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Market Commentary

Intercept Pharmaceuticals (ICPT) Stock Quadruples

January 10th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were trading up +88.13 or +31.58 percent to $363.00 per share in pre-market trading on Friday. The stock closed up +203.48 or +281.09 percent to $275.87 per share in Thursday’s regular trading session, after news that trials for the company’s new drug for non-alcoholic steatohepatitis (NASH) had been stopped
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Americans Confused as Tax Season Approaches; Ford Increases Dividend

January 9th, 2014

Stocks continue to struggle in the new year as the Dow Jones and Nasdaq end the day down. Certain advocates believe that U.S. taxpayers should get a “bill of rights” from the IRS explaining what the IRS can and cannot demand from them. Many Americans are confused every tax season and this was seen last
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Macy’s (M) to Cut 2,500 Jobs, Improves 2014 Forecast

January 9th, 2014

Shares of Macy’s Inc. (M) were trading up +3.65 or +7.04 percent to $55.49 per share in pre-market trading on Thursday, after the company announced it would reduce its workforce, close several stores and increase integration of in-store and online sales. Macy’s stock closed at $51.84 per share, down -0.34 or -0.65 percent in Wednesday’s
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The Fed Releases December Minutes; 238,000 Private Sector Jobs Added in December

January 8th, 2014

The stocks end mixed today as the Dow Jones finished with a 71 point dip. Macy’s (M) announced that as part of restructuring their business in 2014 they will be laying off approximately 2,500 workers. It was revealed that private firms added around 238,000 jobs in December, further improving the economy. The Federal Reserve released
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UnitedHealth Group (UNH) up on Deutsche Bank Upgrade

January 8th, 2014

Shares of UnitedHealth Group (UNH) were up $2.27 per share, a gain of 3.06%, to $76.51 on Tuesday, on news that the stock has been upgraded from “Hold” to “Buy” by Deutsche Bank (DB). Healthcare stocks were prominent in Tuesday’s 105 point rally on the Dow Jones Industrial Average. Analysts at Deutsche Bank have indicated that
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Janet Yellen Confirmed as Next Chairman of the Fed as Stocks End Up

January 7th, 2014

The three main indices end up for the first time of the year. It was confirmed today that Janet Yellen will be the next Chairman of the Federal Reserve. Her term begins on February 1st and she will be the first woman to ever head the central bank. The U.S. Senate is close to extending
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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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