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Market Commentary

Google (GOOG) and NVIDIA Start Open Automotive Alliance

January 7th, 2014

Shares of Google Inc. (GOOG) closed up +12.32 or +1.11 percent on Monday, after the company announced it was partnering with chip-maker NVIDIA Corporation (NVDA) and four major automakers to form the Open Automotive Alliance. Google stock was up an additional +5.56 or +0.50% to $1,122.88 per share in pre-market trading this morning. Mountain View,
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Consumer Electronics Show has Begun as Stocks Continue to End Down

January 6th, 2014

Stocks end down today as they continue to struggle in the new year; the S&P 500 and the Nasdaq have yet to even post a gain in 2014. JPMorgan (JPM) is expected to have to pay a penalty of $2B for their role in Benard Madoff’s Ponzi scheme. They will have to pay as early
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Men’s Wearhouse (MW) Raises Bid for Jos. A. Bank Clothiers

January 6th, 2014

Shares of The Men’s Wearhouse Inc. (MW) were trading up +2.63 in pre-market trading on Monday, after the company announced it would up its bid for Jos. A. Bank Clothiers (JOSB) to $57.50 per share from $55. Men’s Wearhouse stock closed up +0.19 or +0.38 percent to $50.59 per share on Friday, after Jos. A.
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Will the Economy Continue to Improve in 2014?

January 3rd, 2014

Weekly Wrap Up This week we saw an end to 2013 and the beginning of 2014. On Thursday, the first day of trading, the stocks ended down and experienced its worst opening day since 2008. While 2014 didn’t start off great, 2013 was announced as the best year for the stock market since 1997. Many
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Car Sales Up in 2013 as Stocks End Mixed

January 3rd, 2014

On the second day of trading for 2014 the stocks end the day mixed. Despite General Motors (GM) reporting that their December sells fell 6.3%, they closed 2013 with sales up 7.3%. Ford (F) had its best year since 2006 with its sales rising 2% in December. Chrysler also also had a good month with
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FireEye (FEYE) Rockets on Mandiant Acquisition

January 3rd, 2014

Shares of the FireEye Inc. (FEYE) were trading at $51 per share, up +9.87 or + 24 percent in pre-market trading on Friday, after the company announced late Thursday it would be taking over rival Mandiant Corp. FireEye stock closed down -2.48 or -5.69 percent to $41.13 per share in Thursday’s regular trading session. The
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Worst Opening Day Since 2008; Snapchat Experiences Security Breach

January 2nd, 2014

The stocks end down on the first day of trading in 2014, experiencing its worst opening trading day of the year since 2008. Ford (F) is creating a car that will be able to run on solar energy. Ford will unveil the concept version of the C-Max Solar Energi at the Consumer Electronics Show in
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Five Stocks to Watch in 2014

January 2nd, 2014

2013 saw the market make over 50 new all-time highs. Can the bull keep running in 2014? This year’s “Five Stocks to Watch” include Twitter, which had their initial public offering in November and proceeded to climb +180 percent before selling off sharply last week. Also on the list is JP Morgan Chase, which paid
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Best Year for the Stock Market Since 1997

December 31st, 2013

As the year comes to an end the stock market wrapped up with its best year since 1997. This year may signal that the recession after the 2008 financial crisis is finally coming to a close as the economy continues to grow and expand. Consumer confidence also continued to grow in the latter part of
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Boeing (BA) Warns on 777X Wing Manufacture

December 31st, 2013

Shares of the Boeing Company (BA) closed down -0.98 or -0.72 percent on Monday to $135.92 per share, after news that the company may not build its new 777X in Washington State. Boeing has been embroiled in talks with Washington’s largest machinist union, which rejected Boeing’s latest contract in November. The International Association of Machinists
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Dow Jones Achieves 51st Record of 2013; ACA Hits Midsize Businesses Hard

December 30th, 2013

The Dow Jones hits its 51st record close of the year while the S&P 500 and Nasdaq end the day down. As the new health care plans are set to roll out in 2014, many state that midsize business are going to be hit the hardest by the Affordable Care Act. Midsize businesses are forced
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Blackstone (BX) to Acquire 13 Percent Stake in Crocs

December 30th, 2013

Shares of The Blackstone Group L.P. (BX) closed up +0.13 or +0.42 percent on Friday to $31.35 per share. The company announced over the weekend that it would be purchasing a $200 million stake in Crocs, Inc. (CROX). Crocs stock closed at $13.33 per share, up +0.03 or +0.23 percent on Friday. The deal for
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Target Confirms PIN Data was Compromised; Unemployment Benefits to End

December 27th, 2013

Is the Santa Claus rally already over as stocks end down today? After denying that PIN data was stolen during the massive security breach, Target (TGT) confirmed today encrypted PIN data was actually stolen. Even though Target acknowledges that the PIN data was stolen, they still believe that the PIN numbers are still secure. Tomorrow
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Judge Ruled NSA’s Actions are Legal; U.S. Jobless Aid Ends Today

December 27th, 2013

Weekly Wrap Up The stocks end down after Dow Jones achieved another record high on Thursday. It is now likely that the case involving the NSA and its collection of millions of Americans’ Internet and telephone records will be seen by the U.S. Supreme Court after a federal judge ruled that the NSA collection efforts
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Textron (TXT) to Acquire Beechcraft for $1.4 Billion

December 27th, 2013

Shares of Textron Inc. (TXT) closed up +0.20 or +0.56 percent on Thursday to $36.20 per share ahead of the company reporting it would acquire Beech Holdings LLC, parent company of Beechcraft Corporation for $1.4 in an all-cash deal. The stock traded up to $37.00 in afterhours trading after the takeover was announced. The agreement
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Santa Claus Rally in Full Swing as Stocks End Up

December 26th, 2013

The Santa Claus rally was in full swing today after the three main indices ended the trading day in the green. As Twitter’s (TWTR) stock continues to rise, many are predicting that they will experience a huge crash in 2014. Many customers are upset with Amazon (AMZN) after their Christmas packages didn’t arrive in time,
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Twitter (TWTR) Stock Up 8.4%, Analysts Caution

December 26th, 2013

Shares of Twitter Inc. (TWTR) closed up +5.42 or +8.4 percent on Tuesday to $69.96 per share after making a new all-time high of $70.87 in a shortened pre-holiday trading session. The stock is up +169 percent from its initial public offering price of $26 per share made on November 7th, and +56 percent from
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Record Closes for S&P 500 & Dow; Apple Finalizes Deal with China Mobile

December 23rd, 2013

Stocks continued to soar up to record closes by the end of trading today. The Dow Jones and S&P 500 achieved new record closes as the Nasdaq closed at its highest point in 13 years. Jos. A. Bank (JOSB) refused a $1.54 billion acquisition offer by Men’s Warehouse (MW). Jos. A. Bank cited that the
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Apple (AAPL) Stock Soars on China Mobile Deal

December 23rd, 2013

Shares of Apple Inc . (AAPL) were trading up +20.65 or +3.68 percent to $569.21 per share in pre-market trading Monday morning, after the company announced it had entered into a multi-year agreement with China Mobile to bring the Apple iPhone to the Chinese wireless carrier. The deal, which was announced Sunday, opens the Chinese
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U.S. Economy Grew 4.1% in 3Q; BlackBerry Reports a $4.4 Billion Loss

December 20th, 2013

Stocks jumped up today after reports were released that showed that the U.S. economy grew approximately 4.1% in the third quarter. This growth rate was well above what the Commerce Department predicted which was 3.6%. It was also reported that the Dow Jones experienced its best week since January. Just the day after Target (TGT)
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