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Stocks to Watch: Applied Materials, AstraZeneca, Boeing, Pan American Silver, Verizon

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I always feel like somebody's watching me!

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Stocks to watch for Monday, May 15:

  • Alexion Pharmaceuticals (ALXN) announced company's Anti-C5 antibody effective in severe allergic asthma model.
  • Applied Materials (AMAT) in pact with Dainippon Screen to create a joint venture called Sokudo; AMAT to own 48% of Sokudo for ¥16.6bln.
  • AstraZeneca (AZN) agreed to buy Cambridge Antibody (CATG) for a 67% premium to Friday's close, valuing the British biotech at $1.3 billion.
  • Blockbuster (BBI) removed from focus list; but reiterate Overweight; BBI may not see enough value in purchasing HLYW and MOVI, says JPM.
  • Boeing (BA) has agreed to pay $615 million to end three years of Justice Department investigations into high-profile contracting scandals at the defense giant, according to a media report Monday
  • Healthsouth (HLSH) reported 1Q EPS ($1.06) on revenues of $792mln/ FC $795.11mln.
  • Inco LTD (N) raised its bid for Falconbridge (FAL) to C$19.6bln.
  • Pan American Silver (PAAS) upgraded to Sector Perform from Underperform at CIBC.
  • Qwest Communications (Q) Monday agreed to acquire OnFiber Communications for $107 million.
  • Semiconductor Mfg Intl'l. (SMI) said Wuhan, China govt will invest $1.5bln-$3bln to build a new fab in Hubei, China as part of an agreement between the government and SMI signed two months ago.
  • Silver Wheaton (SLW) transferred to the New York Stock Exchange from the American Stock Exchange as one new listing joined the NYSE in the past week.
  • Toyota (TM) announced the company is set to buyback up to 27 mln shrs at ¥6250/share.
  • Triquint (TQNT) upgraded to Outperform from Market Perform; check indicate improved near term outlook on increased trends in handsets and broadband, at Piper.
  • United Technologies (UTX) reported as a possible bidder for Enodis, maker of McDonald's kitchen equipment, the Sunday Times (of London) reported.
  • Viacom (VIA) MTV online music service Urge isn't compatible with AAPLs iPod service; Urge was developed with MSFT and works with MP3 players from Samsung, IRiver and other manufacturers - NYT.
  • Verizon (VZ) to acquire VODs 45% stake in VZW for $48bln and $8bln in assumed debt for total $56bln; deal could be announced as soon as VODs strategy briefing scheduled for the end of May - The Observer (UK).
  • Xstrata (XTA.L) is considering M&A deal with AngloAmerican PLC (AAUK) and Rio Tinto (RTP) - the Sunday Times (UK).



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