The Hot Stock: Merck Gains 5.8%


Source: Blogs Barrons Stocks To WatchShares of Merck (MRK) topped the S&P 500 on Tuesday, helped by upbeat trial results. Merck climbed $3.41, or 5.8%, to $62.07. The S&P 500 slipped 9.82 points, or 0.35%, to 2776.42.Merck said that its blockbuster cancer drug Keytruda performed well  in conjunction with two other chemotherapy drugs in lung cancer patients.Merck has … [Read more...]

The Biggest Loser: Under Armour Sinks 8.7%


Source: Blogs Barrons Stocks To WatchShares of Under Armour (UAA) sank to the bottom of the S&P 500 on Tuesday, hurt by a downgrade. Class A shares of Under Armour fell $1.31, or 8.7%, to $13.81, while its Class C shares lost $1.66, or 11.7%, to $12.48. The S&P 500 slipped 9.82 points, or 0.35%, to 2776.42. They were the two worst performers in the index. Macquarie's … [Read more...]

Poisoned Pill: Avis Tumbles Following Efforts to Block Activist, Guidance


Source: Blogs Barrons Stocks To WatchRental car shares skidded today after Avis Budget Group (CAR) adopted a poison pill rights plan, to block the activist demands of its largest shareholder, and warned that Avis expects "ongoing headwinds in 2018." Share of Avis are down 11% at $43.50, while those of arch-rival Hertz Global Holdings (HTZ) are down 13% to $21.35.It's the second … [Read more...]

That Healthy Glow: UnitedHealth Gains on Guidance


Source: Blogs Barrons Stocks To Watch UnitedHealth Group (UNH) offered robust earnings and guidance today, leading to a very healthy gain.UnitedHealth topped earnings forecasts--it reported a profit of $2.59 a share, above expectations for $2.51, on sales of $52.1 billion, ahead of the analyst consensus of $51 billion. But as we noted last week, the real action was in the 2018 … [Read more...]

Things Are Revving Up at General Motors


Source: Blogs Barrons Stocks To WatchShares of General Motors (GM) are trading higher after the company's upbeat 2018 guidance.GM said that it expects 2017 earnings per share to come in at the high end of its previous $6 to $6.50 range, above the $6.32 consensus. It said that 2018 results will be in-line with 2017, citing strength  in North America and China, as well as … [Read more...]

Boeing: You Ain’t Seen Nothing Yet


Source: Blogs Barrons Stocks To Watch Boeing (BA) was the best performing Dow stock in 2017, and analysts are optimistic that it can keep rallying this year, helped by catalysts like lower taxes and aircraft production. The company will report earnings at the end of the month, and B. Riley's Peter Arment and Asher Carey think that the company's ongoing execution, along with the … [Read more...]

All Good Things Must Come to an End: Dow Drops 70 Points as Gravity Restored


Source: Blogs Barrons Stocks To WatchWell, it was nice while it lasted. Stocks logged a record surge at the end of last week, and that euphoria carried over to this morning, with stocks climbing just because.However, all that changed this afternoon, and at 2:35, the Dow Jones Industrial Average was off 76 points, or 0.3%, the S&P 500 down 0.6%, and the Nasdaq off 0.7%.So … [Read more...]

Analyst Shifts on Gold Miners: Goldcorp Upgraded, Newmont Downgraded


Source: Blogs Barrons Stocks To Watch Credit Suisse has upgraded shares of  Goldcorp (GG), a gold-mining stock that Barron's touted in a recent feature article.But Deutsche Bank has downgraded Goldcorp's larger competitor,  Newmont Mining (NEM), another stock favorably mentioned in the same Barron's piece.On Tuesday morning, Credit Suisse analysts upgraded Goldcorp to … [Read more...]

Is This What They Mean by Euphoria? Dow Gains 165 Points as Everything Is Awesome


Source: Blogs Barrons Stocks To WatchIn a column this weekend, I observed, with tongue planted firmly in cheek, that the market is on pace to triple this year. And while we all know that's not going to happen, it sure seems as if investors are giving it the old college try.The Standard & Poor's 500 has advanced 0.3%, to 2794.39, while the Nasdaq Composite has risen 0.4%, to … [Read more...]

When Good Markets Go Bad: Dow Goes From Up 280 to Down 10 as Euphoria Turns to Woe


Source: Blogs Barrons Stocks To WatchAn early rally that hinted at euphoria evaporated as the major market index finished the day in negative territory.The S&P 500 fell 0.4% to 2776.42 today, while the Dow Jones Industrial Average dipped 10.33 points to 25792.86. The Nasdaq Composite dropped 0.5% to 7223.69. The Dow had been up as much as 282.93 points, or 1.1%, before … [Read more...]