Merck (MRK) Tops Q3 EPS by 27c, Revenues Beat; Narrows & Raises FY19 EPS/Revenue Above Consensus

Mizuho Downplays Merck (MRK) KEYTRUDA Competition in 1L NSCLC

October 28, 2019 12:49 PM EDT

Mizuho Securities analyst Mara Goldstein reiterated a Buy rating and $97.00 price target on Merck (NYSE: MRK) following AstraZeneca PLC (AZN) news.

Goldstein commented, "Our thesis on MRK centers around KEYTRUDA as a driver of P&L transformation. Over the past week, competitors... More

Merck (MRK) Trades Lower Following AstraZeneca (AZN) Imfinzi Results, Down 0.70%

October 28, 2019 11:39 AM EDT

Merck (NYSE: MRK) Trades Lower Following AstraZeneca (NYSE: AZN) Imfinzi Results, Down 0.70%

... More

Trade optimism, Fed rate-cut expectation sends S&P 500 to record

October 28, 2019 7:35 AM EDT

By Chuck Mikolajczak

NEW YORK (Reuters) - The S&P 500 hit a record high on Monday, while the Nasdaq fell just short of its lifetime high touched in late July as a more civil tone between the United States and China lifted hopes for a possible trade deal and investors looked toward a Federal Reserve rate cut later this week.

Microsoft Corp (NASDAQ: MSFT) shares climbed 2.46%, making the stock among the biggest boosts to each of three major indexes after the technology giant won the Pentagon's $10 billion cloud computing contract, beating out... More

S&P 500 nears record high on trade progress, upbeat Intel earnings

October 25, 2019 7:52 AM EDT

By April Joyner

NEW YORK (Reuters) - U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp (NASDAQ: INTC) boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago.

During the session, the benchmark index peaked at 3,027.39, which surpassed its closing record of 3,025.86 on July 26. It ended at 3,022.55, and the S&P 500 total return index notched an all-time high.

U.S. stocks rose... More