Is Google’s New Software A Threat To Microsoft?
Stocks are higher on merger news. China’s
CNPC International will acquire PetroKazakhstan [
(
PKZ |
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PowerRating) for
$55/share and OSI Pharmaceuticals
(
OSIP |
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(
EYET |
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PowerRating) for $935
million or $20/share.
Merck
(
MRK |
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is in focus after a jury on Friday found the company liable for the death of a
man who used the recalled painkiller Vioxx. MRK is trading down 2%.
Strong sectors are: Natural Gas
(
XNG |
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PowerRating)
+1.08% Semis
(
SOX |
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PowerRating)
+1.15% Oil
(
OIX |
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PowerRating)
+0.98%
Weak sectors are: Internet
(
ECM |
Quote |
Chart |
News |
PowerRating) +0.51%
| Dow | +55.25 | 10,614.64 |
| Nasdaq | +9.02 | 2144.58 |
| S&P 500 | +7.32 | 127.03 |
Stocks in the news:
Archer Daniels Midland
(
ADM |
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PowerRating) was upgraded at Citigroup, to buy, with a new price target of $26.
Google
(
GOOG |
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PowerRating) will release Sidebar on its Desktop 2, new
software that gives users customized information such as weather, news and stock
quotes. The software mirrors some Microsoft Windows functions
JM Smucker
(
SJM |
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PowerRating)
missed by 0.12.
Men’s Wearhouse
(
MW |
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PowerRating) was upgraded to buy at Legg Mason.
Brice Wightman