Market Overview

Stocks To Watch For June 23, 2014

Related SONC
Morgan Stanley Thinks Sonic's Long-Term Story Is 'Intact'
Events for the Week of Nov. 17-21, 2014
EMCORE Selling Space Solar Business to Veritas Capital (Fox Business)
Related GOOG
Bank Of America's Top Stock In The Online Travel Sector
Google Ventures-Backed Startup Wants To Change The Way You Trade
DHL Testing Drones, but U.S. Policy Still Up in the Air (Fox Business)

Some of the stocks that may grab investor focus today are:

Wall Street expects Sonic (NASDAQ: SONC) to post its Q3 earnings at $0.29 per share on revenue of $149.60 million. Sonic shares fell 0.04% to close at $22.40 on Friday.

Google's (NASDAQ: GOOG) Nest Labs agreed to acquire video-monitoring company Dropcam, for $555 million in cash. Google shares gained 0.26% to close at $556.36 on Friday.

Analysts are expecting Micron Technology (NASDAQ: MU) to have earned $0.70 per share on revenue of $3.89 billion in the third quarter. Micron shares rose 0.13% to close at $31.85 on Friday.

Alstom's (NYSE: ALSMY) board unanimously decided to recommend General Electric's (NYSE: GE) offer to acquire the Power and Grid businesses of Alstom for $16.9 billion (€12.35 billion). GE shares rose 0.15% to close at $26.97 on Friday.

Shire (NASDAQ: SHPG) confirmed Friday, that on May 30, 2014, it received an unsolicited, conditional proposal from AbbVie (NYSE: ABBV) for £20.44 in cash and 0.7988 AbbVie shares per Shire share. However, the proposal was rejected. Shire shares jumped 14.68% to $219.85 in pre-market trading, while AbbVie shares declined 1.64% to close at $53.30 on Friday.

Posted-In: Stocks To WatchEarnings News M&A Pre-Market Outlook Markets Trading Ideas

 

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