Lincoln Electric Faces Uncertain Global Macro Environment and 3 Stocks Hitting 52-Week Highs
Google (NASDAQ:GOOG): Closing price $792.89
The online file storage firm Dropbox has been meeting with bankers and might cinduct an initial public offering of stock in the second half, according to Quartz, citing knowledgeale sources. Dropbox is estimated to be valued near $4 billion and competes in various ways with Google’s Google Drive, Apple’s (NASDAQ:AAPL) iCloud, Microsoft Corporation’s (NASDAQ:MSFT) SkyDrive and LogMeIn’s (NASDAQ:LOGM) Cubby. Shares closed up 0.64 percent on the day at $792.89 and have been traded in a 52-week range of $556.52 to $788.74.
Johnson & Johnson (NYSE:JNJ): Closing price $76.16
The company has told physicians outside the United States to cease the use of the company’s Adept hip implant following a higher than anticipated failure rate, says Bloomberg. A database in the United Kingdom found that 12 percent of patients required a repeat surgery to repair the implant, which has not been sold since 2011. Around 7,500 of the hips were distributed in 21 countries, not including the United States. Shares closed up 0.46 percent on the day at $76.16, having been traded in a 52-week range of $61.71 to $76.09.
Lincoln Electric Holdings (NASDAQ:LECO): Closing price $55.91
The company points to an uncertain world macroeconomic environment as it expects slower YoY overall growth in at least the first half. Shares closed up 0.58 percent on the day at $55.91 and have been traded in a 52-week range of $37.63 to $55.91.
Ventas (NYSE:VTR): Closing price $69.47
Ventas now expects 2013 NOI for its total Atria and Sunrise-managed seniors housing operating portfolio to be between $430 million and $440 million, representing approximately 5- to 8-percent same-store NOI growth. The firm’s guidance assumes first quarter investments approximating $100 million and dispositions and loan repayments approximating $300 million during 2013. Also, the guidance assumes $400 million of debt issuance. Shares closed up 2.49 percent on the day at $69.47, having been traded in a 52-week range of $53.94 to $68.43.
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