Pfizer, Intel and News Corp Shares Reach Annual Peak Price on Upside Momentum
A mix of healthcare, technology, media, railroads and ag were represented well by these top notch individual performing stocks in today’s trading:
Pfizer (NYSE:PFE): Pfizer’s Lipitor cholesterol drug is still capturing about 37 to 38 percent of the U.S. market versus generic versions and is CEO Ian Read says, “basically where we expected to be.” But he says for Pfizer to capture more share would be difficult, as patients being encouraged use a generic. The shares closed at $21.94, up $0.12 or 0.55 percent. Their 52-week trading range has been $16.63 to $22.00.
Intel Corp. (NASDAQ:INTC): Ultrabooks at the Consumer Electronics show have impressed Nomura’s Romit Shah, but he still maintains his Reduce for Intel. The analyst thinks ultrabooks could spark Atmel (NASDAQ:ATML) and Cypress (NASDAQ:CY), makers of controller chips for the devices. Intel is hoping ultrabooks will garner 40percent of laptop sales. If the do, as Intel hopes, Shah believes the touch controller market could grow by $300 million-$500 million. The shares closed at $25.59, up $0.12 or 0.47 percent. Their 52-week trading range has been $19.16 to $25.78.
News Corp. (NASDAQ:NWSA): The New Republic owners will test the waters for a sale using the services of Blackstone (NYSE:BX). Not popular choices, but Bloomberg and News Corp.might be interested. The magazine is on a current financial losing streak and the deal would be small, probably under $20 million. The shares closed at $18.65, up $0.3 or 1.63 percent. Their 52-week trading range has been $13.38 to $18.66.
Union Pacific Corp. (NYSE:UNP): The shares closed at $111.36, up $1.87 or 1.71 percent. Their 52-week trading range has been $77.73 to $109.62.
Monsanto Company (NYSE:MON): The shares closed at $79.20, up $0.7 or 0.89 percent. Their 52-week trading range has been $58.89 to $79.14.
Further Reading: JPMorgan Chase & Co. Fourth Quarter Earnings Sneak Peek>>
To contact the reporter on this story: Jim Wilkerson at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com