Published February 24, 2014
Men's Wearhouse, Jos. A. Bank Clash Continues and Other #Stocks2Watch
#Stocks2Watch: Men's Clothier Clash Continues
Jos. A. Bank and Men's Wearhouse shares both got a boost after the clash between the two firms continued.
Jos. A. Bank (NASDAQ:JOSB) | Men's Wearhouse (NYSE:MW)
Men's Wearhouse (NYSE:MW) boosted its hostile offer to buy Jos. A. Bank (NASDAQ:JOSB) to $63.50 a share. The firm also said it will launch a lawsuit against Jos. A. Bank's board of directors and others alleging they failed in their fiduciary responsibilities to shareholders. Both men's clothing companies are getting a big boost on the news.
Netflix (NASDAQ:NFLX) | Comcast (NASDAQ:CMCSA)
Netflix (NASDAQ:NFLX) forged a deal in which it will garner direct access to Comcast's (NASDAQ:CMCSA) systems in a bid to secure better-quality streaming video. Both stocks are climbing higher.
Pfizer shares are rallying on news the pharmaceutical giant found success in a clinical trial for a new pneumonia vaccine.
Chesapeake Energy (NYSE:CHK)
Chesapeake Energy (NYSE:CHK) shares are rising after the U.S. natural gas giant said it is exploring strategic alternatives for its oilfield servicing segment.
BlackBerry (NASDAQ:BBRY) shares are up more sharply on the day. The struggling smartphone maker made its still-popular messaging app, BBM, available on the Microsoft Windows Phone and Nokia X platforms.