The Stocks Wall Street Is Watching
The following stocks may be
impacted due to significant news as noted:
The country’s second largest credit company,
Household International
(
HI |
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PowerRating), is to be acquired by HSBC in a stock deal
worth $14 billion, pricing its shares at $30 a piece.
Aerospace and defense company Honeywell
(
HON |
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Chart |
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PowerRating)
announced yesterday that its insurance may not cover an asbestos settlement. The
company has also been downgraded by Salomon Smith Barney to “underperform” from
“in-line”.
In the pharmaceutical business, Merck
(
MRK |
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News |
PowerRating)
is reported by the Wall Street Journal to be the target of a lawsuit from
West Virginia’s attorney general over drug costs and rebates. And Schering
Plough
(
SGP |
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PowerRating) announced that its chief executive officer will resign as
the company is under investigation by three U.S. government bodies.
Retailer Target
(
TGT |
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PowerRating) beat its
third-quarter earnings estimates by $0.02 with profits of $0.30 per share.
Software company Intuit
(
INTU |
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Chart |
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PowerRating) beat
its first-quarter estimates by $0.02 with profits of $0.09 a share.