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Markets Gather Some Momentum As Volume Remains Light, Geopolitical Tension Improving
Thursday, August 14, 2014 - 4:37pm | 2822Read More...U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...
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Thursday's Selling Momentum Continues Into Friday
Friday, August 1, 2014 - 4:33pm | 2380Read More...U.S. stocks picked up where they left off after Thursday's sharp sell-off as positive earnings reports yet again took a backstage to geo-political uncertainties. Not helping the bull cause was nonfarm payrolls, rising by 209,000, less than the 233,000 expected. The jobless rate also ticked...
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Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble
Thursday, July 31, 2014 - 4:49pm | 3111Read More...U.S. stocks posted steep losses as investors had plenty to worry about. Unable to reach a last-minute settlement, Argentina defaulted on its debt obligations. Naturally, as a global economy, the credit of one country affects other countries worldwide. The Labor Department reported that U.S....
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Markets Lower As Geopolitical Uncertainty Continues
Monday, July 21, 2014 - 4:46pm | 2931Read More...U.S. stocks were lower as leaders from Britain, France, Germany and Canada have all made their respective countries position clear that Russia will face further sanctions if air investigators are not given full access to the crash site in Ukraine. Israel continued its ground offensive in the...
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Market Wrap For June 18: Markets Rally On Fed Comments And Tapering
Wednesday, June 18, 2014 - 4:34pm | 2069Read More...U.S. stocks rose as investors and traders digested comments from the Federal Reserve. The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month. The Fed also...
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Market Wrap For June 10: Stocks Showed Little Change On Light Volume
Tuesday, June 10, 2014 - 4:41pm | 2151Read More...U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume. The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday. With little economic or market moving catalysts due in the...
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Market Wrap For May 28: Markets Take A Breather As Treasury Yields Fall
Wednesday, May 28, 2014 - 4:34pm | 2195Read More...U.S. stocks ended a four day rally which saw the S&P 500 hit historical all-time highs. However, during Wednesday's trading session the ten-year Treasury yield traded as low as 2.439 percent, the lowest level seen since June 2013. Volume remained below average during Wednesday's trading...
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Market Wrap For May 23: Markets Marginally Higher; S&P 500 Closes Above 1,900
Friday, May 23, 2014 - 4:39pm | 1787Read More...U.S. stocks were little moved with the news-flow light, as would be expected prior to a long-weekend. In fact, Thursday's trading session proved to be the second lowest volume day of 2014. The S&P 500 closed above 1,900 and came within striking distance of matching its intraday all time...
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Market Wrap For May 8: Tesla Helps Extend Nasdaq's Losing Streak To 3 Straight Days
Thursday, May 8, 2014 - 4:32pm | 3174Read More...U.S. stocks were mixed as the Dow finished in positive territory and the S&P 500 index turned negative after rising to within two points of its record close. The Nasdaq also turned negative towards the end of the day, declining for the third straight day. Earnings continue to come in mixed...
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Market Wrap For April 23: S&P 500 Ends Winning Streak, Apple Announces 7-for-1 Stock Split
Wednesday, April 23, 2014 - 4:46pm | 3441Read More...U.S. stocks fell after the S&P 500 and Nasdaq has risen for six consecutive trading sessions after new home sales data came in worse than expected. Investors could reasonably expect the markets to cool off after six straight days of gains especially as earnings continue to come in mixed....
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Market Wrap For April 22: S&P Rises For Sixth Straight Day, Dow & Nasdaq Also Positive
Tuesday, April 22, 2014 - 4:52pm | 2838Read More...U.S. stocks rose as investors cheered recent earning reports and a positive home sales data for March. A $45 billion M&A offer also contributed to Tuesday's buying action as investors could be excited and motivated to buy stocks ahead of a few rough weeks of bearish activity. The S&P...
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Endo Pharmaceuticals has Everybody Interested as M&A Target
Thursday, January 31, 2013 - 10:06am | 592Read More...Remember the days of youth when everybody wanted to hang out with you? To many friends, too little time was how your life worked as a high school and college student. Endo Pharmaceuticals (NASDAQ: ENDP) likely feels that way. Shares of this healthcare stock vaulted more than 10 percent in...
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Deutsche Bank Maintains Buy on Valeant Pharmaceuticals
Monday, July 11, 2011 - 7:24am | 85Read More...Deutsche Bank is out with its report today on Valeant Pharmaceuticals (NYSE: VRX), maintaining Buy after Valeant agreed to acquire Dermix. In a note to clients, Deutsche Bank writes, "Given the company's presence in dermatology in both the US and Canada, this appears to be a solid addition to...
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Piper Jaffray Reiterates Overweight on Valeant Pharmaceuticals
Tuesday, June 14, 2011 - 7:34am | 109Read More...Piper Jaffray is out with its report today on Valeant Pharmaceuticals (NYSE: VRX), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We continue to envision U.S. sales north of $200M by 2014 (VRX will share profits with Glaxo). With a new growth driver for the U.S. neurology...
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Deutsche Bank Provided Color on Valeant Pharmaceuticals' Acquisition of Sanitas
Tuesday, May 24, 2011 - 7:19am | 336Read More...Deutsche Bank provided color on Valeant Pharmaceuticals (NYSE: VRX) after the company announced it will acquire Sanitas, a Lithuanian-based generic drugs manufacturer. In a research report published today, Deutsche Bank states, "Very early this morning, Valeant has agreed to acquire Lithuanian-...













