Sunday, October 24, 2010

Market News: Pfizer Inc. (NYSE:PFE), United Parcel Service (NYSE:UPS), Dell (NASDAQ:DELL)

More breaking news stories could affect stocks when trading continues later. The following listed companies should see some movement: Pfizer Inc. (NYSE:PFE), United Parcel Service (NYSE:UPS), Dell (NASDAQ:DELL). Here is a more detailed look at the news that will affect each company when trading continues. Pfizer Inc. (NYSE:PFE) Pfizer (NYSE:PFE) has bought a 40% stake in Brazilian generic drug maker Teuto. The stake worth $240 will help Pfizer (NYSE:PFE) to increase its participation in Brazils pharmaceutical market. Pfizer (NYSE:PFE) has also an option to buy the remaining stake of Teuto by 2014.The company said in an official statement that .” The deal shows the company’s commitment to pursue focused investments in key emerging markets to accelerate our growth and increase patient access to high-quality medicines.” United Parcel Service (NYSE:UPS) United Parcel Service (NYSE:UPS) has beaten analysts' expectation in their third quarter earnings. It was estimated that United Parcel Service (NYSE:UPS) earnings will come in at $ 0.88 per share, but actual earnings rose up to $0.93. More over United Parcel Service (NYSE:UPS) has also earned guidance for next quarter. UPS Chief Financial Officer Kurt Kuehn said, “We think that even with a modest-growth economy we can show good expansion in revenue and earnings.” Dell (NASDAQ:DELL) Dell (NASDAQ:DELL) has decided to spend hundreds of millions of dollars in their new advertisement campaigns. With this move, Dell (NASDAQ:DELL) has planned to shed their low price image in the market and to promote their new products.  According to Paul- Henri Ferrand, the company's chief marketing officer, “We’re going to stop mentioning price as the single important aspect as the company wanted to emphasize it had premium products, as well as cheaper options." We could see more movement when trading continues for Pfizer Inc. (NYSE:PFE), United Parcel Service (NYSE:UPS) and Dell (NASDAQ:DELL).
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