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Credit Suisse: We Prefer Pfizer, Bristol Over Pharma Peers
Tuesday, May 5, 2015 - 8:51am | 316Credit Suisse reviewed its stances on major U.S. pharma names in a note this week, though the analysts came to the same conclusion that Bristol-Myers Squibb Co (NYSE: BMY) and Pfizer Inc (NYSE: PFE) were the best in class. The analysts also noted that they have an Outperform rating on AbbVie Inc...
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With Bristol-Myers Trial Stopped Early, 'What's Next?'
Friday, April 17, 2015 - 11:23am | 179Bristol-Myers Squibb Co (NYSE: BMY) announced on Fridady that its Opdivo trial was stopped early after superior results. Mark Schoenebaum at Evercore ISI said that expectations "were high going into the interim analysis," but the announcement removes any risk, however small. With the...
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Bristol-Myers Up Big After Drug Study Stopped Early
Friday, April 17, 2015 - 10:23am | 146Bristol-Myers Squibb Co (NYSE: BMY) was more than 3 percent higher in early trading after the company announced that Phase III study of Opdivo was stopped early after the trial "met its endpoint," according to a press release from the company. Opdivo "demonstrated superior...
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Bristol-Myers Squibb Is Re-Testing Its Breakout Level
Monday, March 30, 2015 - 10:50am | 243This Technical Trigger was provided by TraderMinute. There is some interesting price action going on in Bristol-Myers Squibb Co (NYSE: BMY) that makes it a possible swing trade play. Bristol-Myers Squibb has been trending up since October and recently broke out to new highs and pulled back to...
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5 Companies That Could Develop An Enterovirus Treatment
Monday, October 13, 2014 - 8:07am | 926When it comes to the search for Ebola treatments, names like BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), Chimerix Inc (NASDAQ: CMRX), Sarepta Therapeutics Inc (NASDAQ: SRPT) and Tekmira Pharmaceuticals Corporation (NASDAQ: TKMR) have cropped up frequently. Could these or other biotech companies...
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Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Wednesday, August 27, 2014 - 5:17pm | 2425U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...
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Markets Marginally Higher On Light Volume And Encouraging Geopolitical Developments
Monday, August 11, 2014 - 4:46pm | 2480U.S. markets managed to squeeze out small gains in lighter than normal volume, as geopolitical tensions may be calming down. Russia President Vladimir Putin said that the country will coordinate with the International Red Cross to send humanitarian aid to Ukraine. Meanwhile, Palestinians and...
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Dow Sets New Intraday High; Citigroup Impresses With Earnings
Monday, July 14, 2014 - 4:44pm | 2632U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...
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Earnings Expectations For The Week Of April 28: Big Oil, Big Pharma And More
Sunday, April 27, 2014 - 11:58am | 854The earnings crunch continues this week. Among the highlights will be scheduled quarterly reports from Exxon Mobil and Chevron, from Bristol-Myers Squibb and Merck, from Time Warner and Viacom, and also from Twitter. Early Thursday, Exxon Mobil (NYSE: XOM) is expected to say that it had earnings...
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Market Wrap For February 25: Markets End The Day Relatively Flat
Tuesday, February 25, 2014 - 5:38pm | 2952U.S. stocks fell on Tuesday as investors found a decline in consumer confidence as reason enough to keep stocks from moving higher. The S&P 500 retreated from its record all time high set yesterday but took a run above the 1,850 level in the late morning. The all time high for the index is...
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Earnings Expectations For The Week Of January 20: Microsoft, McDonald's, Netflix And More
Sunday, January 19, 2014 - 2:27pm | 953The markets are closed on Monday for Martin Luther King Day, but after that the earnings season shifts back into high gear. The consensus forecasts for eBay, McDonald's, Netflix, Starbucks and Verizon call for year-over-year growth in per-share earnings. But analysts are looking for declining...
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Market Wrap For December 20: Markets Gain On GDP Data
Friday, December 20, 2013 - 5:44pm | 1875Major indices received a boost in Friday's trading activity following a better than expected third quarter GDP. The surprising economic data is yet another key data that may suggests that the economy is healthy enough and could handle the Fed's recent decision to taper its bond buying program....
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Market Wrap For December 18: Markets Flat During Day One Post Fed Taper
Thursday, December 19, 2013 - 5:47pm | 2272Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...
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Earnings Expectations For The Week Of October 21: The Crunch Is On
Sunday, October 20, 2013 - 12:33pm | 1387Lots of quarterly reports are on deck this week, to go along with all the delayed economic data expected to be released. Analysts and investors should have plenty to mull over. Earnings highlights will include reports from AT&T, McDonald's, Microsoft and Netflix, which are all expected to post...
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Short Sellers Move On Amgen, Vertex (AMGN, PCYC, VRTX)
Friday, October 11, 2013 - 2:33pm | 901Among leading biotech and emerging pharmaceutical companies, short sellers moved on Amgen (NASDAQ: AMGN), Pharmacyclics (NASDAQ: PCYC) and Vertex Pharmaceuticals (NASDAQ: VRTX) the most strongly in late September. The number of shares sold short in Dendreon (NASDAQ: DNDN) and Biogen Idec (NASDAQ:...