Stocks in News (MRK, F, BP) : by Penny Stock Pick Report

Share price of global healthcare company Merck & Co. Inc. (NYSE: MRK) was up marginally by 0.56% and trading at $35.63. The stock seems to be resting after the yesterday’s rally of nearly 2.25%. Today, the stock touched an intra-day high of $35.85 and an intra-day low of $35.33.

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The Company announced today that it is all ready to phase out operations at 8 manufacturing plants and eight R& D sites worldwide. This step is in line with the acquisition of Schering-Plough made by the company last year. The restructuring program will cost some money for the company which it is planning to charge against the Q2 earnings.

Merck & Co. Inc. is a global health care company that delivers health solutions through its medicines, vaccines, biologic therapies, and consumer products.

Stock price automotive giant Ford Motor Company (NYSE: F) was up by nearly 1 % in early trade today at $10.68. The stock touched an intra-day high of $10.83 and an intra-day low of $10.55.

The company today made an announcement of including James H. Hance, Jr. to the company’s board of directors. Hance is the former Chief Financial Officer and vice-chairman of Bank of America.

Analysts are bearish on the Ford Motor Company stock as it is near its resistance level of $10.63.

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ADRs of international oil and gas company BP Plc (ADR) (NYSE: BP) are nearly up by 0.15% and trading at $33.24.  BP ADRs touched an intra-day high of $33.90 and an intra-day low of $33.07.

BP is said to be running to fix its runaway Gulf oil well by 27th July, week before the deadline announced by the company to its investors. The company is expected to report its Q2 earnings on the same day.

Analysts at Royal Bank of Scotland are quite bullish on the company and have raised their rating on it from ‘Hold’ to ‘Buy’.

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