What To Anticipate This Week

Weekly Update: July 26 to 30, 2010

     We’ll hear it from the top how gloomy the socioeconomic outlook is.

     The Dow(n) Jones Industrial (Average) Index (DJIA) ended up at 10467.16 for the week. The biggest pharmaceutical industry news may have suspicions of a takeover. On Tuesday, the Wall Street Journal reported that Sanofi-Aventis (SNY) was primed to buy Genzyme (GENZ) with two companies along the sidelines waiting anxiously. GlaxoSmith-Kline (GSK) and Johnson & Johnson (JNJ) may be bidders.

     Pfizer (PFE) climbed 3% on Monday based on news that their osteoporosis medicine, Conbriza, would be marketed in Spain.  Onyx Pharmaceuticals (ONXX) rose 21% on Monday only to fall 2% on Tuesday because of promising trials of a myeloma drug.

     During Tuesday’s trading, Hologic (HOLX) went up 8.75% and SonoSite (SONO) rose 6%. Biggest losers were (Omnicare) OCR at -6%, Dendreon Corp. (DNDN) at -4%, and Volcano Corp. (VOLC) at -3.5%.

     Most every stock price fell during Wednesday’s trading when the DJIA lost only 39.81 points to 10,498. DNDN stock went down another 4% in value. HOLX went down 6.5%. Align Technology (ALGN) lost 3.8%. ONXX dropped another 3%.  VOLC lost another 5%. SONO went down 4%. PFE dropped 2%, Elan Pharmaceuticals (ELAN) gained 0.84% and Healthspring (HS) rose 0.47%,

      Friday ended with the Dow at 10465.94. Five biotech/ healthcare/ medical device stocks rose significantly. Amerigroup (AGP) increased 8.5% to solidify its “blue chip” status at $35.16. VOLC finished the week at $22 going up 4.8% Friday. But THOR dipped 13.54% to $36.78.

     HealthSouth (HLS) gained 3.1% Friday alone to finish at $18.51. Coventry Health (CVH) jumped 5.2% at $19.83. Other finishing scores: SONO = 29.25, PFE = 15.00, JNJ = 58.09, GSK = 35.17, GENZ = 69.56, ONXX = 26.00, HRC = 33.04, ELN = 4.77, and HGSI = 25.94.

          We expect next week more downs that ups.

Dry Summerlike Conditons Anticipated

Monday, August 2, 2010

  • Chairman Ben and Secretary Tim address different groups, about the state of the United States economy. Geithner is in New York and Bernanke speaks in Washington D.C.
  • It is a good thing the financial markets are closed in Canada today.

Tuesday

  • The United States Senate hears from Morgan Stanley.
  • Research In Motion (RIM) goes to market with competition for Apple’s iPod tablet.

Wednesday

  •   CGC issues their July employment report.
  •   Transocean (POOP) reports its quarterly report.

Thursday

  • Chicago Cubs (CUBBIES) bat against the San Francisco Giants (SF) at 12:45 PDT. San Francisco weather was cool in July and the Giants were hot.

Friday

  • The United States Senate begins its summer recess.
  • The first-place Padres (PODS) arrive in San Fran for a 7:15 p.m. baseball game near McCovey Cove.

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Copyright CCX – Max’s Scout Services and Communications, LLC

– For Musement Only –

 

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About Max's Scout Services and Communications of the Americas, LLC

WRITER / MANAGEMENT CONSULTANT / SPORTS FAN / HUMORIST/ FOOD CRITIC / HORSE AND DOG OWNER / CHRISTIAN / MEMBER OF THE COLORADO GREEN PARTY / ALOHA SPIRIT /

Posted on August 2, 2010, in Humor, Socioeconomics. Bookmark the permalink. Leave a comment.

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