Top Stocks to Watch for Feb. 13: Stada Arzneimittel, Verizon

February 13, 2017

German pharmaceutical company Stada Arzneimittel is at the focus of the conversations in Sentifi financial crowd after it received two takeover bids. Traders are flocking to the stock, expecting it to trade up very soon. For more insights into Stada and other stocks you should keep tabs on, stay right here on Sentifi.

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Stada Arzneimittel AG: Bullish

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Stada has yet to provide details on the two bids, but what is known is one of the bid is from private equity group Cinven Partners LLP. The group is offering €56 per Stada share for a total bid of €3.6 billion or $3.83 billion. The bids could not come at a better time for the pharmaceutical company as it’s been facing pressure from activist investors to reform the company’s governance and replace board members. Traders in Sentifi financial crowd feel quite optimistic about the bids, and predict the stock will go up much higher.

Sears Holdings Corp.: Cuts costs, stock rises

The retail store announced it will cut costs by $1 billion and drive the shares up 27 percent. The cost-cutting plan includes reducing corporate overhead and integrating the operations of its Sears and Kmart chains, all the while improving its merchandising, supply chain, and inventory operations. Even though the investors might be convinced, the traders are not, as they are saying the company’s stock will drop below $6.30 from $6.78. For now, they see this movement as a chance for short trading.

Verizon Communications: New data plan wins traders

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Verizon is doing something that every trader likes, and that is the company has begun to offer unlimited data plans, the first time in more than five years. Traders are praising Verizon for making such a move, and not because those who have Verizon like to have unlimited data, but because they believe Verizon will win back and gain more customers. Everyone is predicting the stock to go much, much higher, and it’s the one stock every trader should definitely add to their watchlists.

Hindustan Motors Ltd.: Sells iconic Indian car brand to Peugeot

Indian automotive manufacturer Hindustan Motors has formalized a deal with French carmaker Peugeot to sell the iconic Indian car brand Ambassador for approximately $12 million. The company’s stock moved up slightly, a mere 0.45 percent following the announcement. Traders have yet to show any strong reaction to the news, as they’re waiting to see more movement before acting.

Toshiba: Plans to detail a write-down for nuclear business

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The Japanese company will provide details on its write-down for approximately $6 billion after high cost overruns its U.S. nuclear arm. The final charge is rumored to be as high as $6.2 billion, equivalent to the company’s shareholder equity. Right now, the company’s stock is trading up on suspect of traders making short trading before the crash.

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