Onyx Pharmaceuticals, Inc. (ONXX), Amgen, Inc. (AMGN), Microsoft Corporation (MSFT): Stocks to Watch Closely Today

Since the first day of the week can predict the flow of the whole week, it is particularly crucial to focus on Monday news and events. The same thing applies to stock markets as well, that’s why it is important to watch the stocks that are the most discussed on Monday, because usually they will be the most popular during the whole week, which means that their liquidity might be higher than in the case of other companies. This Monday started with some big news from the healthcare sector, while two main indices that reflect the state of the U.S economy, S&P 500 (INDEXSP:.INX), and Dow Jones Industrial Average (INDEXDJX:.DJI) starting the day without any big moves, remaining barely flat.  As follows, among the trending stocks on Monday we can mention are Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX), Amgen, Inc. (NASDAQ:AMGN) and Microsoft Corporation (NASDAQ:MSFT).

Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX)Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) and Amgen, Inc. (NASDAQ:AMGN) will definitely be some of the most covered stocks this week. On Monday, the biggest news from the healthcare sector became the announced acquisition of Onyx by Amgen. Under the deal between Boards of Directors of two companies, Agen will purchase all the shares of Onyx under a price worth $125 per share in cash. The whole value of the acquisition amounts to about $9.7 billion net of Onyx cash. Through the transaction, Amgen will get access to the whole portfolio of drugs of Onyx, one of the most important being Kyprolis, a new myeloma drug, for which Onyx has worldwide, excluding Japan, rights. Aside from Kyprolis, Onyx also shares rights for another drug, Nexavar, together with Bayer, as well as a bunch of other drugs. Amgen will contract $8.1 billion in loans in order to complete the acquisition. Onyx reported a net loss of $53.2 million for the second quarter of the year. The shares of Onyx gained almost 6% to $123.7 on Monday morning, while Amgen appreciated also by about 5.5% to $111.8 per share.

Another company that created a lot of noise at the end of the previous week that will echo for some time is Microsoft Corporation (NASDAQ:MSFT). On Friday, Steve Balmer, the CEO of Microsoft announced about his intentions to retire in the next year. In this way, the company is going to need a new Chief Executive Officer, and the Board of Directors already selected a committee responsible for this task. The committee is led by John Thompson, and consists of Chairmen: Bill Gates, Chuck Noski and Steve Luczo. Amid the news about Balmer’s retirement, shares of Microsoft surged on Friday.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!