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

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

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!