators that investors were getting used to the uncertainty coming from the Russian-Ukrainian border. Despite Friday’s losses, major stock indexes were on track for the second straight week of gains with the Dow hitting its best weekly gain in five weeks.
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Stocks Rebound after Initial Fall; Security Breach at SuperValu

August 15th, 2014

US stocks dropped as the news about a clash between Ukranian and Russian forces started coming in on Friday. With markets actively seeking out safer investments, the 10-year Treasury notes yield was down more than 5 basis points. However, major indexes ended up posting weekly gains partially boosted by a rise in industrial production. Albertson’s
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Monster Beverage (MNST) to Sell 16.7 Percent Stake to Coca-Cola (KO)

August 15th, 2014

Shares of Monster Beverage Corporation (MNST) were trading up +15.35 or +21.42 percent to $87.00 per share in this morning’s premarket, after news that Coca-Cola (KO) was entering into a strategic partnership with the company by purchasing a 16.7 percent stake in Monster. Monster Beverage stock closed at $71.65, up +0.50 or +0.70 percent in
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Berkshire Hits $200K per Share; Coke to Acquire 17% of Monster Beverage

August 14th, 2014

US Commerce Department reported that July retail sales, excluding auto sales, were up only 0.1% from the previous month. Weekly jobless claims rose more than expected last week, but remained near pre-recession marks. One of the biggest stories of the day was a $200,000 share price that Berkshire Hathaway’s (BRK) Class A stock hit for the
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SeaWorld (SEAS) Stock Pummeled After Earnings Miss

August 14th, 2014

Shares of SeaWorld Entertainment Inc. (SEAS) were off -0.11 or -0.58 percent to $18.79 per share in this morning’s premarket, after the company announced lower than expected earnings for its second quarter of 2014 yesterday. The stock fell sharply after the announcement losing almost a third of its value. Seaworld Entertainment stock closed down -9.25
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Will Stocks Fall at End of Q3 When The Fed Stops Purchasing Bonds?

August 13th, 2014

Stocks end the day with solid gains as the Dow added 91 points to finish the day back in positive territory for 2014. Wall Street is afraid of history repeating itself. The stock market has fallen both times the Fed got out of the bone-buying business in the past and market gains have steadily slowed
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DealerTrack Technologies (TRAK) Up After Exceeding Expectations

August 13th, 2014

Shares of Lake Success, New York, based DealerTrack Technologies Inc. (TRAK) rose on Tuesday on a day when the markets were down marginally across the board. DealerTrack’s stock was up 18.73%, rising $7.32 per share, to close at $46.40. Trading volume was 2,616,637, versus average trading volume of 517,176 shares. The Company reported second quarter
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Job Openings At Highest Level Since 2001; Yellen Avoiding Economic Downturn

August 12th, 2014

U.S. stocks ended the day slightly lower despite the good jobs report. Job openings increased for the fifth straight month in June, reaching their highest level since early 2001. The creator of Candy Crush, King Digital (KING) shares were down 20% in afterhours trading after missing their revenue projections. Shares are down $4.20 to $14
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Intercept (ICPT) Stock Rockets on Earnings, Positive Drug Results

August 12th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +137.82 or +58.11 percent to $375.00 per share in pre-market trading on Tuesday, after the company announced better than expected earnings late yesterday. The company also disclosed its obeticholic acid had less severe side effects and was more effective in treating liver disease than what was previously
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Chiquita Up 31% on Takeover Bid; Dow Remains in Negative Territory for 2014

August 11th, 2014

Despite all three U.S. indices ending the day in the green, the Dow slid back into negative territory for 2014. While job growth has been continuing to improve in the United States since the recession, it comes at a cost. Workers are earning around 23% less than earnings from the jobs which were lost. Chiquita’s
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Kinder Morgan (KMI) to Consolidate in $71B Deal

August 11th, 2014

Shares of Kinder Morgan Inc. (KMI) were trading up +5.46 or +15.12 percent to $41.58 per share in Monday’s premarket, after the company announced on Sunday it would consolidate the three master limited partnerships under its control, the “Kinder Morgan family of companies” into one entity. Kinder Morgan Inc. stock closed at $36.12, up +0.75
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