Thursday, November 4, 2010

Notable Large Cap Stocks (Citigroup Inc., PFE, ORCL)

Citigroup Inc. (NYSE:C) added 0.48% to $4.19 after the Bloomberg reported that The U.S. bank that's liquidating assets after its $45 billion bailout may sell about $570 million of investments with buyout firm CVC Capital Partners Ltd. The intraday range of the stock was $4.15-$4.19. The stock is up more than 26% year-to-date. Pfizer Inc. (NYSE:PFE) went up 0.80% to $17.59 on about 50.43 million shares after the company reported its third quarter earnings 2010, with revenues at $16.2 billion, an increase of 39% compared with $11.6 billion in previous year. The net income reported was of $866.0 million; a decrease of 70% compared with $2.9 billion in the previous year and reported diluted EPS of $0.11, a decrease of 74% compared with $0.43 in previous year. The company is expecting revenues between $65.2 and $67.7 billion and diluted EPS between $1.58 and $1.73 for 2012. The stock opened at $17.51and has a 52-week range of $14-$20.36. In the past one month of trading sessions, the stock went up more than 2%. Oracle Corporation (NASDAQ:ORCL) fell 1.13% to $29.20. Yesterday, the company announced that is has agreed to acquire Art Technology Group, Inc., through a cash merger for $6.00 per share, or approximately $1.0 billion. The transaction is expected to close by early 2011. At today`s closing market price, the market capitalization of the company stands at $146.79 billion. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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