The venerable Merck (NYSE:MRK) has turned into a hot mega-cap stock again, at least hot for a non-Internet stock, on the back of its immuno-oncology drug Keytruda. Here’s a look at MRK’s movement – up almost 70%, plus dividends, in five years:
MRK data by YCharts
This article explains my indifference to going long MRK shares. Given that MRK has positive price momentum, a reasonable yield for today’s world, and the excitement of Keytruda, there’s also no idea in my mind that this would be an interesting short candidate for traders. Thus, this is an analytic article written with the goal of providing information that some readers may find valuable in their buy-sell-hold (or, in some cases, short selling/put buying) decision-making. I will try to go light on the science and heavy on MRK as a stock, reflecting ongoing an old ongoing business.
Hot Dividend Stocks To Invest In Right Now: Pinnacle West Capital Corporation(PNW)
- [By Ben Levisohn]
Iron Mountain has gained 2.6% to $26.55 at 3:05 p.m., making it the fourth-best performer in the S&P 500, ahead of WPX Energy (WPX), which has gained 2.4% to $19.94, Pinnacle West Capital (PNW), which has gained 2.3% to $53.55 and Dominion Resources (D), which has risen 2.1% to $59.85.
Hot Dividend Stocks To Invest In Right Now: Microchip Technology Incorporated(MCHP)
- [By Ben Levisohn]
My colleague Tiernan Rey at Barron’s Tech Trader Daily quoted B. Rileys Craig Ellis in a post today, who called the selloff yesterday an unusually attractive entry opportunity forApplied Materials andMicrochip Technology (MCHP) buyers.
- [By Ben Levisohn]
Microchip Technology (MCHP) sunk to the bottom of the S&P 500 today as semiconductor stocks got clobbered.
Shares of Microchip Technology tumbled 7.5% to $61.23 today, while the S&P 500 declined 0.4% to 2,191.08. The SPDR S&P Semiconductor ETF (XSD) fell 4.8% to $52.29, while the VanEck Vectors Semiconductor ETF (SMH) dropped 4.8% to $67.68.
Today’s slaughter comes two days after Microchip Technology narrowed its third-quarter guidance. Stifel’s Kevin Cassidy and team had the details:
Microchip upwardly revised its December ending quarter…Non-GAAP EPS guidance was updated to $0.87 – $0.94 compared to $0.85 – $0.95 previously…The According to management, the upside is coming from better than expected integration of recent acquisitions. Management pointed out that significant gross margin improvements may be recognized as the inventory of higher cost products from the now closed Micrel fab is depleted. We have revised our revenue and non-GAAP earnings estimates and increased our 12-month target price to $70.
Microchip Technology’s market capitalization fell to $13.2 billion from $14.3 billion yesterday. It report net income of $324 million on sales of $2.2 billion in fiscal 2016.
Hot Dividend Stocks To Invest In Right Now: Telefonica SA(TEF)
- [By Javier Hasse]
Multiple-award-winning Trimaker is the leader in terms of sales in 3D printing in the region, serving clients like Staples, Inc. (NASDAQ: SPLS), Toyota Motor Corp (ADR) (NYSE: TM), Kraft Heinz Co (NASDAQ: KHC) and Telefonica S.A. (ADR) (NYSE: TEF). The company not only manufactures its own 3D printers, but also offers materials and related services.
- [By Lisa Levin]
Telecommunications services shares gained around 0.98 percent in trading on Thursday. Meanwhile, top gainers in the sector included Telefonica S.A. (ADR) (NYSE: TEF), and Allot Communications Ltd (NASDAQ: ALLT).
Hot Dividend Stocks To Invest In Right Now: TAL International Group Inc.(TAL)
- [By Craig Jones]
Instead of buying TAL Education Group (ADR) (NYSE: TAL), Cramer would buy Alibaba Group Holding Ltd (NYSE: BABA).
Cramer thinks Burlington Stores Inc (NYSE: BURL) is going to have a good quarter, because Ross Stores, Inc. (NASDAQ: ROST) posted a good one, and they have similar business models.