Stocks to Watch: Home Depot, Intel, Merck, MasterCard, Yahoo!
Keep these on your radar!
Stocks to watch for Friday, May 26:
- Anheuser-Busch (BUD) can sell its Budweiser brand in Hungary after a ruling by a Hungarian appeals court, the U.S. brewer said.
- Campbell Soup (CPB) board member John F. Brock resigned from his position, citing his commitments as president and chief executive officer of Coca-Cola Enterprises (KO).
- General Motors (GM) upgraded at Pru to overweight from neutral, saying the company's near term catalysts are likely more positive than negative.
- Goldman Sachs (GS) upgraded at UBS to buy from neutral
- Home Depot (HD) said shareholders rejected seven out of eight proxy proposals at the retailer's annual meeting, including giving investors an advisory vote on executive pay.
- Intel's (INTC) CEO said the company is sticking with its brighter chip-demand forecast for the second half, despite stiff competition from rival AMD.
- MasterCard's (MA) initial offering made a strong debut on the NYSE as investors bet on the company's long-term prospects.
- Merrill Lynch (MER) upgraded at Wachovia to outperform from market perform citing late sell off and elimination of substantial goodwill
- McDonald's (MCD) has prepared an advertising campaign to reassure customers that its chicken is safe should there ever be an avian-flu outbreak in the U.S.
- Merck (MRK) Co announces that the FDA has approved its vaccine Zostavax for prevention of herpes zoster in individuals 60 years of age and older.
- Mittal Steel (MT) is seeing resistence to their hostile bid for steelmaker Arcelor SA. Arcelor said Friday it reached a deal that would give it a controlling stake in Russia's largest steelmaker Severstal and $1.59 billion in cash in exchange for 32 percent of Arcelor.
- Nintendo said its full-year net profit rose 13% as robust sales of handheld devices offset shrinking sales of videogame consoles.
- Toll Brothers (TOL) posted a 2.8% rise in net but slashed its 2006 forecast amid slow sales and big inventories as some housing markets cool.
- Yahoo! (YHOO) and eBay (EBAY) unveiled a partnership under which eBay will display ads brokered by Yahoo on its U.S. auction site.
- Asian trading finished higher with the Hang Seng climbing +1.26% and the Nikkei adding +1.77%.
- A quick check of the European bourses finds the CAC +0.64%, DAX +0.61% and FTSE +0.80%.
- Crude oil is trading +0.18 to 71.50 while gold is +5.0 to 653.5 this morning. For their part, stateside futes are above fair value.
THIS CONTENT IS FOR EDUCATIONAL PURPOSES AND IS NOT INTENDED AS ADVICE.
Minyanville contributors may trade securities that are discussed on the site, both before and after the articles are published and/or may have a position in such securities for either personal or firm account(s). Minyanville contributors will indicate whether he or the firm has a position in stocks or other securities in any of the companies he discusses in an article. He will not disclose his or the firm's ownership of any securities issued by companies that are not discussed in an article. The disclosures will be accurate as of the time of publication of an article and may change at any time thereafter without notice to the reader.
The information on this website reflects an analysis of market conditions by Minyanville contributors and should not be interpreted as or deemed to be a recommendation to any investor or category of investors to purchase, sell or hold any security. Any investment decisions must in all cases be made by the reader or by his or her investment adviser. Minyanville contributors will not respond to requests for individual and specific investment advice.
The views expressed on this website are solely those of the writers whose articles appear on this site and do not necessarily reflect the views of the Fund or of any other person except where expressly indicated.
Copyright 2006 Minyanville Publishing and Multimedia, LLC. All Rights Reserved.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter