*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
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I love, love, love wall street rumors. More often than not, it provides volatility and range for the stocks spoken about. With that said, earlier today; Bloomberg.com reported that pharmaceutical giant Pfizer is close to an agreement to buy Medivation in a $14 billion dollar deal. If the deal goes through, Pfizer will have Xtandi, a prostate-cancer treatment drug, to add to its list of blockbuster. $MDVN closed on Friday at $67.16 representing a market value of a little over $11 billion. $PFE closed at $34.98 and is currently a few points off its 52 weeks high. Tomorrow can prove to provide a trading opportunity for both stocks. Plan your trade and trade your plan.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.