BlackBerry Interest Is Lukewarm, Delta Shares Keep Soaring, and 3 More Hot Stocks
BlackBerry (NASDAQ:BBRY): Interest for buying BlackBerry as a whole has been fairly tepid, though the handful of suitors that are exploring the possibility of buying into the struggling company would be more open to buying parts of the firm rather than the whole business. A couple of private equity funds have signed nondisclosures so they can take a look into BlackBerry’s books, but reports are indicating that the largest private equity firms and some Asian hardware manufacturers are not interested.
Delta Air Lines (NYSE:DAL): Delta Air Lines stock, coming off a healthy week of growth, continues to climb higher and breach intra-day trading highs as the company’s induction to the S&P 500 and decreasing fuel costs are buoying investors to action. Delta shares have picked up some 17 percent in the past week.
Teva Pharmaceutical Industries (NYSE:TEVA): Teva has formed an alliance with Cancer Research Technology to research and develop DDR-modulating cancer drugs. The deal will help Teva “focus on personalized medicine throughout its R&D pipeline,” a statement read. The treatments that will be under development are supposedly able to target cancer cells’ ability to repair DNA damage caused by chemotherapy.
Dunkin’ Donuts (NASDAQ:DNKN): Dunkin’ Brands announced that it will add 17 new locations in the western and central part of Texas, moving ahead with a western push for the doughnut and coffee chain. The company will be working with two different franchise groups for the new stores.
Dick’s Sporting Goods (NYSE:DKS): Bank of America added the sporting retailer to its US 1 List and slapped the shares with a $58 price target, leading in a strong open in trading for the company Monday. The bank is counting on its idea that Dick’s will have a more favorable product mix sold in the second half of the year.