We have seen several announcements out of Standard & Poors regarding index changes today, with the effective dates as follows: DreamWorks Animation SKG Inc. (
NYSE: DWA) will now replace Millennium Pharmaceuticals Inc. (
NASDAQ: MLNM) in the S&P MidCap 400 after the close of trading on Thursday, May 8, as Millennium's acquisition by Takeda is expected to close on or about that date. HealthSpring Inc. (
NYSE: HS) will now replace Franklin Bank Corp. (
NASDAQ: FBTX) in the S&P SmallCap 600 after the close on Wednesday, May 7.... Franklin has a market cap of a mere $26 million and has the 600th...
"The medical arena has long been my favorite sectors; perhaps the best opportunities within the medical sector will be with companies who provide life-saving products for the treatment of serious diseases," says Dave Dyer. In The Dave Dyer Newsletter, he explains "That is why Celgene (NASDAQ: CELG) is an excellent choice in this economy." Here's his look at this recession-resistant[More...]
The market was stronger today, boosted by a rally in the biotech sector. The agricultural stocks also continued to show strength. In addition, steel stocks displayed solid performances. The Dow was up +54.72 points; SPX added +6.06 points; and Nasdaq gained +29.58 points. Here’s how the market looked at the close:BTK (biotech) jumped +4.81%, while INX2 (internet) and SOX (semiconductors) made modest gains. HGX (housing) added +1.14%, but XLF (finan
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