Forest Labs Surges on Buyout 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. Forest Laboratories, Actavis [FRX, ACT]
Actavis said Tuesday it will buy Forest Laboratories in a cash-and-stock deal valued at $25 billion. Forest Labs shares are spiking 20% in the pre-market, while Actavis is up 6%.
2. Coca-Cola [KO]
Coca-Cola posted profits that met estimates, but sales that widely trailed views. Shares of the blue-chip beverage maker are slumping 1% pre-market action.
3. Tesla Motors [TSLA]
Tesla Motors shares are racing higher by 3% in pre-market trading on the back of two price-target hikes from brokerages.
4. BlackBerry [BBRY]
BlackBerry shares are roaring 4% higher in the pre-market after Daniel Loeb's Third Point hedge fund revealed a 10-million share stake in the struggling smartphone maker.
5. Waste Management [WM]
Waste Management shares are sinking 2% in the pre-market after the biggest U.S. garbage hauler posted weaker-than-expected quarterly results, coupled with a gloomy full-year outlook.