Weekend Stock Movers on January 17th
Although US markets are closed to observe Martin Luther King Day, that hasn’t stopped the drama from unfolding on Wall Street …
1) Apple (NASDAQ:AAPL): Shares of Apple tanked 8% this morning after the elite tech company posted an email from CEO Steve Jobs to employees stating he is taking a leave of absence. Check Out: Steve Jobs email to Apple employees >>
2) Walmart (NYSE:WMT): Walmart has agreed to acquire 51% of South African retailer Massmart. Looks like marts love marts. Massmart shareholders will be receiving ~$20 a share — valuing the deal at $2 billion.
3) Goldman Sachs (NYSE:GS): After engineering a very questionable private placement for Facebook shares, Goldman is now pulling the offering to US clients in fears of regulatory issues. You’ve gotta admit, it takes major guts to walk the line of what’s “legal” after playing a role in problematic deals a few years ago. Don’t Miss: Mark Zuckerberg to Facebook Users: F You, Suckers. >>
4) Waste Management (NYSE:WM): The entire waste management sector has been in an upward swing lately. Other companies to watch are Republic Services, Inc. (NYSE:RSG) and Covanta Holding Corporation (NYSE:CVA).
5) Boeing (NYSE:BA): As if Boeing hasn’t had a horrible time with Dreamliner and the border fence, today Airbus announced it sold more aircrafts than Boeing for the third year in a row. I hope BA execs are sitting in an emergency exit row.
6) GlaxoSmithKline (NYSE:GSK): The pharmaceutical giant just announced it will take a $3.4 billion charge to deal with litigation regarding diabetes drug Avandia.
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