S&P 500 1,904.01 17.25
Gold$1,224.80 $5.30
Nasdaq 4,316.07 57.63
Crude Oil $60,490.00      $-1570.00
Market Update

Wall Street Indexes Extend Gains, IBM in Focus
Oct 20, 3:19 PM ET 
Market indexes on Wall Street continued steady advance and tech stocks led the gainers. IBM finalized the deal to sell its loss making chip manufacturing unit and pay $1.5 billion, which accounted for less than 3% of its sales.
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IBM Net Plunges and Sells Chip Unit, Macquarie Buys Cleco for $4.7 B
Oct 20, 12:34 PM ET 
GLOBALFOUNDRIES agreed to acquire microelectronics business from IBM. Halliburton net surged 70%. Hasbro profit soared 43%. IBM net tumbled 99.6%. Macquarie Infra agreed to buy Cleco Corp for $4.7 billion. Valeant Pharma net swung to profit. VF Corp net jumped 8%.
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STOCK MOVERS

U.S. Movers: Halliburton, Hasbro, IBM, Macquarie Infra, Valeant Pharma
Oct 20, 12:35 PM ET 
GLOBALFOUNDRIES agreed to acquire microelectronics business from IBM. Halliburton net surged 70%. Hasbro ...
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U.S. Movers: American Express, BB&T, Baxter, eBay, GS, UnitedHealth
Oct 16, 1:04 PM ET 
American Express net climbed 8%. Baker Hughes profit soared 10%. BB&T net surged 94% but revenues fell 2%...
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U.S. Movers: Citigroup, Domino's Pizza, JNJ, JPMorgan, Wells Fargo
Oct 14, 12:51 PM ET 
Citigroup net jumped 6% on 10% increase in revenues. Domino''s Pizza profit surged 16% after same store s...
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U.S. Movers: BNY Mellon, GE, Google, Honeywell, Morgan Stanley, M&T Bank
Oct 17, 12:33 PM ET 
BNY Mellon net soared 11%. GE profit jumped 11%. Google net declined 5% but revenues soared 20%. Honeywel...
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U.S. Movers: Danaher, General Electric, Steris, Targa Resources
U.S. Movers: AbbVie, Bank of America, BlackRock, Intel, KeyCorp, Qualcomm
U.S. Movers: Barracuda, Fastenal, Family Dollar, Microchip, Symantec
U.S. Movers: Alcoa, Auxilium Pharma, Gap, Impax Lab, Lindsay, PepsiCo
U.S. Movers: Blackhawk Network, Costco, Monsanto, RPM Intl, Yum! Brands
U.S. Movers: AGCO, HP, Intl Speedway, Occidental Petroleum, Team

EARNINGS CALLS TRANSCRIPTS

Apple Fiscal Third Quarter Earnings Call Highlights
Jul 30, 3:28 AM ET>
Apple Inc said third quarter revenues increased 23% to $35 billion and earnings jumped 21% to $8.8 billio...
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lululemon athletica First Quarter Earnings Call Highlight
Jun 13, 9:01 AM ET>
The expensive apparel retailer lululemon athletica said first quarter revenues rose 53% to $285.7 million...
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Dollar General Earnings Call Highlights
Lowe’s First Quarter Earnings Call Highlights
Home Depot First Quarter Earnings Call Highlights
Visa Inc. Second Quarter Earnings Call Highlights
MasterCard Inc First Quarter Earnings Call Highlights
Mutual funds Q&A

Natural Gas, Natural Advantage
Hennessy Gas Utility Index Fund
Winsor H. (Skip) Aylesworth
Rising supplies for natural gas, along with low and stable pricing, should lead to increased demand and s...

Durable Global Small Caps
William Blair Global Small Cap Growth Fund
Matthew A. Litfin , Andrew G. Flynn
We believe the market is inefficient in distinguishing between an average growth and a quality growth com...

Systematic Approach to Long-Short Investing
Invesco Long-Short Equity Fund
Ken Masse
The management team’s systematic investment process identifies long and short candidates with equal convi...
MANAGEMENT TALK Q&A

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...

Evolving the Alternative Landscape
Dick Pfister
We provide access and we monitor alternative investment managers. This provides comfort to the investment...
Hennessy Gas Utility Index Fund
Winsor H. (Skip) Aylesworth
Rising supplies for natural gas, along with low and stable pricing, should lead to increased demand and should be beneficial for the stock prices for this set of companies.
William Blair Global Small Cap Growth Fund
Matthew A. Litfin
We believe the market is inefficient in distinguishing between an average growth and a quality growth company so what we are looking for is earnings growth that will be faster than or more durable than market expectations.
Invesco Long-Short Equity Fund
Ken Masse
The management team’s systematic investment process identifies long and short candidates with equal conviction, while dynamically adjusting net exposure based on a proprietary market risk forecast.
Prudential Real Assets Fund
Edward L. Campbell
We saw that during the decade to 2010 the collection of assets that we refer to as real assets did incredibly well and there was hardly any inflation over that time period.
Clearbridge Special Investment Trust
Albert Grosman
The core belief is that the value of a corporation and the price of a stock can and do diverge under certain conditions but over time they converge. With patience, discipline and a long-term horizon we can profit from those situations where price lags valuation.










ECONOMIC CALENDAR

INDUSTRY DATE TIME
Housing Starts 2014-10-17 8:30 AM
Jobless Claims 2014-10-16 8:30 AM
Industrial Production 2014-10-16 10:00 AM
EIA Petroleum Status Report 2014-10-16 10:30 AM
Retail Sales 2014-10-15 8:30 AM
Business Inventories 2014-10-15 10:00 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc