DALLAS, Texas 4/8/2009 2:50:24 AM
News / Finance

Technical Trade Alerts on Newsworthy Market Movers: LUV, PFE, BYI, AMAT, LB, XRX

Beacon Equity Research announces the release of Trade Alerts covering market movers:  Southwest Airlines Co. (NYSE: LUV), Pfizer Inc. (NYSE: PFE), Bally Technologies Inc. (NYSE: BYI), Applied Materials Inc. (Nasdaq: AMAT), LaBarge Inc. (AMEX: LB) and Xerox Corp. (NYSE: XRX).

 

In the Trade Alert, the author highlights Southwest Airlines’ offering of eight daily flights from New York City's LaGuardia Airport:

 

Southwest Airlines Co. (LUV) shares dropped 6.95% to $6.83 in today’s midday trading. Southwest Airlines Co. operates as a passenger airline that provides scheduled air transportation in the United States. The low-cost carrier recently announced it would begin eight daily flights from New York City's LaGuardia Airport to Chicago Midway and Baltimore-Washington airports, beginning June 28. Putting pricing pressure on its rivals, Southwest is reportedly offering these new flights with fares as low as $89 one-way for Chicago flights and $49 one-way for Baltimore/Washington flights with a 14-day advance purchase.

 

The Trade Alert author also featured Pfizer’s plans to form two distinct research organizations after Wyeth merger:

Pfizer Inc. (PFE) shares slipped 1.09% after noon today, trading at $13.56. Pfizer is a research-based, global pharmaceutical company. Looking forward to completing Wyeth acquisition, a deal valued at $68 billion, Pfizer said it will create positions for two research chiefs upon its completion of the acquisition of the smaller drug company. According to the report, Pfizer's current R&D Chief Executive Martin Mackay will lead the small-molecule researchers, while Wyeth's R&D leader Mikael Dolsten will oversee the large-molecule efforts. The company also plans to keep eight senior executives from Wyeth upon the merger, which is still in the midst of the regulatory review process. … Pfizer looks forward to completing the acquisition by the end of the third quarter or in the fourth quarter. It said it will have nine global healthcare businesses after the merger, including nutritionals and consumer units to be acquired from Wyeth.”


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Beacon Equity Research
Jeff Bishop, (469)-252-3505
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