Women’s March 2017, Image via StockSnap
Today (March 8) is International Women’s Day. It is also the day women across the country will not go to work, avoid shopping, and wear red, to give a small display of what the country would be like if women had fewer rights and were unable to contribute to our society. This is a continuation of the Women’s March that happened on January 21, and follows the Day Without Immigrants protest that happened on February 16.
I am not able to participate in A Day Without Women (nor was I able to participate in A Day Without Immigrants) — it’s just not financially feasible for me. As a freelancer, my weeks are filled with deadlines and specifically scheduled shifts for different jobs, and it’s often not an option to skip work. I wouldn’t get paid if I didn’t work on a given day. As freelancers, we have other privileges of course, but we do not have vacation days or paid sick days . If I get strep throat, I’m either not making money because I want to take a sick day, or I’m working with strep throat.
us stock exchange: ProShares Ultra Nasdaq Biotechnology(BIB)
- [By Jim Robertson]
Yesterday, our Elite Opportunity Pronewsletter suggested theProShares Ultra Nasdaq Biotechnology ETF (NASDAQ: BIB) as a way to play long term biotech bullishness with a short term caveat:
us stock exchange: Union Pacific Corporation(UNP)
- [By Ben Levisohn]
A strange turn of events has sent shares of CSX (CSX)–and other railroads, including Union Pacific (UNP) and Canadian Pacific Railway (CP)–soaring today. It all started when Hunter Harrison announced that he would leave Canadian Pacific ahead of schedule to team up with activist investor for the turnaround of another railway company. That company is thought to be CSX.
us stock exchange: Banco Santander, S.A.(SAN)
- [By WWW.THESTREET.COM]
Banco Santander (SAN) : “I prefer Barclays (BCS) , but let’s wait and see what the other banks have to say”
ProLogis (PLD) : “I am not a fan of that group right now, but that one is best of breed.”
us stock exchange: Becton, Dickinson and Company(BDX)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Becton Dickinson and Co. (NYSE: BDX) which traded down 4.4% at $177.19. The stocks 52-week range is $157.60 to $186.40. Volume was 9.3 million versus the daily average of 833,000 shares.
- [By Ben Levisohn]
Becton Dickinson (BDX) tumbled to the bottom of the S&P 500 today after agreeing to pay $24 billion for C.R. Bard (BCR).
Agence France-Presse/Getty Images
Becton Dickinsondropped 4.4% to $177.07, while the S&P 500 rose 1.1% to 2,374.15. C.R. Bard jumped 20% to $302.41, making it the best performing stock in the S&P 500.
Leerink’sRichard Newitter andRavi Misra argue that “growth doesn’t come cheap.” They explain:
We had expected BDX’s M&A engine would eventually resume as the company moved into its third year post the 2015 CareFusion (CFN) acquisition; however, we do think the expectation was for tuck-in or mid-sized type transactions. This transaction is certainly on the bigger side, and will mark the largest in BDX’s history just as BDX wraps up year 2 post the CFN integration. Naturally this could raise some questions as to whether mgmt is “biting off more than it can chew.” But, size (and the hefty price tag) aside, the rationale is not entirely out of left field in our view. BCR will benefit BDX through a higher top-line & GM profile and provides several fast-growing product offerings in underpenetrated markets (i.e. PICCs, Lutonix/Drug Coated Balloons, targeted temperature mgmt). BCR’s Foley catheters and PICC products should complement BDX’s portfolio & strategy aimed at offering a single complete end- to-end medication managem ent & safety solution to hospitals. Also, BCR’s emerging markets (EM) growth is accelerating, which should help BDX’s EM division, which has been experiencing slowing growth in recent years.
Becton Dickinson’s market capitalization fell to $37.7 billion today from $39.4 billion on Friday. It reported net income of $976 million on sales of $12.5 billion in 2016.
- [By Dustin Parrett]
Two of Keith’s favorite Unstoppable Trend stocks are Raytheon Co. (NYSE: RTN) and Becton, Dickinson and Co. (NYSE: BDX). RTN and BDX are leaders in the Unstoppable Trends of defense and demographics, respectively.
us stock exchange: Swedish Export Credit Corp (GRU)
- [By Casey Wilson]
Investing in commodity-based ETFs (exchange-traded funds) or ETNs (exchange-traded notes) is a great way to gain exposure to a specific commodity, like corn (NYSE Arca: CORN), livestock (NYSE Arca: COW), or grains (NYSE Arca: GRU).
us stock exchange: ImmunoGen, Inc.(IMGN)
- [By Brian Orelli]
ImmunoGen (NASDAQ:IMGN) is up 15.6% at 3:35 p.m. EDT on no news. The stock price bump might be a carryover from yesterday’s upgrade by Leerink Partners. Or maybe it’s short-sellers buying to cover their shorts after yesterday’s move. Or maybe it’s just because it’s a biotech and the sun came up today. Who knows?
- [By Sean Williams]
Shares of ImmunoGen (NASDAQ:IMGN), a clinical-stage biotechnology company focused on finding cures for cancer with its proprietary antibody-drug conjugate platform, were rocketing higher by 29% as of 3 p.m. EST on Friday, apparently eager to ring in the new year with a bang.
- [By Brian Orelli]
ImmunoGen (NASDAQ:IMGN) is up 21.8% at 1:06 p.m. EST on no apparent news. Of course, it’s a biotech, so that’s often par for the course.
One possibility is that day traders are just doing their thing, following the momentum, which pushes the stock price higher. We’ll know in a few days if the share price returns to previous levels.