And That Was the Week That Was - 7/13/15 to 7/17/15

Joel Anderson |

The Week in Major Indices

S&P 500: +1.68%

Russell 3000: +1.45%

Russell 1000: +1.53%

Russell 2000: +0.62%

The Dow Jones Industrial Average: Find a different index to follow, they’re literally all better than this one.

HUZZAH! The Week’s Big Winners

Mega-Cap Stock: Google (GOOG) – 26.94%

Large-Cap Stock: Markwest Energy Partners (MWE) – 14.31%

Mid-Cap Stock: Anacor Pharmaceuticals (ANAC) – 71.92%

Small-Cap Stock: Zogenix (ZGNX) – 39.29%

OUCH! The Week’s Big Losers

Mega-Cap Stock: Wal-Mart (WMT) – 0.37% GAIN

Large-Cap Stock: Pioneer Natural Resources (PXD) – 4.54%

Mid-Cap  Stock: MPLX (MPLX) – 19.49%

Small-Cap Stock: 6D Global Technologies ($SIXD) – 63.77%

Top Stories of the Week

I Did Get Germany to Pay for Lunch, so That’s Something

Alexis Tsipras was elected in January, running on the idea that it was time for Greece to stand up to its creditors. Tsipras and his far left Syriza party were ready to push back against the harsh austerity measure foisted upon his country. And so, for six months, Tsipras walked the walk. His finance minister, Yanis Varoufakis, was young and talked trash with the old fuddy-duddies of the ECB and IMF. Tsipras ruffled feathers and refused to be silent, sure that he could show the nations of the Euro Zone that Greece wasn’t just going to accept the deal they were laying out.

And then, six months later, Tsipras accepted the deal the Euro Zone was laying out.

That’s right, after six months of posturing and puffery, Tsipras ultimately had to return to the Greek parliament, hat in hand, and insist that staying in the Euro was important enough that they had to accept the deal as offered. This week saw the last piece fall into place, as Germany’s parliament approved the deal in question, making the entire episode start to feel a touch pointless in the end.

If it Happened on the 15th, which is Divisible by 3 AND 5, I’m Not Sure How We Can Call it Prime Day

Amazon (AMZN) decided they wanted to distance themselves even further from traditional retail this summer. Beyond Black Friday or even Cyber Monday, Amazon launched Prime Day on July 15th, a series of sales meant to bring in a major mid-summer jump in sales. Making the sales available only to members of its Amazon Prime service, the company also hoped to recruit more people to the $99 a year membership.

Traditional retail did not take it laying down, though, with Wal-Mart (WMT) in particular offering up its own sales in response. At the end of the (prime) day, Amazon saw mockery on social media (which seems to be associated with any attempt to do anything, so it’s hard to read too much into it), but ultimately appeared to get enough response to seriously consider making it an annual event.

This Kind of Feels Empty without Someone’s Embassy Getting Stormed

Probably the biggest news of the week was the proposed nuclear deal with Iran that was released on Tuesday.

From there, one didn’t even really need to read the details to know what happened next. Benjamin Netanyahu and Congressional Republicans slammed the deal, insisting that it would essentially result in the Nuclear Holocaust within an hour of it going into effect.

There appears to be a long slog to get the deal through Congress, but one that should ultimately end well for Obama. Blocking the deal will require a resolution that Obama can veto, meaning Republicans will need to override that veto, something they don’t appear to have the votes to pull off.

Unreliable Information about Twitter Surprisingly Not Coming from Twitter

Every once in a while, things happen that demonstrate that the markets are not as rational as we would all like to think. Like when defunct Massachusetts retailer Tweeter saw its stock skyrocket some 700% in 2013 after traders clearly confused their ticker, TWTRQ, for that of Twitter, Inc. (TWTR) .

Well, Twitter, a company built on helping people share poorly researched and unconfirmed information, saw a fake Bloomberg article about potential buyout offers send shares jumping 7%.

Unlike the Tweeter story, which was mostly just funny, there are darker undertones here. The fake story was quite sophisticated in its mimicry of Bloomberg’s branding, making it appear as though unscrupulous traders took time building it in order to benefit from the chaos that would follow.

Google Has Good Earnings Report, Increases its Value by About One Greek Bailout

Shares of Google (GOOG) gained some 15% on Friday following a solid earnings report that showed increased revenues as well as a promise to continue cutting costs. The jump was a massive one, considering Google’s size. It means that Google essentially increased in value by about $50 billion overnight.

For scale, the following companies are worth less than $50 billion: FedEx (FDX) , General Motors (GM) , DIRECTV (DTV) , and Deutsche Bank (DB) .

Featured on Equities.com this week…

5 Small-Cap Oil Stocks with Hedges to Survive a Post-Iran Deal Glutby Joel Anderson

Jeff Kagan: For Shoppers, Amazon.com Prime Day was a Flopby Jeff Kagan

As Sam Sees It: How Investors Can Avoid Overpaying for Growth by Sam Stovall

Know Your Next President: A Guide to the 2016 Election Candidatesby Ryan Bhandari

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
WMT Wal-Mart Stores Inc. 70.60 0.74 1.06 6,966,249
TWTR Twitter Inc. 19.48 1.25 6.86 32,188,576
AMZN Amazon.com Inc. 770.42 5.70 0.75 3,684,906
DB Deutsche Bank AG 18.67 0.38 2.08 19,456,496
GM General Motors Company 36.30 1.23 3.51 26,622,378
GOOG Alphabet Inc. 771.19 12.08 1.59 1,760,966
FDX FedEx Corporation 196.52 3.19 1.65 1,886,138

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