Search

Market Commentary

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
Read the full article…

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
Read the full article…

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
Read the full article…

38% of Investors Feeling Bearish; Stocks End Roller Coaster Week Up

August 8th, 2014

Weekly Wrap Up Stocks have had a roller coaster of a week, dealing with the after effects of all of the geopolitical issues. On Thursday, the Dow even ended the day at its lowest point in nearly 3 months. Bearish sentiments continue to rise on Wall Street as 38% of investors are feeling bearish this
Read the full article…

U.S. Worker’s Productivity Increased 2.5% in Q2; Tekmira’s Shares Up 45%

August 8th, 2014

Stocks recovered today, with the Dow jumping up around 185 points and the S&P 500 ending above 1900. Many investors thought the U.S. market would follow Japan as the Nikkei index dropped 3% today. Shares of Ebola drugmaker, Tekmira Pharmaceuticals (TKMR) soared 45% today after the FDA allowed potential use of the pharmaceutical company’s experimental
Read the full article…

Pfizer (PFE) Faces Wave of Lawsuits Over Lipitor

August 8th, 2014

Shares of Pfizer Inc. (PFE) were trading down -0.15 or -0.53 percent to $27.89 per share in Friday’s premarket, after news that lawsuits against the company had surged by women in the United States getting type-2 diabetes after taking Lipitor. Pfizer stock closed at $28.04, down -0.24 or -0.85 percent in Thursday’s regular trading session.
Read the full article…

Dow Ends At Lowest Level Since May; MCD’s Shares Near 52-Week Low

August 7th, 2014

Stocks fell once again today with the Dow Jones ending at its lowest level since May 20th. Stocks continue to get dragged down as investors worry about rising global tension despite reports of an improving U.S. economy. Many Americans are still feeling the aftermath of the recession that lasted from December 2007 until June 2009. Nearly
Read the full article…

Jack in the Box (JACK) Stock Soars on 3Q Earnings

August 7th, 2014

Shares of Jack in the Box Inc. (JACK) were up +6.21 or +11.20 percent to $61.66 per share in premarket trading on Thursday, after the company released better than expected third quarter earnings late yesterday. Jack in the Box stock closed at $55.45, down -2.11 or -3.67 percent in Wednesday’s regular trading session. San Diego,
Read the full article…

Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.

August 6th, 2014

Stocks ended the day higher, seemingly shaking of the recent global turmoil. Sprint (S) announced today that they are withdrawing their bid to acquire T-Mobile (TMUS). This announcement comes on the same day that the wireless company named their new CEO, Marcelo Claure. Walgreens (WAG) has decided to keep its headquarters in the United States.
Read the full article…

United States Cellular (USM) Up on Analyst Upgrade Despite Lower Earnings

August 6th, 2014

Shares of Chicago, Illinois based United States Cellular Corporation (USM) rose strongly on Tuesday, against the backdrop of a sharply lower performance by Wall Street overall. US Cellular’s stock was up 16.33%, rising $5.49 per share to close at 39.10, on volume of 630,626 shares. Despite lower second quarter net earnings, revenues exceeded analysts expectations,
Read the full article…

Apple To Unveil New iPhones on Sept. 9; U.S. Factory Orders Up 1.1%

August 5th, 2014

U.S. stocks recovery was short-lived as the Dow Jones ended the day down nearly 150 points. Apple (AAPL) announced today that they are set to unveil their next-generation iPhones on September 9th. The tech company is expected to release two sizes of the iPhone 6, a version with a 4.7 inch screen and a larger
Read the full article…

GM (GM) Served With Subpoena by DOJ for Subprime Auto Loans

August 5th, 2014

Shares of The General Motors Company (GM) closed up +0.17 or +0.51 percent to $33.61 on light volume in Monday’s regular trading session. The company announced late yesterday that it had been issued a subpoena by the U.S. Justice Department in relation to an investigation currently being conducted over possible civil violations on subprime auto
Read the full article…

U.S. Stocks Recover From Worst Week in 2 Years; MSFT

August 4th, 2014

Stocks recover, just slightly, from their losses last week. Last week was even reported as the worst week for U.S. stocks in over two years. Now, many investors are wondering if the recent sell-offs will continue thus signaling the bear market. Microsoft (MSFT) filed a lawsuit against Samsung stating that the tech company owes Microsoft
Read the full article…

Bally Technologies (BYI) to be Acquired by Scientific Games Corporation in $5.1B Deal

August 4th, 2014

Shares of Bally Technologies Inc. (BYI) were up +3.30 or +4.25 percent to $81.00 per share in pre-market trading on Monday, after the company announced Friday it had agreed to be acquired by Scientific Games Corporation (SGMS) for $83.30 per share in cash. Bally Technologies stock closed at $77.70, up +17.53 or +29.13 percent in
Read the full article…

Fed Continues to Trim Stimulus; Argentina’s Debt Default Impacts Stocks

August 1st, 2014

Weekly Wrap Up Argentina’s debt default drove the stocks down during the latter part of this past week. The debt crisis drove the Dow Jones down over 300 points on Thursday alone. The Fed also announced this week that they will continue to trim the stimulus by an additional $10 billion. The Federal Reserves cited
Read the full article…

P&G to Shed 90 Brands; 209,000 Jobs Added in July

August 1st, 2014

Stocks close the day even lower today as the aftermath of Argentina’s debt crisis continues. Procter & Gamble (PG) announced today that they plan to sell or eliminate 90 to 100 minor brands to focus on its remaining 70 to 80 best-selling brands. The labor market continues to improve as 209,000 jobs were added last
Read the full article…

Five Stocks to Watch in August

August 1st, 2014

The U.S. stock market ended July on a bearish note, with the Dow Jones Industrial Average wiping out all of its 2014 gains on Thursday. The Dow Jones average fell -317.06 points or -1.88 percent, closing at 16,563.30, just under its level at the beginning of the year. The tech-heavy NASDAQ composite index dropped -93.13
Read the full article…

Argentina’s Debt Default Drives Stocks Lower; Dow Falls 316 Points

July 31st, 2014

Stocks end the day much lower with the Dow falling over 300 points, in part due to the debt crisis in Argentina. This is Argentina’s second default in 13 years and many U.S. investors are wondering what this means for global markets. RadioShack’s (RSH) days are numbered as it has only $62 million in cash
Read the full article…

Bank of America (BAC) Increases Settlement Offer, Gets Slapped with $1.27B Fine

July 31st, 2014

Shares of Bank of America Corporation (BAC) were down -0.27 or -1.77 to $15.31 in regular trading on Thursday, after news yesterday that the bank was raising their offer to settle with the Justice Department for $1 billion more than it had previously proposed. Also, a federal judge imposed a $1.27 billion civil penalty for the
Read the full article…

Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

July 30th, 2014

Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted
Read the full article…