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Stock of the Day

Pfizer (PFE) in Talks to Acquire AstraZeneca

April 21st, 2014

Shares of Pfizer Inc. (PFE) closed up +0.16 or +0.53 percent to $30.25 per share on Friday. According to the UK Sunday Times, Pfizer had talks for a 60 billion pound offer ($100.7 billion) for its British rival AstraZeneca Plc. (AZN). According to the newspaper, their information came from industry sources and senior investment bankers
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Chipotle Mexican Grill (CMG) Stock Pummeled After Earnings Miss

April 18th, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) closed down -32.79 or -5.94 percent to $519.61 per share in active trading on Thursday, after the company announced first quarter earnings that came in below analyst expectations. The stock initially traded sharply higher after the earnings release, rising as much as +8.6 percent in pre-market trading on
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IBM (IBM) Stock Off on Lower Hardware Sales

April 17th, 2014

Shares of International Business Machines Corp. (IBM) were trading down -7.20 or -3.67 percent to $189.20 per share in pre-market trading on Thursday, after the company reported earnings following the market close on Wednesday. Earnings were in line with expectations; however hardware revenue sank 23 percent in the quarter. IBM stock closed at $196.40 per
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Twitter (TWTR) Up on Acquisition of Longtime Partner

April 16th, 2014

Shares of San Francisco based Twitter, Inc. (TWTR) rose on Tuesday on a strong day on the stock exchanges overall. Twitter stock closed at $45.52, up $4.65 per share, or 11.38%, on volume of 24,285,070 shares. The company announced the acquisition of Gnip in a move that not only is expected to provide revenue growth
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Google (GOOG) Acquires Drone Maker Titan Aerospace

April 15th, 2014

Shares of Google Inc. (GOOG) were up +2.48 or +0.47 percent to $535.00 per share in pre-market trading on Tuesday, after the company announced yesterday the acquisition of drone and satellite maker Titan Aerospace. The terms of the deal were not disclosed. Google stock closed at $532.52 per share, up +1.92 or +0.36 percent in
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Facebook (FB) to Launch Financial Services

April 14th, 2014

Shares of Facebook Inc. (FB) were up +0.73 or +1.25 percent in pre-market trading on Monday, after the company announced over the weekend that it would seek approval from Irish regulatory authorities to provide financial services to its customers. The social network is looking to offer remittances and electronic money initially. Facebook stock closed at
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H&R Block (HRB) to Sell Banking Division

April 11th, 2014

Shares of H&R Block Inc. (HRB), were trading up +1.89 or +6.65 percent to $30.31 per share in pre-market trading early Friday, after the company announced late yesterday that it would be selling its banking unit to BofI Federal Bank. The sale of the unit will take H&R Block off the Federal Reserve radar as
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Tesla (TSLA) to Begin Sales in China

April 10th, 2014

Shares of Tesla Motors Inc. (TSLA) closed up +1.47 or +0.68 percent to $216.93 per share on Wednesday in active trading. The company announced late yesterday that it would begin selling its luxury sedans in China. Tesla co-founder, Elon Musk will travel to China to personally initiate the program. Tesla’s entry into the Chinese market
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Ctrip.com International (CTRP) Up on Acquisition Rumors

April 9th, 2014

Shares of Shanghai, China, based Ctrip.com International LTD (CTRP) were up on Tuesday, rising $5.23 per share, or 10.41%, to close at $55.48 on volume of 6,590,410 shares. The company has been the subject of takeover rumors, by Qunar Cayman Islands (QUNR), which is a division of Baidu (BIDU), China’s largest internet search firm. Ctrip.com
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Gigamon (GIMO) Shares Sink After Outlook Cut

April 8th, 2014

Shares of Gigamon Inc. (GIMO) were off -6.44 or -24.58 percent to $19.76 per share in pre-market trading on Tuesday, after the company announced late yesterday a reduction in its outlook on revenue for the quarter ended March 29th. Gigamon stock closed at $26.20 per share, down -0.22 or -0.83 percent in Monday’s regular trading
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GrubHub (GRUB) Up Over 30 Percent in Initial Public Offering

April 7th, 2014

Shares GrubHub Inc. (GRUB) closed up +8.00 or +30.77 percent to $34.00 per share on Friday, after the company had their initial public offering. The company had priced the offering at $26 per share on Thursday night after an initial range of $23-$26 per share. The stock originally opened up +56 percent at $40.00 per
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Anadarko (APC) Stock Soars on Toxins Case Settlement

April 4th, 2014

Shares of the Anadarko Petroleum Corporation (APC) closed up +12.55 or +14.51 percent on Thursday, after the company announced a $5.1 billion settlement of a long standing litigation over Tronox Limited (TROX). The settlement of the lawsuit will restore thousands of toxin polluted sites and compensate thousands of people with personal injury claims who were
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Citigroup (C) Subject of Criminal Inquiry

April 3rd, 2014

Shares of Citigroup Inc. (C) were trading down -0.56 or -1.16 percent to $47.68 per share in pre-market trading on Thursday, after news that the company was the subject of a Federal Bureau of Investigation criminal investigation involving a $400 million fraud from the company’s Mexican unit, Banamex. Citigroup shares closed at $48.24 per share,
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United Continental (UAL) Up on Stock Upgrade

April 2nd, 2014

Shares of Chicago, Illinois, based United Continental Holdings Inc. (UAL) rose on Tuesday on a strong day on Wall Street overall. United’s stock was up $2.27 per share to close at $46.90, or up 5.09% per share on volume of 6,537,770 shares. The company’s stock was upgraded from “neutral” to “buy” by a major Wall
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Five Stocks to Watch in April

April 1st, 2014

March saw the S&P 500 make a new all time high, climbing to 1883.57 on the seventh. The index is up +11.7 percent since early October of 2013. Nevertheless, the Dow Jones Industrial did not make a new high in March, rising +9.8 percent in the same period, while the broader based Russell 2000’s performance
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Apple (AAPL) Seeks $2B From Samsung

March 31st, 2014

Shares of Apple Inc. (AAPL) were trading up +3.00 or +0.56 percent to $539.86 per share in pre-market trading on Monday, after news that Apple would be seeking $2 billion in damages from Samsung for infringing on five of its patents used in mobile phones and tablets. Apple stock closed at $536.86, down -0.60 or
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Intel (INTC) Takes Big Stake in Cloudera

March 28th, 2014

Shares of the Intel Corporation (INTC) were up +0.16 or +0.63 percent in pre-market trading on Friday, after the company announced late Thursday that it was making a significant investment in startup Cloudera. While the size of the deal has yet to be announced, the investment by Intel is the largest single investment in data
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Bank of America (BAC) to Settle with FHFA

March 27th, 2014

Shares of Bank of America Corp. (BAC) were up +0.15 or +0.87 percent to $17.33 per share in pre-market trading on Thursday, after the company announced late yesterday that it would settle litigation over mortgage securities sales with the Federal Housing Finance Agency or FHFA. Bank of America stock closed at $17.18 per share, down
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Power Plug (PLUG) Up on Prospect of Major Deal

March 26th, 2014

Shares of Latham, NY, based Power Plug Inc. (PLUG) surged on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $2.79 per share, or 49.03%, to $8.48, on volume of 135,458,814 shares. The company’s chief executive revealed that the company is close to announcing a major deal in
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Blackstone (BX) to Reduce SeaWorld Stake

March 25th, 2014

Shares of The Blackstone Group L.P. (BX) closed down -0.80 or -2.36 percent to $33.12 per share on Monday. The company disclosed through a prospectus late Monday that they would be selling an additional 15 million shares of their SeaWorld Entertainment SEAS stake in a secondary offering. SeaWorld stock closed at $31.98 per share, down
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