The Midday S&P 500 Is Bullish on Titanium Metals Corp.

By Anthony Shields Nov 12, 2012 3:25 pm

Despite a poor earnings report and an upcoming investigation by Harwood Feffer LLP, investors sense there is money to be made in Titanium Metals.

MINYANVILLE ORIGINAL The S&P 500 (INDEXSP:.INX) is up 2.65 points or .19% to 1,382.06 as of 2:35 p.m. EST today. Leading this gain is Titanium Metals Corp. (NYSE:TIE), which has increased a massive 42.44% to $16.48 per share as a result of its proposed acquisition by Precision Castparts Corp. (NYSE:PCP). Also up is Gilead Sciences (NASDAQ:GILD), which has risen 10.58% to $71.88 after announcing positive study results for its hepatitis C treatment. Today’s big loser is JC Penney (NYSE:JCP), which is down 11.63% to $18.23. The company is still losing profits on its road to restructuring.