Next year is an election year. There is little chance of a big tax increase, or a government shutdown or debt crisis.» Read More
Genetic testing equipment maker Life Technologies has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific, in one of the year's biggest corporate takeovers.
Some of the names on the move ahead of the open.
Based on a proprietary algorithm from Chartlab Pro, here are the 10 most overbought stocks in the market right now.
*McKesson reports Q2 adj EPS $1.92 vs est $1.78. Oct 25- U.S. drug wholesaler McKesson Corp struck a deal to buy medical products distributor PSS World Medical for $1.46 billion to boost scale and margins in its surgical devices supply business as medical procedure volumes fall.
Oct 24- Thermo Fisher Scientific raised its full-year forecast for the second time this year as the world's largest laboratory equipment maker benefited from its presence in Asia, even as the weak U.S. and European economies dragged on its competitors.
WALTHAM, Mass.-- Thermo Fisher Scientific Inc.' s third-quarter earnings climbed 9 percent, helped by revenue growth in key segments, and the scientific instrument and laboratory supply maker raised its forecast for 2012.. The Waltham, Mass., company said Wednesday it earned $290.4 million, or 79 cents per share, in the three months that ended Sept. 29.
Stocks that could fare better with a Republican in the White House have bounced in the past week, just as Mitt Romney has done in the polls.
Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.
Oct 5- Thermo Fisher Scientific Inc:. *Wells Fargo Securities raises Thermo Fisher Scientific Inc to. Reuters Station users, click. 1568.
*Debt financing soars among larger medical device makers By Susan Kelly. CHICAGO, Oct 1- Venture capitalists, long the lifeblood of medical technology firms, are growing cautious on the sector after seeing their returns squeezed in a time of growing cost pressures for healthcare, a report by Ernst& Young said.
Take a look at some of Monday’s morning movers:
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Despite a failed attempt at the end of Friday's session to close the week out on a positive note, stocks finished higher on some tepid signs of recovery for the US economy.
Stocks ended higher despite mostly weak economic news and falling oil prices as LinkedIn became the first major U.S. social networking company to go public in a soaring debut.
Stocks traded modestly higher amid weak economic news, falling oil prices, and a strong debut for LinkedIn's initial public offering.
Stocks turned lower after several surprisingly weak economic reports and despite a strong debut for LinkedIn's initial public offering.
What follows is a roundup of corporate earnings reports for Wednesday, April 27.
Japan's nuclear crisis could give added business to a company already doing "incredibly well."
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 2.
Stocks trimmed gains and turned mixed amid light volume Monday as retailers, and technology stocks slipped amid a market generally gaining support from M&A activity and as the market awaited word out of Washington on extending the Bush-era tax cuts. Caterpillar and Chevron rose, while HP fell.