Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Regeneron Pharmaceuticals Inc (REGN), Time Warner Cable Inc (TWC), Biogen Idec Inc. (BIIB): Tuesday’s Best Stocks

Page 1 of 2

Based on today’s economic data, you would certainly have expected a more robust rally than what the broad-based S&P 500 (INDEXSP:.INX) ended up gaining, but beggars can’t be choosers when the threat of war with Syria is on the table.

Specifically, two pieces of U.S. economic data helped to give the S&P 500 (INDEXSP:.INX) an early morning lift. First, the U.S. ISM manufacturing index for August rose to 55.7%, which was dramatically higher than Wall Street’s expectations and its fastest expansion in two years. Any level over 50 signals expansion of the manufacturing sector, and August’s reading would certainly bode well for the U.S. economy and jobs growth forecasts.

In addition to fantastic manufacturing news, construction spending ticked higher by 0.6% — also higher than forecast — and would point to ongoing strength in personal and commercial construction.

Regeneron Pharmaceuticals Inc (NASDAQ:REGN)The big question mark, though, for the S&P 500 (INDEXSP:.INX) remains Syria. With the majority of Republicans favoring what looks to be a militaristic response against Syria, and President Obama announcing his clear intentions for militaristic action, investors worry that strikes against Syria could complicate the United States’ relationship with numerous Middle East nations and some of its trading partners. The truly unfortunate aspect of this debate is we probably won’t have any resolution until after Congress reconvenes, which is still a week away.

Giving up its robust early gains, the S&P 500 (INDEXSP:.INX)ended higher by 6.80 points (0.42%) to finish at 1,639.77.

Topping the charts within the S&P 500 (INDEXSP:.INX) today is biotech behemoth Regeneron Pharmaceuticals Inc (NASDAQ:REGN), which added 7% despite no company-specific news today. There was, however, quite a bit of good news for shareholders to bite into at the end of last week, including the EU approval for Eylea, Regeneron’s lead drug, for the treatment of macular edema secondary to central retinal vein occlusion. Following this approval, RBC Capital Markets put out positive commentary that it expected Regeneron’s share price to appreciate with Eylea’s sales growth. With Eylea projected to grow by north of 20% over the next two years, Regeneron’s run may be nowhere near done.

Media giant CBS Corporation (NYSE:CBS) advanced 4.7% after finally coming to an agreement with Time Warner Cable Inc (NYSE:TWC), which restores CBS coverage for Time Warner cable customers in Los Angeles, New York City, and Dallas just days before the NFL season kicks off. The spat originated on Aug. 2 and stems from a disagreement between the media giants over retransmission fees. With both sides meeting in the middle, it now allows for CBS to again collect retransmission fees from Time Warner while also allowing Time Warner to pay lower fees than was the case in the original agreement before the blackout began. With CBS pretty much in the clear, Time Warner had better hope it didn’t tick off too many of its current customers, but only time will tell whether that’s the case.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!