Market Focus

Elizabeth Arden

Elizabeth Arden posted its biggest quarterly loss ever. The beauty products maker didn’t blame weather or a consumer funk like some other retailers, it said Justin Bieber and Taylor Swift weighed on its results. A sales decline in celebrity fragrances, particularly from those two singers hurt revenue. Shares plummeted 23 percent to $15.05.

Salix Pharmaceuticals  & Allergan

Shares of Salix Pharmaceuticals spiked on a report that Allergan has approached the company about a possible acquisition. According to that report, Allergan is in talks with more than one acquisition target and it could strike a deal as early as next month. This as Allergan, the maker of Botox, battles a $53 billion hostile bid from Valeant Pharmaceuticals. Salix popped 15 percent to $160.80. Shares of Allergan also rose about four percent to $161.82.

Skilled Healthcare & Genesis Healthcare 

Skilled Healthcare and privately held Genesis Healthcare have agreed to combine. The all-stock transaction will create one of the largest operators of a long-term care facilities in the U.S. The combined companies will be called Genesis Healthcare and it will trade on the New York Stock Exchange. Shares of Skilled Healthcare soared almost 20 percent to $7.37.

Petsmart

Petsmart popped towards the end of the trading day on a report that it may soon announce its intent to explore strategic alternatives, including a potential sale. Several shareholders, including activist investor Jana Partners has pressured the pet supply retailer to sell itself. The stock was up almost two percent to $69.70.

Sprint

Sprint is upping the ante with its new mobile plans. The number three U.S. carrier unveiled a new pricing plan that offers 20 gigabytes of data and up to 10 lines for $100. This will replace its Framily plan and offer customers more data for the money than plans from Verizon, AT&T and some of T-Mobile’s options. But shares of Sprint fell four percent to $5.39.

BHP Billiton

BHP Billiton is planning to spin-off $16 billion in assets to shareholders in the form of a new company. The move is an effort by the mining company to focus on its most profitable assets. But investors were disappointed that the company is holding off on a share buyback. That sent shares down four percent to $70.03.

McDonald’s

Soon you’ll be able to wake up and smell the McCafé at home. McDonald’s plans to start selling its packaged coffee at supermarkets across the country by early next year. The fast food chain is partnering up with Kraft Foods to make and distribute the coffee. Shares were up slightly to $94.57.

Apple

It was a milestone day for Apple. The tech giant hit $100 a share for the first time since its seven-for-one split back in June. Shares held on that gain, closing at $100.53 a gain of more than one percent.

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