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  • Stocks in Focus Monday | 10/25/2010 | MNTA | SNY | RSH | LO |

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    Monday Oct. 25, 2010, 00:58 am EST
     
    Stocks to Watch on Monday - MNTA, SNY, RSH, LO
     
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    Stocks in Focus Monday 10/25/2010  are
    MNTA- Momenta Pharmaceuticals, Inc.
    SNY- Sanofi-Aventis SA (ADR)
    RSH- RadioShack Corporation
    LO- Lorillard Inc.
    MNTA - Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA)
    Swiss drug giant Novartis (NYSE: NVS) earlier reported that its biosimilar drug enoxaparin, a copy of sanofi-aventis' (NYSE: SNY) blood thinner Lovenox, exceeded their expectations with sales of $292 million for the quarter. This is a great news for Momenta Pharmaceuticals as co developers of the drug. Momenta which was not profitable till recently looks in good shape now.
     
    SNY-Sanofi-Aventis SA (ADR) (NYSE:SNY)
    The Good News for Momenta is obviously a bad one for Sanofi as they are loosing revenue of their blockbuster drug. To add to the problems, Genzyme Corp. came up with better than expected results. Sanofi's current hostile bid of $69 per share for Genzyme might not be lucrative enough for the share holders now. That means we will see more exciting takeover drama.
    RSH- RadioShack Corporation (NYSE:RSH)
    RadioShack Corp. (NYSE:RSH) will be announcing 3rd quarter results before the opening bell Monday, October 25, 2010. Analysts are expecting the company to report earnings of 35 cents per share on revenue of $1.04 billion. In the year ago period, the company reported earnings of 30 cents per share on revenue of $990.00 million. Radioshack's business has been hurt.
     


    LO- Lorillard Inc. (NYSE:LO)
    Lorillard, Inc. (NYSE:LO) will be announcing 3rd quarter results before the market open on Monday, October 25, 2010. Analysts are expecting the company to report earnings of $1.64 per share on revenue of $1.01 billion. In the year ago quarter, the company reported earnings of $1.44 per share on revenue of $953.00 million.

     

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