Stock of the Day

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Five Stocks to Watch in December

December 2nd, 2013

The U.S. stock market rally continued unabated in November, with new all time highs in both the S&P 500 and the Dow Jones Industrial Average. Holiday shopping results for Thursday through Sunday showed that total spending dropped 3 percent from a year earlier, despite many stores beginning their sales on Thanksgiving Day. The end of
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Tiffany (TIF) Shares Up 9% on 3Q Earnings

November 27th, 2013

Shares of Tiffany & Co. (TIF) closed up +7.03 or +8.68 percent to $88.02 per share on Tuesday, after the company reported a 50 percent increase in net earnings for Tiffany’s third quarter ended on October 31st,, 2013. The improvement in earnings was in part due to a large increase in Asia-Pacific region sales. Sales
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BlackBerry (BBRY) Execs Leave in Management Shakeup

November 26th, 2013

Shares of the Blackberry Ltd (BBRY) closed up +0.01 or +0.16 percent to $6.25 per share on Monday, after the company announced the departure of its Chief Financial Officer, Chief Operating Officer and the Chief Marketing Officer as the company rebuilds management. The company also announced the resignation of board member Roger Martin, who was
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Intel (INTC) Stock Off 5% After Lower Sales Forecast

November 25th, 2013

Shares of the Intel Corporation (INTC) closed down -1.36 or -5.39 percent to $23.87 per share on Friday, after the company announced it expects sales to be flat in 2014, versus analyst estimates of a +1.4 percent increase over 2013 sales. The lower forecast means this will be the third year in a row that
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Jury Awards Apple (AAPL) $290 Million in Samsung Patent Suit

November 22nd, 2013

Shares of Apple (AAPL) closed up +6.14 or +1.19 percent to $521.14 per share on Thursday, after a federal jury reached a verdict awarding Apple $290 million in damages from rival Samsung Electronics. The verdict covered 13 older devices of the 26 products Samsung manufactured that infringed on Apple patents. The verdict, reached by a
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