Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: Bed Bath & Beyond, Merck, Monsanto


Friday's top stories and stocks with potential to move...


Stocks to watch for Friday, January 4, 2007:

  • Bed Bath & Beyond (BBBY) reported 3Q net income of $138.2 mln, or 52 cents a share, compared with $142.4 mln or 50 cents a share a year earlier. Net sales rose 11% to $1.79 billion from $1.62 billion. Same-store sales rose 0.8% in the latest quarter, compared with a rise of 4.6% a year earlier. Gross margin fell to 41.67% from 43.48%.
  • Boeing (BA) said that in 2007 it sold a record 1,413 commercial jets while delivering 441 planes. The top seller was the 737 single aisle model followed by the larger 787 Dreamliner.
  • Intel (INTC) has broken off its alliance with the nonprofit One Laptop Per Child, aimed at selling millions of low cost computers to developing nations. The company and OLPC had argued over Intel's marketing of its own low cost laptops to the same countries the nonprofit was targeting.
  • Merck (MRK) has agreed with Addex Pharmaceuticals to develop a drug candidate for schizophrenia. MRK will pay Addex up to $702 mln in cash plus royalties under the deal. Merck is licensing ADX63365, an orally available drug candidate for the potential treatment of schizophrenia and other undisclosed indications, according to the Wall Street Journal.
  • Monsanto (MON) yesterday reported quarterly sales rose 36% to $2.1 bln on strong Latin American demand for its Roundup herbicide and seed-trait products. Shares jumped 8.5% in yesterday's trading to close up $9.45 to $120.92.
  • Sanofi-Aventis (SNY) plans to fight charges that it hid the side-effects of its anti-obesity drug Acomplia. According to Reuters, on June 13 an advisory committee said the U.S. Food and Drug Administration (FDA) should reject the proposed pill, called Zimulti in the United States, because of concerns it could increase suicidal thinking and depression.

Market Recap

  • Asian trading closed with the Hang Seng +2.35%, Sensex +1.68%, Taiwan -1.22% and Shanghai +0.78%.
  • A quick check towards Europe finds the CAC -0.09, DAX -0.36%, FTSE +0.53%, ATX +0.96%, Swiss Mkt. +0.01% and Stockholm -1.06%.
  • Crude oil is trading lower -0.20 to 98.98 and gold is also dropping -7.3 to 861.8 this morning.
< Previous
  • 1
Next >

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.

Featured Videos