Stocks Crossing 50-Day SMA 12/03: (SVU) (RDN) (GS) Above; (SCHW) (EXEL) (JRCC) Below
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Crossing and above:
- SUPERVALU Inc. (NYSE: SVU) - up 10.1 percent. Active again today as reports have Cerberus taking at options for the company. Despite the months-long chatter, shares haven't made much headway in moving higher as investor sentiment contines to be fleeting.
- Radian Group Inc. (NYSE: RDN) - up 3.2 percent. Looking to extend a three-day winning streak as it begins a Senior Debt exchange offer. For more, click here.
- Goldman Sachs (NYSE: GS) - up percent. Sentiment is positive for Goldman and other financials today with Greece offering a €10 billion bond buyback and as U.S. economic data was a little mixed. Goldman shares have been up and down lately on the impending fiscal cliff as well as uncertainly still remaining in Europe.
- Charles Schwab Corp. (NYSE: SCHW) - down 0.4 percent. Schwab a little lower amid peer Interactive Brokers (Nasdaq: IBKR) reporting an 8 percent drop in Daily Average Revenue Trades (DARTs) for November. Click here for more color.
- Exelixis, Inc. (Nasdaq: EXEL) - down 5.9 percent. Continuing to fall amid announcing the FDA approved COMETRIQ (cabozantinib) for the treatment of progressive, metastatic medullary thyroid cancer in the United States and the EMA accepted a marketing app for the drug late last week. Shares dropped about 6.9 percent last Friday.
- James River Coal Co. (Nasdaq: JRCC) - down 9.3 percent. Coal miners seeing some weakness today, which might have something to do with comments out of iron-ore giant Vale SA (NYSE: VALE). The company trimmed its investment outlook to $16.3 billion next year, from $17.5 billion in 2012, as economic conditions and demand continue to weaken.
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