S&P 500 2,107.39 -13.40
Gold$1,224.80 $5.30
Nasdaq 5,070.03 -27.95
Crude Oil $60,490.00      $-1570.00
Market Update

U.S. Economy Swings to Contraction on Second Estimate, Soft World Markets
May 29, 1:42 PM ET 
Indexes on Wall Street rebounded from the near 1% decline in late morning and the U.S. government downwardly revised its economic growth assessment. Resurgent dollar and unusually cold weather played key roles in the revised estimate. European markets struggled on mixed messages on Greek talks.
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GameStop Soars on Outlook, Ulta Salon Net Jumps 34%
May 29, 1:00 PM ET 
Equinix agreed to acquire the U.K.-based rival Telecity for $3.6 billion. Intel may acquire Altera for $15 billion. Big Lots net surged more than eight-fold. Genesco net plunged 29%. GameStop soared 9%. Splunk net loss widened. Ulta Salon profit surged 34%.
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STOCK MOVERS

U.S. Movers: Equinix, Intel, Big Lots, Genesco, GameStop, Splunk, Ulta Salon
May 29, 1:01 PM ET 
Equinix agreed to acquire the U.K.-based rival Telecity for $3.6 billion. Intel may acquire Altera for $1...
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U.S. Movers: Avago, CA, Costco, Copart, McDonald's, Palo Alto, Signet
May 28, 1:13 PM ET 
Avago agreed to acquire Broadcom for $37 billion. CA agreed to acquire Rally Software for $480 million. A...
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U.S. Movers: Chico's, DSW, Movado, Michael Kors Tiffany, Workday
May 27, 11:57 AM ET 
Brown Shoe net soared 25%. Chico''''s net jumped 5%. DSW profit surged 23%. Hormel Foods agreed to acquir...
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U.S. Movers: Charter Communications, EMC, 58.com, AutoZone, Nevada Gold
May 26, 12:27 PM ET 
Charter Communications agreed to acquire Time Warner Cable Inc for $55.1 billion and assume debt. EMC agr...
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U.S. Movers: ANN, Brocade, Campbell Soup, Deere, Foot Locker, Gap, HP, Intuit
U.S. Movers: Best Buy, CVS Health, Cato, Dollar Tree, L Brands, Salesforce
U.S. Movers: American Eagle, Analog Devices, Autodesk, Heico, Target, Lowe’s
U.S. Movers: Agilent, Boeing, Colfax, Home Depot, TJX, Whirlpool, Wal-Mart
U.S. Movers: Ascena Retail, Par Pharmaceutical, Elbit Systems, W.P. Carey
U.S. Movers: Arista, Applied Materials, Dillard's, Nordstrom, Symantec
Mutual funds Q&A

Exceeding Analyst Expectations
PNC Large Cap Growth Fund
Douglas J. Roman
“We believe that earnings drive stock prices, and that it is critical to have a strict, disciplined proce...

Sustainable Earnings Growers
Fidelity Blue Chip Growth Fund
Sonu Kalra
“Ultimately, we want companies that possess superior business models in healthy industries that maintain ...

Gold Exposure Through Miners
OCM Gold Fund
Gregory Orrell
“We are currently at a stage where a lot of hard work has been done for these mining companies. They have...
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...
PNC Large Cap Growth Fund
Douglas J. Roman
“We believe that earnings drive stock prices, and that it is critical to have a strict, disciplined process that focuses on earnings, one that does not permit subjective or behavioral factors to influence our stock picking. Our primary investment goal is to find stocks that outperform the index and exceed analyst expectations.”
Fidelity Blue Chip Growth Fund
Sonu Kalra
“Ultimately, we want companies that possess superior business models in healthy industries that maintain strong competitive position and require low levels of capital intensity, and demonstrate strong returns over time.”
OCM Gold Fund
Gregory Orrell
“We are currently at a stage where a lot of hard work has been done for these mining companies. They have taken the write-offs and lowered their cost structures as the gold price has come down. And, now these miners are in a position to reap the rewards from a rise in gold prices.”
Federated Kaufmann Small Cap Fund
Jordan Stuart
“If there is one theme in our approach, it is to find the companies that are approaching an inflection point, one that can turn the business in a positive fashion, permit it to grow through innovation, through investment, and create value for shareholders.”
MainStay High Yield Corporate Bond Fund
Andrew Susser
“We are not indexers, although we are aware of the index. Rather, we are credit pickers that spend a lot of time getting to know the companies we invest in, and we view ourselves as lenders to the companies we invest in.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Gross Domestic Product [GDP] 2015-05-29 8:30 AM
Jobless Claims 2015-05-28 8:30 AM
EIA Petroleum Status Report 2015-05-28 10:30 AM
Durable Goods Orders 2015-05-26 8:30 AM
New Home Sales 2015-05-26 10:00 AM
Consumer Price Index 2015-05-22 8:30 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc