Citi Propeled by Strong Earnings and Other #Stocks2Watch
#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail adam.samson@foxbusiness.com and tell us what stocks you're watching -- your picks could appear online!
1. Citigroup (NYSE:C)
Citigroup (NYSE:C) shares are zipping 3% higher after the No. 3 U.S. bank posted better-than-expected quarterly profits and revenues. The banking giant has been working to shake off negative sentiment from failing a portion of the Federal Reserve's stress tests and a fraud in its Mexico unit.
2. Medtronic (NYSE:MDT)
Medtronic (NYSE:MDT) shares are stumbling after a federal judge granted in part Edwards Lifesciences' (NYSE:EW) request for an injunction that would prevent the company from selling its CoreValve system in the U.S. Medtronic vowed to appeal the ruling and noted the ruling won't affect sales outside the U.S. or the use of CoreValve in clinical trials.
3. Apple (NASDAQ:AAPL)
Jefferies issued a note to clients Monday saying Apple (NASDAQ:AAPL) is negotiating with carriers to hike the price of the iPhone 6 by $100.
"The initial response has been no, but there seems to be an admission that there is no other game-changing device this year," Jefferies wrote in a note to clients. "We think Apple might be able to get at least some of the increase with the [additional] costs split between the carrier and consumer."
4. Facebook (NASDAQ:FB) | Gilead Sciences (NASDAQ:GILD)
Facebook (NASDAQ:FB) and Gilead Sciences (NASDAQ:GILD) are two stocks that performed well last year, but have taken a beating recently. In a sign of the recovery in sentiment on Monday, both stocks are climbing.
5. Boston Scientific (NYSE:BSX)
Boston Scientific (NYSE:BSX) shares are getting a boost after analysts at Bank of America Merrill Lynch upped their rating on the stock to "buy," according to Reuters.