Stocks Crossing 50-Day SMA 11/12: (CIM) (IDIX) (SHW) Above; (LUK) (DHI) (CVS) Below
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Crossing and above:
Crossing and below:
- Chimera Investment Corp. (NYSE: CIM) - up 7.5 percent. Could be popping as Annaly Capital (NYSE: NLY) made a $12.50 per share bid for the rest of Crexus Investment (NYSE: CXS) it doesn't already own.
- Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) - up 11.0 percent. Presented safety and antiviral activity results for the Company's clinical-stage hepatitis C virus (HCV) drug candidates – IDX719, a next-generation pan-genotypic NS5A inhibitor, and IDX184, a nucleotide polymerase inhibitor. Idenix presented updated clinical findings from a three-day proof-of-concept study, which demonstrated that IDX719 was well-tolerated at daily doses up to 100 mg and showed potent antiviral activity across HCV genotypes 1-4, with mean maximal viral load reductions up to approximately 4.0 log10 IU/mL.
- Sherwin-Williams Company (NYSE: SHW) - up 7.5 percent. Moved to acquire Consorcio Comex, S.A. de C.V. in a $2.34 billion deal.
Crossing and below:
- Leucadia National Corp. (NYSE: LUK) - down 4.5 percent. Entered an agreement to acquire the rest of Jefferies Group (NYSE: JEF) for about $2.8 billion. Investors are reacting to the news today.
- D.R. Horton, Inc. (NYSE: DHI) - down 3.2 percent. .Investors selling the news today. D.R. reported a 2 cent EPS beat, though revs were light. Orders rose 24 percent while the value of those orders was up 35 percent. The Company’s sales order backlog of homes under contract at September 30, 2012 increased 49% to 7,240 homes from 4,854 homes at September 30, 2011. The value of the backlog increased 61% to $1.7 billion at September 30, 2012 from $1.0 billion a year ago.
- CVS Caremark (NYSE: CVS) - down 0.2 percent. Modestly lower as peer Rite Aid (NYSE: RAD) said it might see an impact from Hurricane Sandy on November comps. Click here for more color.
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