TradingMarkets’ 9 Stocks You Need To Know About Today
Market Movers
Sears
(
S |
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PowerRating) and KMart
(
KMRT |
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PowerRating) are merging! The $11 billion
deal will create a combined company called Sears Holdings, which will be the #3
US retailer, expected to generate $55 billion annual
revenues. Kmart stockholders will receive one share
of new Sears Holdings common stock for each Kmart share. Sears shareholders can
choose between $50 in cash or 0.5 of a share of Sears Holdings for each Sears
share.
Hewlett Packard
(HPQ)
beat by 0.04 and beat on revenues. The company said profits rose 27%.
Network Appliance
(NTAP)
beat by 0.02 but was light on revenues.
Motorola
(
MOT |
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PowerRating) said handset sales will grow faster in 2005.
Google (GOOG)
had 39.1 million shares unlocked and available for sale yesterday. The lockup
expiration more than doubles the shares available to trade. Over the next three
months, 277 million more shares will become eligible to trade.
SBC Communications
(
SBC |
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PowerRating) inked a $400 million deal with Microsoft for next generation TV services.
Applied Materials
(
AMAT |
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PowerRating) reports after the close. Estimates are
0.26.
Medtronic
(
MDT |
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News |
PowerRating) reports after the close. Estimates are 0.45.