Genentech (DNA, $96.00, up $1.35) continued higher throughout the week as it awaits word from a “special committee” that is evaluating the $44 billion bid to buy the company. Swiss pharmaceutical giant Roche is on the other end of that bid and is also waiting for an answer to itsRead more
Genentech Still Holding Out
NewsFlash: Chipotle Under $70
Chipotle Mexican Grill (CMG, $69.01, down $14.79) has dipped below $70 again after opening the trading session at $74.29. The stock traded to a high of $75.50 but the bears have been firmly in control since the opening bell. I mentioned the after-hours trading was a good indication that theRead more
Wachovia Continues Higher
Chipotle Misses, Stock Drops in After-Hours
Chipotle Mexican Grill On Deck
Chipotle Mexican Grill (CMG, $82.50, up $0.84) will announce earnings after the market closes today and it will be interesting to see how the company is holding up. A slowing economy, higher menu prices and a salmonella scare could factor into where this stock opens on Thursday. We have hadRead more
Merck Update
It’s been a rough couple of days for Merck (MRK, $31.33, down $4.00). The stock followed Monday’s 6% decline with a 11% drop on Tuesday after lackluster earnings and some damaging information for the company’s cholesterol drug Vytorin. On Monday when Merck was at $36, I mentioned that earnings wereRead more
Yahoo Holds up in After-Hours
Yahoo (YHOO, $21.40, down $0.27) announced earnings after the closing bell yesterday and in after-hours trading the stock held up well. For Q2, the company reported earnings of $131 million, or $0.09 a share. This was a drop from $161 million, or $0.11 a share, in the year-earlier quarter. WallRead more
Apple Beats, Outlook Disappoints
You can always expect an extreme move in Apple’s (AAPL, $152.52, down $13.77) stock the day after an earnings announcement. Another thing you can expect is for Apple to beat Wall Street’s expectations — they have for eight straight quarters — and yesterday was no different. The company reported earningsRead more