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Led by financials stocks, markets rose throughout the day Wednesday, as investors remained unfazed by the many geopolitical tensions occurring overseas. At session highs, the Dow Jones came within 13 points of reaching the 20,000 milestone but retreated soon after.
On Tuesday, two giants in the industrial gas industry closed on a deal to create a mega company with a combined market value of $66.6 billion. Praxair Inc. (PX - Free Report) and Germany’s Linde AG have agreed to join forces after two years of on-again, off-again merger talks after Praxair committed to preserving jobs in Germany in order to win the approval of Linde’s directors.
On Tuesday, six national retailers have agreed to stop using on-call shift scheduling after an inquiry by a group of state attorneys general from across the country. On-call scheduling requires employees to be prepared to come in for a work shift, but could find out at the last minute that they don’t have to clock in.
Market cycles typically cause significant ebbs and flows in a company’s balance sheet, and tends to increase the stock’s volatility. But when a company is able to time several long-term market cycles to their advantage, the balance sheet can post all-time revenue records. Today’s Zacks Bull of the Day, Finisar Corp. , is experiencing the latter of the two situations.
Stocks that Aren't in the News…Yet
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Stock Market Roundup Dec. 20: Praxair, Linde Merge as Dow Remains Bullish
Led by financials stocks, markets rose throughout the day Wednesday, as investors remained unfazed by the many geopolitical tensions occurring overseas. At session highs, the Dow Jones came within 13 points of reaching the 20,000 milestone but retreated soon after.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Angang Steel Company Ltd. +7.93%
Growth: YY Inc. (YY - Free Report) +4.57%
Momentum: Carbonite Inc. +6.67%
VGM: ANGGY
Income: Tailored Brands +3.80%
Major Indexes
DOW: 19,973.73 / 90.67 / 0.46%
S&P 500: 2,270.75 / 8.22 / 0.36%
NASDAQ: 5, 483.94 / 26.50 / 0.49%
Top Headlines
Praxair and Linde Set to Merge, Creating Industrial Gas Goliath
On Tuesday, two giants in the industrial gas industry closed on a deal to create a mega company with a combined market value of $66.6 billion. Praxair Inc. (PX - Free Report) and Germany’s Linde AG have agreed to join forces after two years of on-again, off-again merger talks after Praxair committed to preserving jobs in Germany in order to win the approval of Linde’s directors.
These 6 Retailers are Axing On-Call Shift Scheduling
On Tuesday, six national retailers have agreed to stop using on-call shift scheduling after an inquiry by a group of state attorneys general from across the country. On-call scheduling requires employees to be prepared to come in for a work shift, but could find out at the last minute that they don’t have to clock in.
Bull of the Day: Finisar Corp
Market cycles typically cause significant ebbs and flows in a company’s balance sheet, and tends to increase the stock’s volatility. But when a company is able to time several long-term market cycles to their advantage, the balance sheet can post all-time revenue records. Today’s Zacks Bull of the Day, Finisar Corp. , is experiencing the latter of the two situations.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>