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Market Wrap For May 14: Dow's Winning Streak Ends At Five Sessions
Wednesday, May 14, 2014 - 4:47pm | 2536U.S. stocks declined a day after the S&P 500 and Dow indices traded at record-high levels. Investors and traders were likely paying attention to the ten-year Treasury yield which hit 2.5258, the lowest level since late October. The bull market has paused, temporarily at least, until...
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Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
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Market Wrap For April 28: Apple Hits New 52-Week Highs In a Volatile Start To the Trading Week
Monday, April 28, 2014 - 4:34pm | 2080U.S. stocks ended the day mostly positive in a volatile trading session as the Nasdaq rebounded from a one percent decline, finishing the day almost flat. The Dow traded higher by as much as 138 points but still ended the day modestly higher as Pfizer's massive $100 billion takeover plans gave...
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Sterne Agee Sees 16% Upside for Actavis, Initiates Coverage
Wednesday, April 16, 2014 - 3:20pm | 81Shares of Actavis (NYSE: ACT) are up 2.3 percent to $198.42 in Wednesday's trading after Sterne Agee initiated coverage on the stock with a Buy rating and $230 price target. Analyst Shibani Malhotra sees upside “to the company's pro-revenue and synergy targets, and expects management to continue...
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Mergers And Acquisitions In 2014 (Thus Far)
Wednesday, February 26, 2014 - 12:59pm | 123Google (NASDAQ: GOOG) is on a bit of an acquisition spree, but it is far from the only company that is buying up startups and stalwarts this year. As most Benzinga readers are aware, Comcast and Time Warner Cable recently announced a massive merger. Actavis and Forest Laboratories announced a...
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Market Wrap For Febuary 20: S&P 500 Inches Closer To New Highs
Thursday, February 20, 2014 - 5:46pm | 3262U.S. stocks overcame mixed economic data and earning reports as the S&P 500 inches towards new all time highs and the Dow recorded an almost triple digit point gain. Jobless claims declined less than expected while consumer prices met expectations and rose slightly. Data from the...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Market Wrap For February 18: Dow Finishes Lower, Nasdaq Still Hot
Tuesday, February 18, 2014 - 5:47pm | 3229U.S. stocks traded mostly higher today despite a key measure of home builder confidence falling in February. The New York Fed's general business index also showed signs of vulnerability. Despite the weak economic data which is partially due to weather, the Nasdaq index rose for the eight...
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Top Trending Tickers On StockTwits For February 18
Tuesday, February 18, 2014 - 11:22am | 592Here's a look at the top tickers trending on StockTwits.com. Forest Laboratories and Actavis: Major merger Investors woke up to news reports that Actavis (NYSE: ACT) has agreed to acquire Forest Laboratories (NYSE: FRX) for $25 billion in cash and stock. Investors will receive $26.04 in cash and...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...
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Barron's Recap (3/23/13): World's Best CEOs
Sunday, March 24, 2013 - 1:12pm | 1115This weekend in Barron's online: the annual list of the best chief executives in the world, and the prospects for Darden Restaurants, Sarepta Therapeutics and Seacor Holdings. Cover Story "World's Best CEOs" by Andrew Bary. Barron's ninth annual list of the 30 best chief executives in the...
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Goldman Sachs and Others That May Beat Earnings
Tuesday, January 8, 2013 - 2:42pm | 823In this morning's Marketwatch alert on companies that may report earnings surprises for the fourth quarter, just three were expected to offer positive surprises. Goldman Sachs (NYSE: GS) was seen beating the consensus estimate by up to 18 percent. Forest Laboratories (NASDAQ: FRX) could turn in a...
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Earnings Expectations for the Week of October 15
Monday, October 15, 2012 - 6:54am | 1457The earnings crunch gets underway this week, with big names in the financial, technology, consumer goods and other sectors on tap to share their most recent quarterly results. Among those expected to post the biggest year-over-year gains in earnings are Abbott Labs (NYSE: ABT), BlackRock (NYSE: BLK...
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UPDATE: Citadel Initiates Coverage on Forest Laboratories
Monday, August 8, 2011 - 8:06am | 92Citadel Securities has published a report on Forest Laboratories (NYSE: FRX) initiating coverage on the medicine developer. In the report, Citadel wrote, "We believe Forest revenue growth from fiscal 2013 to fiscal 2016 will be dependent on successful launches of recently approved drugs Teflaro,...
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Forest Labs and Watson Pharma to Open Near 52-Week Highs
Thursday, June 23, 2011 - 8:44am | 288Forest Laboratories (NYSE: FRX) and Watson Pharmaceuticals (NYSE: WPI) reached new 52-week highs of $40.52 and $66.00 per share, respectively, in Wednesday's trading session. Forest Labs saw an upgrade from Argus and Duncan-Williams upgraded its price target on the stock to $45 in the wake of...