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  • Blackberry Foxconn Partnership
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    Blackberry Foxconn Partnership

    December 20, 2013, 23:44 GMT

    Its been a tough year for Blackberry (NASDAQ:BBRY) shareholders, it seems like every other day some headline hit the wires and in turn moved the stock. The majority of the headlines in recent months haven’t been too excited for the determined shareholder base. Declining sales, falling relevance, and increasingly high cash burn has weighed on

  • Lululemon Tanks on Guidance Woes
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    Lululemon Tanks on Guidance Woes

    December 12, 2013, 15:51 GMT

    Shares of Lululemon Athletica (NASDAQ:LULU) were put under fire after the company reported its highly anticipated results before the market open on Thursday. In recent days traders have been actively positioning themselves for the quarter. At the close on Wednesday, at the money straddles were showing a 7.5 percent expected move on the back of

  • Costco Disappoints, Shares Weaken
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    Costco Disappoints, Shares Weaken

    December 11, 2013, 20:29 GMT

    Shares of Costco (NASDAQ:COST) were sent tumbling to the downside on Wednesday morning following the company’s first quarter results before the market open. The retail earnings season has been largely mixed up until this point with names on both the high and low end sending Wall Street surprises. Costco reported earnings of 96 cents a

  • Stocks tread water amid strong housing data

    Stocks on the American exchanges were relatively unchanged after building permits and house prices beat expectations in October. The reports suggest the housing market may be regaining momentum at the start of the fourth quarter. Building permits for new residential construction projects rose 6.2 percent in October, a five-year high. Multi-family housing units rose 15.3

  • US stocks trade hesitantly ahead of economic data

    Stocks on the American exchanges fluctuated, as market participants reacted to latest developments from Geneva concerning Iran’s nuclear program. In a landmark agreement, the nation of 77 million agreed to limit its uranium enrichment in return for around $7 billion worth of sanctions relief. The European Union said sanctions against the Islamic Republic could be

  • S&P 500, Dow Jones extend record highs
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    S&P 500, Dow Jones extend record highs

    November 23, 2013, 13:34 GMT

    Stocks on the American exchanges extended their rally, with the Standard & Poor’s 500 Index registering its seventh consecutive weekly gain. The S&P 500 was led higher by burgeoning healthcare stocks, which jumped 1.2 percent. Drug-makers Biogen Idec (NASDAQ:BIIB) and Gilead Sciences (NASDAQ:GILD) advanced 14.15 percent and 3.69 percent, respectively. Biogen Idec registered its biggest

  • US stocks rebound on economic data
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    US stocks rebound on economic data

    November 22, 2013, 07:23 GMT

    US stocks snapped a three-day slump on the heels of stronger than forecasted data. Stocks traded mostly to the downside early in the week as market participants speculated about the future of the Federal Reserve’s bond buying program. Investors were delighted to learn the US manufacturing industry soared to an eight-month high in November, erasing

  • Stocks decline on taper speculation, FOMC minutes

    Stocks on the American exchanges tumbled after Federal Reserve officials kept the possibility of a bond taper on the table. The minutes of the October 29-30 FOMC policy meetings revealed the central bank could begin reducing record stimulus sooner than expected, depending on the status of economic recovery. Since November 2008, the central bank has

  • US stocks trade to the downside ahead of headlines

    Stocks on the American exchanges fell after key industry players cut their profit forecasts. As the earnings season winds down, market participants are looking ahead to an active second half of the week, headlined by monetary policy and economic data. Best Buy Co (NYSE:BBY) fell almost 11 percent after announcing fourth quarter profits could take

  • US stocks tumble ahead of key data, FOMC minutes

    US stocks fell after an intraday rally sent the Standard & Poor’s 500 Index to 1,800 for the first time. The tumble came as market participants look ahead to an active newswire, headlined by the October FOMC meeting minutes and manufacturing PMI. Some investors put on the brakes amid growing concern the stock market is

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