We note that Arzerra was approved in Oct 2009 for the treatment of patients with chronic lymphocytic leukemia (CLL), a type of blood cancer, refractory to Sanofi�� (SNY) Campath (alemtuzumab) and Fludara (fludarabine). In the first quarter of 2013, Glaxo reported Arzerra revenues of 拢21 million, up 67% from the year-ago quarter.
Glaxo and Genmab are looking to expand the label of Arzerra. In May 2013, Glaxo and Genmab announced encouraging top-line data from a phase III study (n = 447) which compared the efficacy of Arzerra as an adjunct to another oncology drug at Glaxo, Leukeran (chlorambucil) in treatment-naive CLL patients versus Leukeran alone.
Top Machinery Companies To Invest In 2015: CarMax Inc(KMX)
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. In addition, the company provides customers financing alternatives through its finance operation, CarMax Auto Finance, as well as through its third-party financing providers. Further, it offers a range of other related products and services, including the sale of extended service plans, guaranteed asset protection, and accessories; the appraisal and purchase of vehicles directly from consumers; and vehicle repair services. As of December 21, 2011, the company operated 107 used car superstores in 52 markets. CarMax, Inc. was founded in 1993 and is headquartered in Richmond, Virginia.
Advisors' Opinion:- [By Rick Aristotle Munarriz]
M. Spencer Green/AP CarMax (KMX) reported quarterly results last week. The market didn't like it. Shares of the leading used-car dealer fell by 4 percent on Friday, carrying over into another 4 percent loss on Monday. It wasn't a bad report -- Wall Street was just holding out for a better overall performance as sales and earnings fell short of expectations. CarMax's report offers a great glimpse into trends of the resale market, which tops the 16 million or so new cars sold every year. Let's go over a few things that CarMax was taught us this time around. CarMax's Model is Gaining Popularity Used-car salesmen used to have a shady reputation, but today's youth will probably have to stream a copy of "Used Cars," a 1980 film with Kurt Russell, to get that feeling. No longer do we automatically think of slick-talking salesmen trying to unload lemons. CarMax offers an experience that's a lot closer to new car showrooms with clean floors, massive selection and sales reps that don't necessarily have a hidden agenda because the cars are sold at haggle-free prices. What you see is what you will pay. Potential car buyers seem to like it that way. CarMax claims that its market share has risen by 17 percent over the past year in terms of its core product of selling cars that are no more than 10 years old. Folks Prefer Newer Used Cars The economy's improving, but that doesn't mean that everyone can afford a new car. In fact, CarMax posted its best store-level comps growth in terms of the number of vehicles sold at its lots since 2002. It sold 12 percent more used cars at the individual store level last year than it did in 2012. However, these folks still don't want to drive really old cars. CarMax revealed during its conference call that 70 percent of its sales are for vehicles that are 4 years old or newer. It's Getting Hard for Drivers with Bad Credit to Get the Keys One of the negative surprises in CarMax's report is that the number of car sales going through t
- [By Rex Moore]
In this installment of Investor Beat, Motley Fool analysts Matt Koppenheffer and Jason Moser explain why they're keeping a close eye on shares of CarMax (NYSE: KMX ) and Facebook (NASDAQ: FB ) .
5 Best US Stocks To Watch For 2014: Societe B I C SA (BB)
Societe B I C SA is a France-based company specialized in the manufacturing of stationery products, lighters and shavers. The Company's portfolio of trademark brands belong: BIC, Sheaffer, BIC Kids, Wite-out, Pimaco and Tipp-ex, among others. Channels of distribution include stationery stores, office product companies, mass-merchandisers, convenience stores, wholesalers and cash and carry outlets. It operates worldwide through numerous subsidiaries in Europe, Middle East, Africa Northern America, Latin America, Asia and Oceania. In addition, the Company provides, via BIC Graphic and Norwood PP, advertising and promotional products for marketing purposes to companies around the world, as well as a range of windsurfing boards, kayaks and others, under the brand BIC Sport. Advisors' Opinion:- [By Eric Lam]
Bankers Petroleum Ltd. (BNK) climbed a fourth day to the highest level in a year. Endeavour Silver Corp. rose 2.1 percent as silver prices rallied for a seventh straight day, the longest streak since January. BlackBerry Ltd. (BB) fell 3.9 percent.
- [By Eric Lam]
Canadian stocks fell for a second day as BlackBerry (BB) Ltd. plunged the most in three months and gold producers slumped after a Federal Reserve policy maker said a small tapering of bond buying is possible next month.
- [By Eric Lam]
Trilogy Energy Corp. soared 11 percent after providing an update on its operations in Alberta. Telus Corp. and Rogers Communications Inc. (RCI/B) slipped at least 1 percent after an analyst with Canadian Imperial Bank of Commerce lowered his price targets for the nation�� largest wireless carriers due to regulatory risks. BlackBerry (BB) Ltd. increased 0.7 percent to snap three days of losses after reporting second-quarter earnings.
- [By Eric Lam]
Canadian stocks fell, sending the benchmark index to a three-week low, as BlackBerry Ltd. (BB) slumped and the U.S. government shutdown extended to a third day.
5 Best US Stocks To Watch For 2014: H&Q Life Sciences Investors (HQL)
H&Q Life Sciences Investors (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investment in life science companies (including biotechnology, pharmaceutical, diagnostics, managed healthcare and medical equipment, hospitals, healthcare information technology and services, devices and supplies) agriculture and environmental management. The Fund invests primarily in securities of public and private companies.
The Fund may invest in venture capital and other restricted securities if these securities would comprise 40% or less of net assets. The Fund may purchase and sell (or write) put or call options on any security in which it is permitted to invest. It may purchase and sell (write) options on stock indices (index options). H&Q Life Sciences Investors��investment advisor is Hambrecht & Quist Capital Management, LLC.
Advisors' Opinion:- [By Nate Pile]
This recommended fund��ambrecht & Quist Life Sciences Fund (HQL)��as also our top pick last year, and the fund rose 44% in 2013.
In addition to rising in value, the fund has a dividend policy of paying out 2% of its net asset value of each quarter.
5 Best US Stocks To Watch For 2014: iShares Short Treasury Bond ETF (SHV)
iShares Lehman Short Treasury Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the short-term sector of the United States Treasury market as defined by the Lehman Brothers Short U.S. Treasury Index (the Index). The Index includes all publicly issued United States Treasury securities that have a remaining maturity of between 1 and 12 months, and have more than $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars, and must be fixed-rate and non-convertible securities. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes, and state and local government series bonds (SLG5), and coupon issues that have been stripped from assets that are already included in the Index.
The Index is a market capitalization-weighted index. The Fund generally will invest at least 95% of its assets in the United States Government bonds. The Fund invests in a representative sample of the securities in the Index, which has a similar investment profile as the Index. The Fund�� investment advisor is Barclays Global Fund Advisor.
Advisors' Opinion:- [By Donald van Deventer]
Shorter-duration Treasury Exchange-Traded Funds: (SHY), (SHV), (IEI), (BIL), (TUZ), (FIVZ), (DTUL), (VGSH), (DTUS), (DFVS), (DFVL), (SST), (ISTB), (TBZ).
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