Weekly Market Wrap: Stocks RALLY, Gold SPARKLES, Apple’s New Products REVEALED

As Greece elections are in play, the U.S markets recorded a solid week of action. The Dow Jones gained 212 points on the week to finish higher 1.7%. The S&P climbed 17 points to complete the week up 1.3%. And, the Nasdaq rumbled higher 14 points to finish the week up .5%. Here’s a daily breakdown of the most important highlights during the week’s action:


Markets closed down on Wall Street today:

Dow -1.14%, S&P -1.26%, Nasdaq -1.70%, Oil -3.22%, Gold +0.59%.

On the commodities front, Oil (NYSE:USO) declined to $81.42 a barrel. Precious metals rose, with Gold (NYSE:GLD) increasing to $1601 an ounce while Silver (NYSE:SLV) increased 0.12% to settle at $28.59.

Here’s your Cheat Sheet to today’s top stock stories:

News that Apple’s (NASDAQ:AAPL) MacBook Pro line won’t get quite the makeover that had been hoped for doesn’t seem to have dampened the mood ahead of the annual Worldwide Developers Conference, which kicked off today — at least, not for investors. Apple shares were up 1.25 percent less than an hour before the conference was scheduled to begin with a keynote address by CEO Tim Cook. However, shares fell with the pressure of the overall market wave to finished the day 1.58% lower.

Investing Insights: Meet Apple’s GORGEOUS New iPhone 5>>

Ampio Pharmaceuticals Inc. (NASDAQ:AMPE) shares jumped 11 percent. The company announced positive clinical trial results for Optina, its new diabetes-related drug.

IntegraMed America Inc. (NASDAQ:INMD) shares rose 21 percent. The company agreed in a cash deal to become private; it has been valued at about $169.5 million, according to MarketWatch. In an agreement with Sagard Capital Partners LP, shareholders will receive $14.05 per share–a 24 percent premium from IntegraMed’s closing price on Friday.

Centene Corp. (NYSE:CNC) shares dropped 26 percent after it cut its full-year earnings forecast. It noted higher-than-expected medical costs in Kentucky and Texas and from its Celtic business; the company could face another potential write-down.

EnergySolutions (NYSE:ES) saw its shares fall 54 percent after lowering its outlook for adjusted 2012 earnings before interest, taxes, depreciation and amortization to the $130 million to $140 million range; this is down from the previous $150 million to $160 million. The company also named director David Lockwood as the chief executive, reported MarketWatch.


Markets closed up on Wall Street today: Dow +1.31%, S&P +1.17%, Nasdaq +1.19%, Oil +0.12%, Gold -0.12%.

On the commodities front, Oil (NYSE:USO) rose to $83.38 a barrel. Precious metals declined, with Gold (NYSE:GLD) falling to $1,612 an ounce while Silver (NYSE:SLV) rose 0.30% to settle at $28.91.

Here’s your Cheat Sheet to today’s top stock stories:

Conservative talk show host Glenn Beck, who left Fox News (NASDAQ:NWSA) last year, is extending his contract with radio network partner, Clear Channel (NYSE:CCO). Beck reportedly signed a new five-year, $100 million extension with Premier Networks, a wholly-owned subsidiary of Clear Channel. And the deal is stirring up questions about whether Beck’s days at Sirius XM (NASDAQ:SIRI) may be numbered.

First Solar Inc.’s (NASDAQ:FSLR)  shares jumped more than 21 percent after the company said it would increase production to meet surprisingly high levels of demand in Germany. Reuters reported that First Solar will raise production at its German plants although they have been scheduled to close later in the year.

FactSet Resarch (NYSE:FDS)  dropped more than 12 percent after it reported a third quarter revenue decline greater than analysts’ estimates. This came as its financial industry clients slashed costs and laid off workers. With today’s share drop, it represented the greatest fall in two years, reported CNBC.

Zynga’s (NASDAQ:ZNGA) shares fell more than 10 percent on Tuesday as its user numbers declined and investors worried that the frenzy for games on Facebook may have peaked.  The company is having problems keeping gamers as they look to mobile phones for entertainment said analysts.

In after-hours trading, Dell Inc. (NASDAQ:DELL) announced plans to pay a quarterly dividend in its third fiscal quarter; they comes as an effort to raise shareholder value. Shares jumped three percent to $12.33.


Markets closed down on Wall Street today:

Dow -0.62%, S&P -0.70%, Nasdaq -0.86%, Oil -1.12%, Gold +.29%.

On the commodities front, Oil (NYSE:USO) declined to $82.38 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) rising to $1619 an ounce while Silver (NYSE:SLV) fell 0.23% to settle at $28.72.

Here’s your Cheat Sheet to today’s top stock stories:

Facebook (NASDAQ:FB) is being initiated into the public company life — and it’s an uphill battle. The stock has been annihilated since its IPO at $38. Anchor advertiser General Motors (NYSE:GM) publicly stated the ROI on Facebook ads sucked. A study was released showing brands get more value from free communications on Facebook versus paid advertisements.

What’s a public company to do in order to save the stock from more gutting? Hire a PR firm to create an Orwellian environment!

Featured Reading: Facebook Goes 1984 on Shareholders>>

Kit Digital Inc.’s (NASDAQ:KITD) stock jumped almost 19 percent. In a Securities and Exchange Commission filing, the company said that it is talking with numerous prospective buyers. It plans to report additional details soon.

A123 Systems’s (NASDAQ:AONE) shares fell 13 percent as it returned some of its 52 percent rise from Tuesday’s trading. It had announced the launch of a “breakthrough” lithium ion power cell called Nanophosphate EXT.

3D Systems Corp (NYSE:DDD) shares dropped 7.4 percent. On Tuesday, the company said it had planned to sell $100 million in new stock to fund acquisitions and manage its business.

Scotts Miracle-Gro (NYSE:SMG) saw its shares fall 6.6 percent. The company said late on Tuesday that it will fall short of its previous fiscal-year forecast . Its  sales growth momentum at its largest U.S. retail partners has dropped off.


Markets closed up on Wall Street today: Dow +1.24%, S&P +1.08%, Nasdaq +0.63%, Oil +0.56%, Gold +0.34%.

On the commodities front, Oil (NYSE:USO) rose to $97.97 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) increasing to $1625 an ounce while Silver (NYSE:SLV) fell 0.31% to settle at $28.63.

Here’s your Cheat Sheet to today’s top stock stories:

Nokia (NYSE:NOK) is drastically cutting staff numbers as the company burns through cash while trying to keep up with Apple (NASDAQ:AAPL) and Samsung, both of which have stolen some of the Finnish company’s market share in recent years. The phone maker announced plans to cut one in five jobs at its global cellphone business on Thursday as it warned that its phone business would post a deeper-than-expected loss in the second quarter due to tougher competition.

Dendreon Corp.’s (NASDAQ:DNDN) shares rose 6.2 percent after Wednesday’s 14 percent jump thanks to a Seattle Times report that the company has a partner to assist in marketing its European Provenge cancer therapy. Speculation has also been rising that the company may be a target for an acquisition.

Edwards Lifesciences’ (NYSE:EW) shares increased 6.3 percent after the company received news on Wednesday that it received U.S. Food and Drug Administration approval for the broad use of its Sapien transcatheter heart valve.

AOL Inc.’s (NYSE:AOL) shares dropped 5.7 percent after the company succeeded in a proxy battle with activist investor Starboard Value; it re-elected its entire slate of eight board members. Some investors would have been interested to see Starboard board members tackle some of AOL’s challenges such as Patch.com’s underperformance.

Credit Suisse Group AG ‘s (NYSE:CS) shares fell 9.4 percent after the Swiss National Bank suggested the company increase capital to get ready for an escalating euro-area crisis.


Markets closed up on Wall Street Friday: Dow +0.91%, S&P +1.03%, Nasdaq +1.29%, Oil +0.32%, Gold +0.54%.

On the commodities front, Oil (NYSE:USO) rose to $84.18 a barrel. Precious metals also rose, with Gold (NYSE:GLD) increasing to $1628 an ounce while Silver (NYSE:SLV) rose 0.27% to settle at $28.68.

Here’s your Cheat Sheet to Friday’s top stock stories:

Federal regulators wanted to know more about Facebook’s(NASDAQ:FB) mobile users and the company’s relationship with Zynga (NASDAQ:ZNGA) ahead of the former’s IPO, according to filings with the Securities and Exchange Commission. Facebook on Friday disclosed letters with the SEC that a back-and-forth correspondence on issues such as Facebook’s purchase of AOL (NYSE:AOL) patents from Microsoft (NASDAQ:MSFT) and its pending purchase of Instagram. Regulators also wanted information on how Mark Zuckerberg’s position as chief executive impacted the company.

Royal Bank of Scotland Group PLC’s (NYSE:RBS) shares gained nine percent. U.K. banks rose after a late Thursday speech by Chancellor George Osborne that said the Bank of England will start an emergency lending program where auctions of short-term sterling liquidity can be kept at any time. In addition, Osborne also said the Treasury will provide inexpensive funds to domestic banks if they increase lending to British consumers and companies.

YPF SA’s (NYSE:YPF) shares rose 12 percent after Mexican billionaire Carlos Slim said he had obtained an 8.4 percent position in Argentina’s largest oil and gas company.  Slim grabbed 6.59 percent of YPF’s stock (almost 25.9 million Class D shares) for $288 million, disclosed a YPF filing. An additional 1.77 percent (almost seven million shares) were also included in the deal.

Microsoft (NASDAQ:MSFT) shares increased 2.3 percent to close at $30.02; it was one of the Dow’s best performers on Friday. The company has supposedly agreed to buy business social-networking site Yammer for $1.2 billion, reported The Wall Street Journal after citing an unnamed source.

MicroVision Inc. (NASDAQ:MVIS) shares dropped 26 percent. The company said it planned to make a secondary public offering of common shares and warrants to buy common stock.