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April 24, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015

On Monday, the People’s Bank of China lowered reserve requirements by 100 basis points, the second drop this year, on the heels of China’s unexpectedly low GDP growth of 7% in the first quarter.

Markets were up very strongly, however, it was more about a technical rebound in stocks after Friday’s selloff, as well as optimism about earnings.

On Tuesday, markets generally stayed the same, still in a waiting pattern for earnings, however, Nasdaq had some nice gains in part due to a takeover offer for Mylan NV.

On Wednesday, existing home sales for March surged 6.1%, the strongest since December 2010.

For the week ending April 17th, total mortgage application volume rose 2.3%, driven largely by purchase applications, not refinances. Markets rallied on this good news, plus earnings reports that were coming in far better than expected.

On Thursday, the Nasdaq sets a record high for the first time in 15 years, as earnings continued to outperform. Much to everyone’s surprise, however, new home sales for March dropped 11.4%, and jobless claims for the week ending April 18, edged up 1,000 to 295,000.

On Friday, durable goods orders for March increased 4%, however, the core rate with transportation excluded fell .2%. The core rate declining was a disappointment.

The Dow and S&P 500 opened mixed, however, Nasdaq opened very strong. Now let’s take a look at some stocks.

Chipotle Mexican Grill, Inc. shares shot down Wednesday from 2 to 5, losing over 5%, after missing analysts’ projections for first quarter 2015 sales. Higher menu prices and a shortage of pork were contributing factors, however, sales still rose a healthy 20%.

General Motors Company stock was down over 4% Thursday after the number one U.S. automaker reported smaller-than-expected first quarter profits. The company blamed the disappointing performance on weakness in their South American and European markets which outweighed truck sales in North America. Profits were also hurt by a 9 million loss in earnings before interest and taxes in Europe, while losses in South America amounted to 4 million.

Apple Inc. stock rallied this week as investors and shareholders gear up for the launch of the highly-anticipated Apple Watch on Friday. Analysts have estimated that over 2 million units were ordered during the presale phase and forecasts that approximately 20 million units will be delivered during 2015.

Dunkin’ Brands Group, Inc. shares were up more than 8% on Thursday after the company reported earnings that beat the street’s forecasts. The company, which operates Dunkin’ Donuts and Baskin-Robbin stores, reported a 12% increase in net income to .6 million or {videoDescription}.25 per share while revenue increased by 8.1% to 5.9 million. The company also reported that 78 new Dunkin’ Donuts locations were opened during the first quarter.

April 24, 2015 Weekly Stock Market Wrap-up:

Chipotle Mexican Grill, Inc. (NYSE: CMG)

General Motors Company (NYSE: GM)

Apple (NASDAQ: AAPL)

Dunkin’ Brands Group (NASDAQ: DNKN)

Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
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May 1, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015

On Monday, markets were down, especially biotech, as economic news waslight and investors waited for more earnings reports and the results of Wednesday’s Federal Reserve meeting.

On Tuesday, the Case-Shiller home price index for February was up 5% year over year, compared to a 4.5%rise in January. Consumer confidence for April fell sharply unexpectedly from 101.4 to 95.2. Stocks continued trading mostly based on earnings news and markets were mixed, with the Dow Industrials up and the S&P 500 and Nasdaq staying about the same.

On Wednesday, the GDP for the first quarter was released and it was only up .2%, compared to the fourth quarter’s gain of 2.2%. This was lower than expected, and the poor results were blamed on the effects of the strong dollar on exports, along with a harsh winter. The Fed also released its meeting statement, removing all previous calendar references to timing of rate hikes. This increased speculation among analysts as to when the Fed will raise rates, with many thinking the current softness in the economy will delay the Fed’s plans.

On Thursday, jobless claims for the week ending April 25th, plunged 34,000 to 262,000, the lowest level since April 2000. Personal income for March was unchanged, compared to a .4% increase in the prior month, and consumer spending was up .4%, compared to a .1% increase in February. By the end of the day, markets were down
strongly.

On Friday, the ISM manufacturing index for April was 51.5 unchanged from March. Despite the lackluster manufacturing news, markets were up strongly at the open.

Now let’s take a look at some stocks.

Apple reported their second quarter financials for 2015 last Monday and showed Wall Street another blockbuster quarter. Revenue increased by 27% to billion, attributed to better than expected sale of iPhones, with over 61 million units sold. Apple also announced an increase in their stock buyback plan from billion to 0 billion and also increased dividend payments by 11%.

Twitter, Inc. shares slid this week after the social media company’s
first quarter earnings report was accidentally leaked before Tuesday’s
market close. Twitter reported revenue of 6 million, failing to meet
their own guidance, while analysts forecast 7 million.

Lumber Liquidators Holdings, Inc. stock tumbled on Wednesday following their first quarter results showing a loss on earnings of {videoDescription}.29 per share while analysts forecast a gain of {videoDescription}.15 per share. Also in another filing, Lumber Liquidators stated that the Department of Justice is now seeking criminal charges relating to their imported laminate flooring from China. The company stated that they will be setting aside million for possible legal fees.

Alibaba Group Holding shares slid after CEO Jack Ma announced a hiring freeze due to the quick growth of the e-commerce company. Currently, Alibaba employs just north of 30,000 employees who are currently serving their 334 million user base.

May 1, 2015 Weekly Stock Market Wrap-up:

Apple Inc. (NASDAQ: AAPL)

Twitter Inc. (NYSE: TWTR)

Lumber Liquidators Holdings, Inc. (NYSE: LL)

Alibaba Group Holding Ltd. (NYSE: BABA)

Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
http://www.financialbuzz.com

financial news, financial stock news, business news, stock news, financial news today, stock news today 2015, financial news now, stock news now, stock news, business news, financial news,

© 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law