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Five Stocks to Watch in 2015

January 2nd, 2015

This year promises to be an interesting one for the U.S. stock market, given the record territory the S&P 500 and the Dow Jones Industrial Average are starting 2015. The Nasdaq index is still shy of its closing high of 5,048.62 made on March 10th, 2000, ending the year at 4,736.05, up +11.81 percent in
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NeuroDerm (NDRM) Takes Off on Promising Drug Trials

December 31st, 2014

Shares of Rehovot, Israel, based NeuroDerm Ltd. (NDRM) rocketed on Tuesday, against the backdrop of a generally lower day in stocks overall. NeuroDerm’s stock was up by a market-leading 193.53%, rising $11.96 per share, to close at $18.14, on volume of 41,008,653 shares. The company reported positive mid-stage trial results for its Parkinson’s disease candidate. Founded
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Civeo (CVEO) Stock Pummeled on 2015 Guidance, Dividend Cut

December 30th, 2014

Shares of Civeo Corp. (CVEO) were down -3.07 or -37.73 percent to $5.13 in premarket trading on Tuesday. The company announced yesterday after the close that it would be suspending its dividend and gave a lower than expected guidance for its 2015 fiscal year. Civeo stock closed at $8.27, up +0.21 or +2.61 percent in
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Google (GOOG) Gmail Blocked in China

December 29th, 2014

Shares of Google Inc. (GOOG) were trading down -1.03 or -0.19 percent to $533.00 per share in premarket trading this morning, after news that China had blocked the company’s Gmail access through third parties. The Gmail website had already been blocked, with today’s action extending to the Apple (AAPL) app included in Apple iPhones and
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Family Dollar (FDO) Postpones Vote on Dollar Tree Bid

December 26th, 2014

Shares of Family Dollar Stores Inc. (FDO) closed down -0.01 or -0.01 percent to $79.14 per share on light volume in lackluster pre-holiday trading on Wednesday. The company announced on Tuesday that an overwhelming majority of shareholders had voted to adjourn a vote on a proposed $8.5 billion takeover of the company by Dollar Tree
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Vanda Pharmaceuticals (VNDA) Reaches Settlement with Novartis AG

December 23rd, 2014

Shares of Vanda Pharmaceuticals Inc. (VNDA) were up +2.09 or +17.55 percent to $14.00 per share in premarket trading this morning, after the company announced yesterday after the close that it had reached an agreement with Novartis AG (NVS) in ongoing arbitration proceedings on licensing for Fanapt. Vanda Pharmaceuticals stock closed at $11.91 per share,
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Staples (SPLS) Security Breach Affects 1.16 Million Customers

December 22nd, 2014

Shares of Staples Inc. (SPLS) closed down -0.09 or 0.51 percent to $17.55 in Friday’s regular trading session. The company disclosed after the close of trading on Friday that as many as 1.16 million payment cards could have been affected by a data breach first detected in October. Staples said that the malware used in
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Red Hat (RHT) Rockets on Third Quarter Earnings

December 19th, 2014

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50
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Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results

December 18th, 2014

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percent
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Navistar International Corporation (NAV) Falls on Missed Expectations

December 17th, 2014

Shares of Lisle, Illinois, based Navistar International Corporation (NAV), fell sharply amid a down day on Wall Street. Navistar’s stock dropped 16.98%, falling $5.95 per share, to close at 29.10, on volume of 4,580,210 shares. Even though the company substantially lowered is loss for the quarter, and sales grew, the income results came in below
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Talisman Energy (TLM) to be Acquired by Repsol for $8.3 Billion

December 16th, 2014

Shares of Talisman Energy Inc. (TLM) were up +2.50 or +48.83 percent to $7.62 per share in this morning’s premarket trading, after news that the company had agreed to be taken over by Spanish energy company Repsol SA REP. Talisman Energy shares closed at $5.12, up +0.83 or +19.35 percent in Monday’s regular trading session.
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PetSmart (PETM) Sells Itself for $8.7 Billion

December 15th, 2014

Shares of PetSmart Inc. (PETM) were up +3.58 or +4.61 percent to $81.25 per share in Monday’s premarket, after the company announced yesterday that it was being acquired by a foreign based private investor group for $83.00 per share. PetSmart shares closed at $77.67, down -0.77 or -0.98 percent in Friday’s regular session. Phoenix, Arizona
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Adobe (ADBE) Beats on Earnings, to Acquire Fotolia for $800M

December 12th, 2014

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. In addition to beating earnings estimates, the company announced it was acquiring stock-photo web company Fotolia for $800 million. Adobe stock closed at
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LendingClub (LC) Raises $865.5M in Initial Public Offering

December 11th, 2014

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. The initial expected range for pricing shares was between $12 and $14 per share, with the final price of $15 per share exceeding expectations. Lending
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Bluebird Bio (BLUE) Takes Off on Promising Drug Results

December 10th, 2014

Shares of Cambridge, Massachusetts based Bluebird Bio, Inc. (BLUE) rocketed on Tuesday, against the backdrop of a mixed market on Wall Street. Bluebird’s stock was up 72.39%, rising by $35.29 per share, to close at $84.28 on volume of 8,209,814 shares. It was Bluebird’s highest close ever. On Monday night, the company announced that one
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Conn’s (CONN) Stock off Sharply on Third Quarter Earnings

December 9th, 2014

Shares of Conn’s Inc. (CONN) were trading down -11.21 or -31.95 percent to $23.88 in this morning’s premarket, after the company announced a loss for its fiscal third quarter, 2015 ended on October 31st 2014. Analysts were expecting the company to post a profit for the quarter. Conn’s stock closed at $35.09, down -0.15 or
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Cubist Pharmaceuticals (CBST) to be Acquired by Merck in $9.5B Deal

December 8th, 2014

Shares of Cubist Pharmaceuticals Inc. (CBST) were up +26.66 or +35.85 percent to $101.02 per share in this morning’s premarket, after news broke late Friday that the company was in acquisition talks with Merck & Co. (MRK). The deal, which was just announced this morning, could be worth as much as $9.5 billion. Cubist stock
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The Gap (GPS) Same Store Sales Rise Six Percent

December 5th, 2014

Shares of The Gap Inc. (GPS) were trading up +1.44 or +3.55 percent to $42.00 per share in this morning’s premarket, after the company announced that November same store sales had risen six percent compared to a year earlier. Analysts expected a -1.4 percent decline. Gap stock closed at $40.56 per share, down -0.04 or
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Best Buy (BBY) to Sell its Five Star China Business

December 4th, 2014

Shares of Best Buy Co. Inc. (BBY), were trading up +0.65 or +1.80 percent to $36.69 per share in Thursday’s premarket, after the company announced early this morning that it would be selling its Five Star business in China for an undisclosed amount. According to Best Buy, the sale will have little impact on the
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Shoe Carnival (SCVL) Up on Higher Third Quarter Earnings

December 3rd, 2014

Shares of Evansville, Indiana, based Shoe Carnival Inc. (SCVL) rose sharply on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $3.75 per share, or 19.11%, to close at $23.37 on volume of 487,327 shares. After the close of the markets on Monday night, the company announced that
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