Search

Stock of the Day

Five Stocks to Watch in 2014

January 2nd, 2014

2013 saw the market make over 50 new all-time highs. Can the bull keep running in 2014? This year’s “Five Stocks to Watch” include Twitter, which had their initial public offering in November and proceeded to climb +180 percent before selling off sharply last week. Also on the list is JP Morgan Chase, which paid
Read the full article…

Boeing (BA) Warns on 777X Wing Manufacture

December 31st, 2013

Shares of the Boeing Company (BA) closed down -0.98 or -0.72 percent on Monday to $135.92 per share, after news that the company may not build its new 777X in Washington State. Boeing has been embroiled in talks with Washington’s largest machinist union, which rejected Boeing’s latest contract in November. The International Association of Machinists
Read the full article…

Blackstone (BX) to Acquire 13 Percent Stake in Crocs

December 30th, 2013

Shares of The Blackstone Group L.P. (BX) closed up +0.13 or +0.42 percent on Friday to $31.35 per share. The company announced over the weekend that it would be purchasing a $200 million stake in Crocs, Inc. (CROX). Crocs stock closed at $13.33 per share, up +0.03 or +0.23 percent on Friday. The deal for
Read the full article…

Textron (TXT) to Acquire Beechcraft for $1.4 Billion

December 27th, 2013

Shares of Textron Inc. (TXT) closed up +0.20 or +0.56 percent on Thursday to $36.20 per share ahead of the company reporting it would acquire Beech Holdings LLC, parent company of Beechcraft Corporation for $1.4 in an all-cash deal. The stock traded up to $37.00 in afterhours trading after the takeover was announced. The agreement
Read the full article…

Twitter (TWTR) Stock Up 8.4%, Analysts Caution

December 26th, 2013

Shares of Twitter Inc. (TWTR) closed up +5.42 or +8.4 percent on Tuesday to $69.96 per share after making a new all-time high of $70.87 in a shortened pre-holiday trading session. The stock is up +169 percent from its initial public offering price of $26 per share made on November 7th, and +56 percent from
Read the full article…

Apple (AAPL) Stock Soars on China Mobile Deal

December 23rd, 2013

Shares of Apple Inc . (AAPL) were trading up +20.65 or +3.68 percent to $569.21 per share in pre-market trading Monday morning, after the company announced it had entered into a multi-year agreement with China Mobile to bring the Apple iPhone to the Chinese wireless carrier. The deal, which was announced Sunday, opens the Chinese
Read the full article…

Facebook (FB), Zuckerberg to Sell 70 Million Shares in Secondary Offering

December 20th, 2013

Shares of Facebook Inc. (FB) were down -0.52 or -0.94 percent to close at $55.05 per share on Thursday, after news that the company and its founder, Mark Zuckerberg would be selling shares in a secondary offering valued at $4 billion. The sale will be the first for the company since its initial public offering
Read the full article…

Lennar (LEN) Stock up 6 Percent on Housing Demand

December 19th, 2013

Shares of Lennar Corporation (LEN) were up +2.23 or +6.34 percent to close at $37.43 per share on Wednesday, after the company reported a 13 percent increase in new sales for the quarter ended on November 30th. The company also reported a 32 percent increase in net income for the quarter. In addition to the
Read the full article…

AT&T (T) Falls on Sale of Landline Business in Connecticut

December 18th, 2013

Shares of multinational telecommunications giant AT&T (T) fell .30 to $33.85, down .88%, on Tuesday on news of the sale of it’s landline business in Connecticut to Frontier Communications (FTR). Frontier Communications stock rose .38 to $4.78, up 8.64% on the news. Dallas, Texas based AT&T is the largest provider of both mobile and fixed
Read the full article…

LSI Corporation (LSI) to be Acquired by Avago Technologies for $6.6 Billion

December 17th, 2013

Shares of LSI Corporation (LSI) were up +3.05 or +38.6 percent to close at $10.96 per share on Monday, after news the company entered into an agreement to be taken over by Singapore based Avago Technologies Limited (AVGO) for $11.15 per share. The acquisition will create a highly diversified company, which will lead the semiconductor
Read the full article…

Nimble (NMBL) Storage up 62% After Initial Offering

December 16th, 2013

Shares of Nimble Storage Inc. (NMBL) closed up +12.93 or +61.6 percent to $33.93 per share after its initial public offering on Friday. The stock traded as high as $35.13 during its first day of trading on the New York Stock Exchange, after opening at $31.10. Nimble sold a total of eight million shares at
Read the full article…

Hilton (HLT) Raises $2.3 Billion in IPO

December 13th, 2013

Shares of Hilton Worldwide Holdings Inc. (HLT) closed up +1.50 or +7.50 percent to $21.50 per share on Thursday, after the company had an initial public offering of common stock. The IPO was originally priced Wednesday night at $20.00 per share. Hilton had been taken over by Blackstone Group LP (BX) in 2007 and its
Read the full article…

Cisco’s (CSCO) Cloud Fusion Tech Could Protect from NSA Spying

December 12th, 2013

Shares of Cisco Systems Inc. (CSCO) closed down -0.33 or -1.56 percent to $20.88 per share on Wednesday as the company presented its Powered Cloud and Managed Services at “Cloud Connections”, an event held by Cisco at the JW Marriot Hotel (MAR) in Hong Kong. The event’s theme, “Your Amazing Cloud Journey Starts Here” promotes
Read the full article…

Cardinal Health (CAH) Jumps on Joint Venture with CVS Caremark

December 11th, 2013

Shares of Cardinal Health (CAH) closed up $1.95 per share, at $66.22, up 3.03% on Tuesday. The increase came on the announcement of a joint venture with CVS Caremark (CVS) to form a generic drug sourcing unit. CVS was also up on the news, rising $1.27 to 68.00, or 1.90%. Dublin, Ohio, based Cardinal Health
Read the full article…

McDonald’s (MCD) Misses on U.S., Global Sales

December 10th, 2013

Shares of the McDonald’s Corp. (MCD) declined -1.08 or -1.12 percent to close at $95.72 per share on Monday, after the company reported another month of sluggish sales at their established U.S. restaurants. The November results have investors worried the hamburger franchise is losing market share to competitors in the United States. Comparable sales for
Read the full article…

American Airlines and U.S. Air Begin Trading as American Airlines Group Inc. (AAL)

December 9th, 2013

Shares of the newly formed American Airlines Group Inc. began trading this morning under the symbol (AAL) on the Nasdaq Stock Exchange. The merger of the two airlines will create the largest carrier in the world with American emerging from bankruptcy. The new company will be headed by U.S. Airways CEO, Doug Parker and his
Read the full article…

Goldman Sachs (GS) Stock Declines on Legal Actions

December 6th, 2013

Shares of Goldman Sachs Group Inc. (GS) closed down -3.14 or -1.86 percent to $165.56 per share on Thursday, after several news items involving a lawsuit from a Singapore investor and disciplinary action in South Korea. In addition, Goldman is set for a venue hearing on roughly 25 lawsuits involving the manipulation of aluminum supplies
Read the full article…

Microsoft (MSFT) Cleared for Nokia Acquisition, To Encrypt Services

December 5th, 2013

Shares of Microsoft Corporation (MSFT) closed up +0.63 or +1.64 percent to $38.94 per share on Wednesday in active trading after the stock hit a 13 year high of $38.98. The stock reacted to news that the company had received clearance from European regulators for Microsoft’s acquisition of Nokia’s (NOK) devices and services division. In
Read the full article…

Ford (F) Shares Down on November Sales Data

December 4th, 2013

Shares of Ford Motor Company (F) closed down .50 a share on Tuesday, or -2.93%, at $16.56. This despite a reported 7% increase in vehicle sales in November. Sales increased to 190,449 vehicles this November, up from 177,673 in November of 2012. On Tuesday, the company reported that total retail sales increased by 9%, resulting
Read the full article…

3M Co. (MMM) Shares Off After Morgan Stanley Downgrade

December 3rd, 2013

Shares of 3M Co. (MMM) closed down -5.83 or -4.37 percent to $127.68 per share on Monday, after Morgan Stanley MS downgraded the company’s stock in a report released Monday morning. Shares of 3M began selling off after news of the report, having reached an all time high of $134.16 per share on Friday. 3M
Read the full article…