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Market Commentary

Only 142,000 Jobs Added in August; Unemployment Falls to 6.1%

September 5th, 2014

The U.S. stock indexes recovered from yesterday’s loss and then some, with the S&P 500 ending the day with yet another record close. The August jobs report was released today, and it missed the mark. Only 142,000 jobs were added last month, significantly missing expectations for 230,000. On the bright side, the unemployment rate fell
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Tesla Motors (TSLA) to Build Gigafactory in Nevada

September 5th, 2014

Shares of Tesla Motors Inc. (TSLA) were trading down -2.04 or -0.71 percent to $284.00 per share in premarket trading this morning, after news late yesterday that the company had confirmed the state of Nevada to build its new Tesla Gigafactory. Tesla stock closed at $286.04 per share, up +4.85 or +1.72 percent in Thursday’s
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U.S. Wealth Gap Widened from 2010-2013; Apple’s Stocks Fall Further

September 4th, 2014

All three main U.S. indexes end the day slightly down. The Fed announced today that the wealth gap in the U.S. widened from 2010-2013. Inflation-adjusted income also fell during that time period for all but the richest U.S. households, with the median income levels falling 5%. After hitting a record high a couple of weeks
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Johnson & Johnson (JNJ) to Accelerate Development of Ebola Vaccine

September 4th, 2014

Shares of Johnson & Johnson (JNJ) were up +0.03 or +0.03 percent to $103.79 per share in premarket trading early Thursday, after news that the company will fast track the development of a new combination vaccine regimen against the Ebola virus. Johnson & Johnson stock closed at $103.76 in Wednesday’s regular trading session. New Brunswick,
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Fed Releases Latest Beige Book; Telsa is Building Battery Factory in Nevada

September 3rd, 2014

Stocks end the day once again mixed. Tesla (TSLA) is planning on building its new $4 billion battery Gigafactory in Nevada. This factory will employ nearly 6,500 near Reno. The Federal Reserve released the latest version of its beige book today and stated that economy expanded at a modest to moderate pace over the past
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Conn’s (CONN) Plummets on Lower Income Forecast, Declining Credit Portfolio Quality

September 3rd, 2014

Shares of The Woodlands, Texas, based Conn’s, Inc. (CONN), fell sharply on Tuesday against a mixed market in stocks overall. Conn’s stock was down $13.83 per share, falling 30.85%, to close at $31.00, on volume of 13,842,541 shares. The company reported that second quarter adjusted per share earnings have come in well below Wall Street
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Home Depot May Have Been Hacked; Will the S&P 500 Reach 3000?

September 2nd, 2014

Stocks end mixed on the first trading day of September. It seems like Home Depot (HD) is the newest company to fall victims to a security breach. A massive number of credit and debit card information went on sale today on an underground site, and they may be from Home Depot. The people who are
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Five Stocks to Watch in September

September 2nd, 2014

The U.S. stock market ended August with a bang as the S&P 500 index made its fourth record high in five days Friday and ended August +3.8 percent higher, its best monthly gain since February. The S&P ended the month at 2,003.37, up +6.63 or +0.33 percent on Friday, just shy of its all time
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August Named the Best Month for Stocks Since February

August 29th, 2014

Weekly Wrap Up The S&P 500 finally ended the day above 2000 for the first time in history. Throughout the week it continued to push further into record territory. August is the best months for U.S. stocks since February, partially due to the S&P 500 and the Dow Jones posting gains for 4 straight weeks.
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Will September’s Volatile Reputation Live On?

August 29th, 2014

The S&P 500 pushes further into record territory to end the month. The Dow Jones and S&P 500 have posted gains for 4 weeks in a row, but the real test will come in September. Stocks are likely to turn more volatile next month since September has typically been the worst-performing month for the Dow
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Splunk (SPLK) Shares Up on Better than Expected Earnings

August 29th, 2014

Shares of Splunk Inc. (SPLK) were trading up +3.70 or +8.19 percent to $49.00 per share in premarket trading on Friday, after the company announced better than expected earnings yesterday after the market close. Spunk stock closed at $45.29 per share, down -0.61 or -1.33 percent in Thursday’s regular trading session. San Francisco, California based
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Apple Finalizes Sept. 9th Event; JPMorgan Victim of Very Sophisticated Cyberattack

August 28th, 2014

Stocks retreated from record highs today as conflict continues to escalate in Ukraine. Apple (AAPL) confirmed that they will be holding an event and making a huge announcement on September 9th. It is anticipated that the tech giant will be unveiling its two versions of the iPhone 6, a version with a 4.7 inch screen
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Tekmira Pharmaceuticals (TKMR) Stock Up on Rumored Takeover

August 28th, 2014

Shares of Tekmira Pharmaceuticals Corp. (TKMR) were up +1.97 or +9.97 percent to $21.72 per share in Thursday’s premarket. The company was featured in an article in the UK’s Daily Mail as a potential takeover target following last week’s news of Intermune’s (ITMN) takeover by Swiss pharmaceutical giant Roche. Tekmira stock closed at $19.75 per
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LendingClub Files for IPO; SnapChat Valued at More Than $10B

August 27th, 2014

U.S. stocks end the day mixed as the S&P 500 pushes further into record territory. It seems like SnapChat CEO, Evan Spiegel, made a good decision when he turned down Facebook’s (FB) offer to purchase the company for $3 billion, as SnapChat is now valued at more than $10 billion. The company recently fetched a
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DSW (DSW) Up on Better Than Expected Revenues and Earnings

August 27th, 2014

Shares of Columbus, Ohio, based DSW Inc. (DSW) rose on Tuesday, on a slightly higher day on Wall Street. DSW stock was up $2.62 per share, rising 9.24%, to close at $30.99 on volume of 8,503,841 shares. The company reported higher than expected sales and net income for its fiscal second quarter, as well as
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S&P 500 Closes Above 2000; Mobileye is the Hottest IPO of the Summer

August 26th, 2014

The S&P 500 set history today, finishing the day above 2,000 for the first time ever. The Dow Jones and Nasdaq also finished the day in the green. Mobileye (MBLY) seems to be one of the hottest IPOs of the summer, with its shares trading nearly 60% above its IPO price. Mobileye designs technology that
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Digital Ally (DGLY) Stock Up Big on Ferguson Unrest

August 26th, 2014

Shares of Digital Ally Inc. (DGLY) were up +$1.25 or +10.0 percent to $13.75 per share in premarket trading this morning, after having traded as high as $14.50 or up +80 percent yesterday. The increase in the stock is in large part due to civil unrest in Ferguson, Missouri that boosted demand for their products.
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Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000

August 25th, 2014

The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King’s (BKW) shares were up as high as 23% during the trading today on talks of merging
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InterMune (ITMN) to be Acquired by Roche for $8.3 Billion

August 25th, 2014

Shares of InterMune Inc. (ITMN) were up +19.00 or +35.32 percent to $72.80 per share in Monday’s premarket, after news broke on Sunday that Swiss pharmaceutical giant, Roche had entered into a definitive agreement to purchase InterMune for $74.00 per share. InterMune stock closed at $53.80 per share, up +0.59 or +1.11 percent in Friday’s
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S&P 500 Closes With Its 28th Record High of the Year; Labor Market Not Fully Recovered

August 22nd, 2014

Weekly Wrap Up U.S. stocks posted slight gains this week, with the S&P 500 closing at its 28th record high of the year on Thursday. Janet Yellen spoke at the Fed’s annual symposium on Friday and said that while the labor market continues to improve, it has yet to fully recover years after the end
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