Dow, up 11, is crawling to another record, advancers ahead of decliners 3-2 & NAZ added 9. The MLP index was flattish in the 503s & the REIT index fell 3+ to the 302s. Junk bond funds slid lower & Treasuries continued to see selling. Oil
crude advanced on signs of stronger global economic growth &
concern that political tension in Libya will disrupt supplies. Gold inched higher.
AMJ (Alerian MLP Index tracking fund)
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.7078710594453235)
Facebook's photo-sharing application Instagram will add advertising in Canada, the UK & Australia later this year as CEO Mark Zuckerberg seeks to generate more sales from mobile users. The application, acquired for about $700M in 2012, started to gradually introduce advertising 6 months ago to avoid alienating its user base, which now includes more than 200M members. FB is aiming to make more money off its intl users, which make up the majority of members. Instagram ad sales will be a key part of its mobile strategy, which now includes several applications such as Messenger & Paper, & messaging program WhatsApp after the $19B acquisition closes. “The results for advertisers have been positive -- and in some cases, well above the ad industry’s average for performance,” FB said in the blog post. “We’re excited to build on this momentum, and in the coming months we will extend the same level of care and consideration as we introduce ads on Instagram to our global community.” The stock was up chump change. If you would like to learn more about FB, click this link:
club.ino.com/trend/analysis/stock/FB?a_aid=CD3289&a_bid=6ae5b6f7
Merck, a Dow stock, agreed to buy Idenix Pharmaceuticals (IDIX) for about $3.85B to expand its experimental pipeline for hepatitis C treatments. IDIX holders will receive $24.50 a share in cash, more than triple the closing level on Fri of $7.23. The premium is a record for health-care deals larger than $100M. The acquisition will help MRK in the race to develop a daily, all-oral regimen that treats different strains of the viral infection & doesn’t include ribavirin, a standard treatment for hepatitis C that has serious side effects. In Apr, MRK said its once-a-day hepatitis C pill, which combined 2 drugs, stopped the virus in a mid-stage study in 98% of newly treated patients with few major side effects. “We’ve been talking with Idenix for a long time, & have a long history in this field,” said the pres of Merck Research Laboratories. MRK stock is even & IDIX shot up to about $24. If you would like to learn more about MRK, click this link:
club.ino.com/trend/analysis/stock/MRK?a_aid=CD3289&a_bid=6ae5b6f7
Merck & Co. Agrees to Buy Idenix for $3.9 Billion for Hepatitis C Drugs
Little is going on in the markets. Acquisitions, especially with big premiums, help bring out stock buyers. In addition, there is a lot of optimism of improving economies on China & Europe. Sorry, but I have to leave a little early today, am not able to catch to close. In the final hour, little price movement is expected.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLN14.NYM | ...Crude Oil Jul 14 | ....104.34 |  ...1.68 | (1.6%) |
Facebook's photo-sharing application Instagram will add advertising in Canada, the UK & Australia later this year as CEO Mark Zuckerberg seeks to generate more sales from mobile users. The application, acquired for about $700M in 2012, started to gradually introduce advertising 6 months ago to avoid alienating its user base, which now includes more than 200M members. FB is aiming to make more money off its intl users, which make up the majority of members. Instagram ad sales will be a key part of its mobile strategy, which now includes several applications such as Messenger & Paper, & messaging program WhatsApp after the $19B acquisition closes. “The results for advertisers have been positive -- and in some cases, well above the ad industry’s average for performance,” FB said in the blog post. “We’re excited to build on this momentum, and in the coming months we will extend the same level of care and consideration as we introduce ads on Instagram to our global community.” The stock was up chump change. If you would like to learn more about FB, click this link:
club.ino.com/trend/analysis/stock/FB?a_aid=CD3289&a_bid=6ae5b6f7
Facebook (FB)
Merck, a Dow stock, agreed to buy Idenix Pharmaceuticals (IDIX) for about $3.85B to expand its experimental pipeline for hepatitis C treatments. IDIX holders will receive $24.50 a share in cash, more than triple the closing level on Fri of $7.23. The premium is a record for health-care deals larger than $100M. The acquisition will help MRK in the race to develop a daily, all-oral regimen that treats different strains of the viral infection & doesn’t include ribavirin, a standard treatment for hepatitis C that has serious side effects. In Apr, MRK said its once-a-day hepatitis C pill, which combined 2 drugs, stopped the virus in a mid-stage study in 98% of newly treated patients with few major side effects. “We’ve been talking with Idenix for a long time, & have a long history in this field,” said the pres of Merck Research Laboratories. MRK stock is even & IDIX shot up to about $24. If you would like to learn more about MRK, click this link:
club.ino.com/trend/analysis/stock/MRK?a_aid=CD3289&a_bid=6ae5b6f7
Merck & Co. Agrees to Buy Idenix for $3.9 Billion for Hepatitis C Drugs
Merck (MRK)
Little is going on in the markets. Acquisitions, especially with big premiums, help bring out stock buyers. In addition, there is a lot of optimism of improving economies on China & Europe. Sorry, but I have to leave a little early today, am not able to catch to close. In the final hour, little price movement is expected.
Dow Jones Industrials
I’m a huge fan of INO & from what I have seen so far, their service Marketclub! This isn’t a stripped down version, everything in MarketClub is available to you. I don’t want to give everything away, but you’ll have unlimited access to my favorite 3 tools: Trade Triangles, Smart Scan & Alerts! The best part is that the MarketClub customer support team will be providing UNLIMITED support! You can call or email for an instant response to any question, comment or concern.
Here’s that link:
https://club.ino.com/join/specialtrial/index_free.html?a_aid=CD3289&a_bid=359ef9a3
I’d recommend you jump on this now.
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