Stocks Off Highs Into Yellen Speech Apr 16, 2014 11:13AM

After starting solidly stronger, markets are drifting lower mid-day. Traders will be paying close attention to Janet Yellen's speech at the Economic Club of New York at 12:25PM ET. The topic is "Monetary Policy and the Economic Recovery."

Shortly after 11AM ET, the Dow is up 69 points, the S&P 500 is up 7 and Nasdaq is up 13.


Stocks Choppy With Escalation of Ukraine Violence Apr 15, 2014 10:41AM

After zooming higher early, the major indexes dipped into the red before recovering slightly amid reports of an escalation of violence in Eastern Ukraine. Shortly after 10:30AM ET the Dow is up 13 points, the Nasdaq is down 15 points and the S&P 500 is up 2 points.

Stocks started strong as traders used the recent sell-off to add to position on the view that tax-related selling would abate with U.S tax day having arrived. They quickly moved into some of the most beaten-up names, including the high-multiple growth stocks that litter the NASDAQ. However gains quickly vanished on report of injuries and deaths in Eastern Ukraine.

Individual stocks that traders are watching closely given the volatility, include: FireEye, Inc. (NASDAQ: FEYE), Workday, Inc. (NYSE: WDAY), Yelp (NYSE: YELP), Gilead Sciences (NASDAQ: GILD), TripAdvisors (NASDAQ: TRIP) , Facebook (NASDAQ: FB), Biogen Idec Inc. (NASDAQ: BIIB), Tesla Motors, Inc. (NASDAQ: TSLA), Netflix (NASDAQ: NFLX), Biogen Idec Inc. (NASDAQ: BIIB), The Priceline Group (Nasdaq: PCLN), Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG), Celgene (NASDAQ: CELG), Twitter (NYSE: TWTR).


Stocks Sink; Margin Fears Take Center Stage Apr 10, 2014 01:57PM

After stabilizing over the past few sessions, stocks are weaker across the board Thursday with selling accelerating in afternoon trade. Again, the sell-off is hitting high-flying biotech, Internet, and software names the hardest.

Heading into the 2 o'clock hour, the Dow is down 178 points, the S&P 500 is down 27 points and the Nasdaq is down 116. The S&P 500 is now down nearly 3% from its high. The NASDAQ is down nearly 7% from its high.

The selling appears to be a continuation of the weakness first witnessed in high-growth, high-multiple names that trickled over into the broader market. Now worries about margin debt appear to be taking center stage. Yesterday, the New York Post highlighted that Ken Griffin's Citadel hedge fund has leverage of nearly 9x its investment capital. Today, bond king Jeff Gundlach warned "Watch how hard stocks roll over once margin debt crests for the cycle."

Anyone that has been in the market longer than the current bull run knows, margin cuts both ways.

Looking at sectors, biotech is leading the way lower with a 5.8% slide as represented by the iShares Nasdaq Biotechnology (NYSE: IBB). Meanwhile, the Global X Social Media Index ETF (NYSE: SOCL) is down 3.6%.

Individual names making big moves include: Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT) (-10.7%) FireEye, Inc. (NASDAQ: FEYE) (-10.9%), Workday, Inc. (NYSE: WDAY) (-9.4%), Yelp (NYSE: YELP) (-7%), Gilead Sciences (NASDAQ: GILD) (-6.7%), TripAdvisors (NASDAQ: TRIP) (-5.4%), Facebook (NASDAQ: FB) (-4.8%), Biogen Idec Inc. (NASDAQ: BIIB) (-4.8%), Tesla Motors, Inc. (NASDAQ: TSLA) (-4.5%), Netflix (NASDAQ: NFLX) (-4.4%), Biogen Idec Inc. (NASDAQ: BIIB) (-4.3%), The Priceline Group (Nasdaq: PCLN) (-3.9%), Amazon (NASDAQ: AMZN) (-3.7%), Google (NASDAQ: GOOG) (-3.6%), Celgene (NASDAQ: CELG) (-4.5%), Twitter (NYSE: TWTR) (-2.2%).


Nasdaq Turns Positive Apr 7, 2014 10:14AM

The Nasdaq is now in positive territory Monday. The S&P 500 and Dow Jones Industrial Average are still negative.


Nasdaq Composite falls 2.7%, heading for biggest drop since 2012 Apr 4, 2014 02:45PM

Nasdaq Composite falls 2.7%, heading for biggest drop since 2012


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