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Stock of the Day

Chipotle (CMG) Stock Rockets After Reporting Second Quarter Earnings

July 22nd, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were up +56.98, or +9.62 percent to $649.40 per share in afterhours trading on Monday afternoon, after the company reported a +28.7 percent increase in revenue, beating analyst estimates by 6 percent. Chipotle stock closed at $589.93 per share, down -2.49 or -0.42 percent in Monday’s regular trading
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Reynolds American (RAI) to Challenge $23.6B Punitive Damages Award

July 21st, 2014

Shares of Reynolds American Inc. (RAI) were down -1.80 or -3.07 percent to $56.85 per share in pre-market trading early Monday, after news late Friday that a Florida jury had decided to impose punitive damages of $23.6 billion on R.J. Reynolds Tobacco — a division of Reynolds American — to settle a lawsuit brought by
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Ericsson (ERIC) Rallies on Better than Expected Sales, Operating Profit

July 18th, 2014

Shares of Ericsson (ERIC) were trading up +0.92 or +7.87 percent to $12.61 per share in Friday’s pre-market, after the company released its second quarter 2014 earnings. The company beat analyst expectations, reporting a 76 percent rise in second quarter profits. Ericsson stock closed at $11.69, up +0.08 or +0.68 percent in Thursday’s regular trading
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SanDisk (SNDK) Stock Tumbles on Lower Revenue Forecast

July 17th, 2014

Shares of the SanDisk Corporation (SNDK) dropped -10.13 or -9.39 percent to $97.70 in pre-market trading this morning, after the company announced disappointing earnings despite beating analyst expectations by a small margin. Investors have seen the company significantly beat analyst expectations in the last eight quarters. SanDisk stock closed at $107.83, up +2.27 or +2.15
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Rockwood Holdings (ROC) Up on Purchase By Albemarle

July 16th, 2014

Shares of Princeton, New Jersey, based Rockwood Holdings, Inc. (ROC) rose on Tuesday, on a mixed day on Wall Street. Rockwood Holdings stock was up 9.83%, rising $7.44 per share to close at $83.14 on volume of 23,112,334 shares. Specialty chemical conglomerate, Albemarle Corp. (ALB), announced that it will buy Rockwood Holdings in a deal
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Codexis (CDXS) Stock Surges on GlaxoSmithKline Licensing Deal

July 15th, 2014

Shares of Codexis Inc. (CDXS) were up +1.34 or +95.04 percent to $2.75 per share in pre-market trading early this morning, after the company announced late yesterday a platform technology agreement with GlaxoSmithKline (GSK). Codexis Inc. stock closed at $1.41, down -0.04 or -2.76 percent in Monday’s regular trading session. Redwood City, California based Codexis
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URS Corporation (URS) to be Acquired by AECOM Technology

July 14th, 2014

Shares of the URS Corporation (URS) were up +3.08 or +5.92 to $55.10 per share in pre-market trading Monday morning, after AECOM Technology (ACM) announced on Sunday it would be taking over URS in a deal worth $6 billion. URS Corporation stock closed at $52.02 per share, up +1.09 or +2.14 percent in Friday’s regular
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Lorillard (LO) Near Merger with Reynolds American to Sell Assets to Imperial Tobacco

July 11th, 2014

Shares of the Lorillard Tobacco Company (LO) were up +3.41 or +5.40 percent to $66.50 per share in pre-market trading this morning. The stock is up after news early today that revealed Imperial Tobacco had confirmed it was in talks with Lorillard and Reynolds American (RAI) in relation to the acquisition of some of the
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Boeing (BA) Forecasts $5.2 Trillion Market for Commercial Jets

July 10th, 2014

Shares of the Boeing Company (BA) were trading down -0.60 or -0.47 percent in pre-market trading this morning, after the company issued a press release forecasting a +4.2 percent increase in worldwide demand for passenger aircraft in the company’s 20-year Current Market Outlook. Boeing stock closed up +0.37 or +0.29 percent to $127.16 per share
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Calpine (CPN) Up on Bond Sale to Lower Interest Costs, Reduce Restrictions

July 9th, 2014

Shares of Houston, Texas, based Calpine Corp. (CPN) rose on Tuesday as stocks suffered a broad loss overall. Calpine Corp.’s stock was up 4.25%, rising $.97, to close at $23.81, on volume of 7,332,358 shares. The company announced the pending sale of $2.8 billion of unsecured bonds that will lower its interest costs, while removing
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Macquarie Infrastructure (MIC) to Acquire Remainder of International-Matex for $1.025B

July 8th, 2014

Shares of Macquarie Infrastructure Company LLC (MIC) were up +3.28 or +5.36 percent to $64.45 per share in pre-market trading early this morning, after the company announced late yesterday two public offerings in order to pay for the remaining interest it does not already own in International-Matex Tank Terminals or IMTT. Macquarie Infrastructure stock closed
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Archer Daniels Midland (ADM) to Buy WILD Flavors for $3.0B

July 7th, 2014

Shares of Archer Daniels Midland Company (ADM) closed up +0.45 or +0.99 percent to $45.77 per share on Thursday, after the company was rumored to be in talks to acquire Swiss based WILD Flavors. This morning, the company formally announced the acquisition of WILD Flavors in a deal valued at over $3.0 billion. Founded in
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Amazon (AMZN) to Fight FTC on In App Purchases

July 3rd, 2014

Shares of Amazon.com Inc. (AMZN) were trading up +1.04 or +0.31 percent to $333.89 per share in pre-market trading this morning. The company announced yesterday that it would prefer to challenge the Federal Trade Commission or FTC in court, rather than give in to demands by the regulating agency to tighten its policies on children
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Arista Networks (ANET) Up on Favorable Analyst Reports following Quiet Period

July 2nd, 2014

Shares of Santa Clara, California, based Arista Networks Inc. (ANET) rose on Tuesday, in an up day on Wall Street overall. Arista’s stock was up 21.81%, rising $13.61 per share, to close at $76.00 on volume of 1,660,225 shares. The stock emerged from its mandatory “quiet period”

Five Stocks to Watch in July

July 1st, 2014

The U.S. stock market continued its relentless climb in June, making it another record breaking month. The Dow Jones Industrial Average hit an all-time high of 16, 978.02 on June 24th, while the S&P 500 made new all time highs 16 times in the second quarter and set a new record closing at 1,962.87 on
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MannKind Corp. (MNKD) Approved for Inhaled Insulin Treatment

June 30th, 2014

Shares of MannKind Corporation (MNKD) were trading up +1.90 or +19.00 percent to $11.90 per share in pre-market trading Monday morning. Mannkind announced over the weekend that the company had finally gained approval for its inhaled insulin drug AFREZZA from the U.S. Food and Drug Administration or FDA. Mannkind shares closed at $10.00 per share,
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GoPro (GPRO) Stock Surges after Initial Public Offering

June 27th, 2014

Shares of GoPro Inc. (GPRO) were trading up +0.76 or +2.43 percent to $32.10 per share in pre-market trading Friday morning, after the companyí

Iron Mountain (IRM) Soars After Board Approves Conversion to REIT

June 26th, 2014

Shares of Iron Mountain Inc. (IRM) were trading up +6.94 or +23.31 percent to $36.71 per share in pre-market trading Thursday morning, after the company announced yesterday that its board had unanimously approved the companyâ s conversion into a real estate investment trust or REIT. The conversion is for the companyâ s fiscal 2014 year,
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Vertex Pharmaceuticals Inc. (VRTX) Up on Positive Drug Trials

June 25th, 2014

Shares of Cambridge, Massachusetts-based Vertex Pharmaceuticals (VRTX) were up sharply on Tuesday, amid a broadly lower market on Wall Street. Vertex’s stock was up 40.41%, rising $26.92 to close at $93.53 per share, on volume of 25,236,837 shares. The company announced positive results for a drug it has formulated in treating cystic fibrosis. The successful
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Dean Foods (DF) Subpoenaed in Insider Trading Case

June 24th, 2014

Shares of the Dean Foods (DF) were off -0.52 or -2.96 percent to $17.03 per share in after hours trading yesterday afternoon , after news that the company was recently served with a subpoena from Preet Bharara, the United States Attorney for Manhattan. The subpoena was for documents related to alleged insider trading by sports
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