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Shares of Wowo Ltd ($WOWO) went public in April 2015 at $10 and sold a paltry 4M shares, then proceeded to trade lower, never really getting back above issue price at $10. They reported earnings today: they’re now 12% higher at $9.60, and finally may reward the shareholders who stuck…
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Shares of United Continetnal Holdings Inc. ($UAL), American Airlines ($AAL) and Southwest Airlines Co ($LUV) are all lower by 2% this morning as CNBC is reporting that several flights were threatened midflight. As I write, all of these flights have touched down, but shares of airlines were headed lower as…
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Shares of American Caresource Holdings, Inc. ($ANCI) are higher by 75% at mid-day trading today after naming a new COO to the team. Volume exploded to 400k so far today after averaging only 10k, and investors are asking – what is afoot? It’s rare that a stock moves like this…
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Online dating is a huge business, and if you follow this sector, you know that Jiayuan.com International Ltd. ($DATE) has doubled in price in 2015. The company has accomplished this by leveraging growing membership and a suitor that wants to take them private, sending a non-binding proposal letter from Vast Profit Holdings that involves…
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Are Market Highs Behind Us? Admittedly guilty of heralding a number of prior false positives, I nevertheless contend that we are on the cusp of a significant stock market high. Indeed, I believe there is a very good chance we may be looking at a completed top in the rear…
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Here's a look back at the last week in the markets... The Week in Major Indices S&P 500: -0.88% Russell 3000: -0.76% Russell 1000: -0.79% Russell 2000: -0.41% The Dow Jones Industrial Average: Find a different index to follow, they’re literally all better than this one. HUZZAH! The Week’s Big…
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The Dow Jones Industrial Average, the benchmark S&P 500, small-cap Russell 2000, and Nasdaq composite all fell last week but rallied for the month. The latest reading on U.S. Q1 GDP fell 0.7%, beating the government's estimate for a decline of 0.8%. Economists now believe that Q2 GDP will grow around 2%…
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First quarter GDP came in at -0.7%...pretty much in line with the Bloomberg Consensus estimate of -0.8%.   First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data made for a bigger negative…
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Russell D. Glass heads RDG Capital Fund and today made a bid for Rosetta Stone Inc. ($RST) sending shares higher by 20% in morning trading. His footprint made an impression on share price today when it became known he put RST in play. Heady traders know he was taught well…
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If you have yet to accept that the way we will pay for products in the future is soon going to change dramatically, it is time to do so. Similarly, if you are an investor, it is wise to watch some digital wallet stocks that are focused on the shift…
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Today’s revised first quarter GDP figures confirm that U.S. Trade flows have been a major drag on an historically weak recovery. The dramatically increased trade shortfall not only took its biggest bite out of the quarterly growth since the fourth quarter of 2002, but has slowed cumulative real economic growth by…
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One Horizon Group, Inc. ($OHGI) is up this morning after the company announced that its Chinese retail VoIP service Aishuo now supports all of the major Chinese mobile payment platforms – including China UnionPay, Alibaba's Alipay and Tencent's Wechat Wallet. It’s also available in over 25 smartphone app stores, and…
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