Dec 24th

Chipotle Stock Downgraded on Latest E Coli Outbreak

By Andy

Chipotle Stock Downgraded on Latest E Coli Outbreak

Chipotle shares continued falling this week after the latest outbreak of E Coli hit the casual fast food chain. The stock has lost more than a third of its value since October 13, when its value peaked at $750.42 per share. The latest outbreak, which impacted five people in three states, prompted the shares to drop from $538.90 on Monday to below $500 Tuesday afternoon. A number of analysts have responded by downgrading the stock, even some who've considered a downgrade unnecessary after previous issues for Chipotle. When 150 people were infected with norovirus at a Boston Chipotle several weeks ago, JPMorgan analyst John Ivankoe called the outbreak a “phenomenally unlucky coincidence,” saying it would be rash to downgrade the stock at that time. The latest incident prompted Ivankoe to reconsider, and he dropped the stock from “overweight” to “ neutral”.

Dec 9th

DuPont, Dow Chemical Stocks Surge as Merger Rumors Spread

By Dave Simmons

DuPont, Dow Chemical Stocks Surge as Merger Rumors Spread

Rumors began swirling Wednesday that Dow Chemical Co. and DuPont have begun discussing a merger that would create a $130 billion titan in the chemical industry, prompting both stocks to surge. Shares of Dow Chemical spiked 11.7 percent to a record high of $56.82 at one point during the trading day, while DuPont jumped as much as 13.7 percent at one point and was very much on pace to see its biggest one-day gain ever. The merger talks were first reported Tuesday by the Wall Street Journal, who also said the combined company would then be split into three. The new companies would diversify the new company's agricultural, chemical and materials businesses. Neither company has been willing to speak publicly on the merger rumors, but multiple sources were reporting it by Wednesday afternoon.

Mar 6th

AT&T Bumped from Dow in Favor of Apple

By Kelly Curtis

 

AT&T Bumped from Dow in Favor of Apple

 

 

Apple was accepted into an elite club on Friday when it was announced the tech giant will replace AT&T on the Dow Jones industrial average.  The change is scheduled to take place on March 19th, and is not expected to affect the overall value of the 30-stock index.  S&P Dow Jones Indices, which manages the Dow, said the move is in response to a planned stock split by VISA.  The scheduled four-to-one split will reduce VISA's stock price by 75 percent, thus reducing the weight of the information technology sector on the index.  Bringing in Apple, the index manager said, will help offset the loss of value caused by VISA's stock split.

Dec 31st

US Stock Markets Cap Off Solid 2013 Trading Year

By Ronnie
US Stock Markets Cap Off Solid 2013 Trading Year
 
US stock indexes rose Tuesday on the heels of a better-than-expected consumer confidence report as they moved through the final session of the year, poised to finish off the best year for US stocks in nearly a decade.  With about four hours left in the year's final trading session, all three major US stock indexes were up for the day, and all three were on pace for their best years in recent memory.  Should the indexes hold steady or gain in the final hours, the Nasdaq would finish off its best year since 2009, the S&P 500 will cap off its best trading year since 1997, and the Dow Jones industrial average would conclude its best twelve months since 1995.

Nov 7th

Twitter Stock Soars Nearly 75 Percent in IPO

By Frank Galvano

Twitter Stock Soars Nearly 75 Percent in IPO

 

Microblogging giant Twitter went public late Wednesday, pricing its shares at $26 apiece. The initial public offering raised about $2 billion for the company, giving it a public valuation of $18.34 billion. But that was Wednesday. When trading opened on the New York Stock Exchange Thursday morning, the shares had already up more than 75 percent at $45.10 per share. The stock, which trades under the ticker symbol TWTR, rose above the $50-per-share mark during Thursday's session, though it trailed off later in the session to finish at $45.41 per share. That represents a 74.65 percent first-day gain and gives the company a market cap of $24.46 billion.

Nov 5th

Twitter Ups Target Price for Impending IPO

By Frank Galvano
Twitter Ups Target Price for Impending IPO 
 
Twitter expressed optimism about its impending initial public offering on Tuesday, raising its target price range from a range of $17 to $20 to a range of $23 to $25.  The new range boosts the microblogging site's potential market value by several billion dollars, and sets Twitter up to outpace the market caps of other social-based companies that have gone public in recent months, including Groupon and Zynga.  If Twitters shares reach the high end of the firm's target, the company would have an opening day market value of just under $14 billion, and would infuse a large stockpile of cash the company can use for growth. 
 
Oct 17th

Google Shares Surge After-Hours On Solid Quarterly Numbers

By Kelly Curtis
Google Shares Surge After-Hours On Solid Quarterly Numbers
 
US Internet giant Google saw its shares spike dramatically in after-hours trading Thursday when it issued its quarterly earnings after the closing bell.  The Mountain View, California company's shares were up more than 6.5 percent just 45 minutes after the earnings report, and were rapidly approaching a value of $950 a share.  If the gains hold, the stock will open Friday's session at an all-time high, eclipsing the previous intra-day high of $923 a share, set on July 12th.  The gain would also give Google shareholders a year-to-date profit on the shares of more than 33 percent.

Oct 17th

Dow Jones Suffers Setback as IBM Shares Slide on Revenue Miss

By Dave Simmons
Dow Jones Suffers Setback as IBM Shares Slide on Revenue Miss
 
While the Standard & Poors 500 and tech-heavy Nasdaq both posted solid gains Thursday in the wake of a deal to avoid a US default on its debt, the blue-chip Dow Jones industrial average suffered a slight decline on the day as software giant IBM slid more than 6.5 percent on poor quarterly earnings, issued after Thursday's closing bell.  IBM's loss on Thursday gave the stock the unenviable distinction of being the worst performer on the Dow so far this year.  Excluding IBM's drastic freefall, the Dow would have posted a gain on the day, as late buying pushed the index into the black briefly as the trading day wound to a close, though it would fall below the break-even line in the session's final minutes.
Sep 10th

Dow Jones Industrial to Delist Alcoa, Bank of America and HP

By Betty
Dow Jones Industrial to Delist Alcoa, Bank of America and HP

Longtime Dow Jones industrial average components Bank of America, Hewlett-Packard and Alcoa will lose their status as blue-chip issues later this month as the iconic index welcomes three new members to its exclusive 30-member club.  The three outgoing stocks, Dow officials explained, have suffered massive declines over the last few years, and their stock prices have simply dropped too far to continue to include them on the index.  The Dow Jones family will welcome, meanwhile, Goldman Sachs, Nike and Visa into the fold on September 23rd when the changes take place.
Jul 24th

Apple Stock Gains 5 Percent on Better-than-Expected Quarterly Results

By Frank Galvano
Apple Stock Gains 5 Percent on Better-than-Expected Quarterly Results

Shares of Apple surged nearly 5 percent in morning trading Wednesday as investors welcomed the company's fiscal third-quarter results issued after Tuesday's closing bell.  The world's largest tech firm reported higher-than-expected sales of its popular iPhone for the three months through June, including a 51 percent jump in shipments in the US alone.  The report did contain some disappointing metrics, however, as the company's profit slipped 22 percent from the year-earlier period and gross margins fell from 42 percent a year ago to 37 percent.

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