TradingMarkets’ 10 Stocks You Need To Know About Today
Adobe
(
ADBE |
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PowerRating) beat by a penny, ex-items and beat on revenues, but
guidance was a disppointment.
KB Homes
(
KBH |
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PowerRating) beat by 0.28 and raised 2005 guidance; revenues were
in-line. Sales jumped nearly 80%.
FedEx
(
FDX |
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PowerRating) was mentioned positively in Business Week.
Circuit City
(
CC |
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PowerRating) reported a loss of 0.07, wider than expected.
Wachovia downgraded Goldman Sachs
(
GS |
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PowerRating) to market perform from
outperform
Genentech
(
DNA |
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PowerRating) is buying a plant in San Francisco from
Biogen Idec
(
BIIB |
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PowerRating). Price tag: $408 million. The plant was built to
manufacture the recalled drug Tysabri.
An FDA advisory committee recommended NitroMed’s
(
NTMD |
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PowerRating) heat drug
for African Americans be approved.Â
Bank of America
(
BAC |
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PowerRating) is acquiring a 9% stake in China
Construction Bank for $2.5 billion. IT is the largest single investment to
date in the Chinese banking sector. The company plans to sell shares to the
public later this year.