Biotech News <<< Mailing List
Biotechnology News <<< Discussion Forums
[ biotech news ] Schaeffer's S&P 500 Index Hot Stocks Features Brunswick, MedImmune, Merck, Delph
------------------------ Yahoo! Groups Sponsor --------------------~-->
Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page
http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/H4xqlB/TM
--------------------------------------------------------------------~->
Schaeffer's S&P 500 Index Hot Stocks Features Brunswick, MedImmune,
Merck, Delphi, and Murphy Oil
Aug. 29, 2005
Among the stocks featured in the August 29 edition of Schaeffer's
S&P 500 Index Hot Stocks are Brunswick (NYSE:BC), MedImmune
(NASDAQ:MEDI), Merck (NYSE:MRK), Delphi (NYSE:DPH), and Murphy Oil
(NYSE:MUR). Schaeffer's S&P 500 Index Hot Stocks is just one of the
many free market commentaries written every day at
www.SchaeffersResearch.com - the home of Bernie Schaeffer and
Schaeffer's Investment Research.
Schaeffer's S&P 500 Index Hot Stocks for Monday, August 29, 2005:
A daily feature available on SchaeffersResearch.com is the "SPX Hot
Stocks" column. Each afternoon, we will provide a list of the day's
top-20 performing stocks in the S&P 500 Index (SPX - 1,210.76) as
well as the bottom-20 names. Featured along with this table will be
news that is moving some of the securities.
NOTE: Stocks trading under $5 per share have been eliminated from
this listing of the top-20 and bottom-20 performing stocks.
Despite oil ascending to record heights in today's trading action,
the SPX has been able to advance 0.47 percent. Overnight, crude
futures hit $70.80; however, last check shows that black gold is
trading 87 cents higher on the day at $67 per barrel. The market
action seems to be defying what investors expect, with some stating
that stocks "should be trading a lot lower." Currently, we only have
short-term estimates about the damage Katrina has caused, some
investors believe that the market will suffer as the sky clears and
we can get a handle on the damage.
Atop the hot stocks list this afternoon is Allegheny Technologies
(ATI) with a gain of more than four percent on no discernable news,
and seeing how this is a news driven article, I will skip over
PerkinElmer (PKI) and move on to Brunswick (NYSE:BC). The Illinois-
based producer of all things leisure, except for those hideous
polyester suits, received an upgrade from "hold" to "buy" from the
kind-hearted analysts at Citigroup. BC produces pleasure boats,
bowling and billiard products, and fitness equipment.
Moving further down the list, I see a gain of more than two percent
for biotech equity, MedImmune (NASDAQ:MEDI). MEDI licensed the
worldwide rights from GlaxoSmithKline (GSK) to develop
antistaphylococcal monoclonal antibodies in exchange for an upfront
payment. Possible milestone fees and future royalties are also
included in the deal. MEDI has also taken over future milestone and
royalty payments to Biosynexus, from whom GSK originally licensed
the BSYX-A110 antibody, which will help the company expand into the
development of monoclonal antibodies in pediatrics.
I had to dig all the way down to the final advancer on the day to
find any kind of news to report, and it is actually good news for
shaken pharmaceutical firm Merck (NYSE: MRK). This afternoon, the
purveyor of pills to cure your ills advanced thanks mainly to
Hurricane Katrina. The first federal case filed over its recalled
drug Vioxx was set to go to trial in New Orleans in November.
Today's storm may serve to delay this case as the citizens of the
city clean up after Hurricane Katrina.
On Friday, Delphi (NYSE:DPH) led a group of auto parts makers lower,
and its decline hasn't stopped today. Tomorrow, DPH's former parent,
General Motors (GM), will discuss at its analyst meeting whether or
not it will help lend some financial relief to its struggling
supplier. This news follows a week where the dean of the driveshaft
saw itself upgraded to "neutral" from "underperform" at Baird.
Unfortunately, Friday's fall included Dana (DCN), which seems to be
tethered to DPH again today, as both equities have lost more than
four percent.
Hurricane Katrina has boosted oil and oil-related stocks, but one
oil stock that is not advancing thanks to the weather is Murphy Oil
(NYSE:MUR). Forecasters say that Katrina hit land at Plaquemines
Parish, Louisiana, which is near MUR's refinery at Meraux,
Louisiana. The Meraux facility usually pumps out 120,000 barrels of
black gold per day.
About an hour ago, AIR Worldwide estimated that Hurricane Katrina
could cost the insurance industry between $12 billion and $26
billion. If the cleanup carries that hefty of a price tag, it will
be one of the two worst natural catastrophes in U.S. history. This
news has not helped the insurance industry, proven by a drop of
nearly two percent from Allstate (ALL).
Take advantage of the timely Schaeffer commentaries by signing up
for their free e-newsletters -- Opening View, Market Recap and
Monday Morning Outlook. Click here to have the Schaeffer's
commentaries delivered to you free via email every day.
About Schaeffer's Investment Research (www.SchaeffersResearch.com)
Schaeffer's Investment Research, founded by Bernie Schaeffer in
1981, is a financial information and trading resources company. It
publishes Bernie Schaeffer's Option Advisor, the nation's leading
options subscription newsletter. The firm's contrarian approach
focuses on stocks with technical and fundamental trends that run
counter to investor expectations.
http://www.arizonabiotech.com/
http://groups.yahoo.com/group/biotech-news/
http://www.arizonaentrepreneurs.com/
http://www.azhttp.com/
http://www.arizonabiotech.com/index.php
http://www.arizonabiotech.com/
<a href="http://www.arizonabiotech.com/">Arizona Biotech</a>
http://groups.yahoo.com/group/biotech-news/
<a href="http://groups.yahoo.com/group/biotech-news/">Biotech News</a>
http://www.arizonaentrepreneurs.com/
<a href="http://www.arizonaentrepreneurs.com/">Arizona Entrepreneurs</a>
http://www.azhttp.com/
<a href="http://www.azhttp.com/">Arizona High Tech</a>
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/biotech-news/
<*> To unsubscribe from this group, send an email to:
biotech-news-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/

