This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Most-Searched Stocks: Genentech, Gilead

The Dow reclaimed the 7,000 level Thursday, driven higher by new economic data and another dose of healthcare M&A. The market was spurred this time by Swiss pharma company Roche agreeing to buy the remaining shares of Genentech (DNA) for $95 apiece, or $46.8 billion. Gilead Sciences (GILD - Get Report) also announced it is acquiring CV Therapeutics (CVTX) in a $1.4 billion cash deal that will boost Gilead's cardiovascular drug franchise. All this wheeling and dealing in the health care sector sent all three stocks onto TheStreet.com's top ten most searched stocks list.

General Electric (GE) was also heavily searched. General Electric was a strong performer on the Dow, despite Standard & Poor's having cut its rating. However, the cut was not as severe as expected.

America's biggest banks also showed up on stock search. Bank of America's (BAC) acquisition of Merrill Lynch secured its position as the biggest bank in the country, according to a report issued late Wednesday. BofA now tops the list of U.S. banks and thrifts with $2.49 trillion worth of assets, $310.4 billion more than No. 2 competitor JPMorgan Chase (JPM).

JPMorgan still leads Bank of America in terms of deposits, however, holding over $1 trillion in consumer dollars. Without the Merrill acquisition, BofA would have ranked third in terms of deposits behind JPMorgan and Citigroup (C). Behind those three banking behemoths came Wells Fargo (WFC - Get Report).

Sirius XM (SIRI - Get Report) made the list after saying it will book $300 million in pre-expense earnings this year. The $300 million earnings before interest depreciation and amortization, or EBITDA, target was the only forecast the satellite radio shop would provide in its conference call Thursday. Given the economic uncertainties, Sirius said it would not make any subscriber or sales projections.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GM $35.59 -0.92%
GILD $103.70 -1.44%
PFE $35.27 -0.25%
SIRI $3.96 0.89%
WFC $54.70 -0.29%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs