Johnson Controls (JCI) was among the best performers on the S&P 500 Wednesday after announcing it is exploring a strategic separation of its automotive business. The company is reportedly also considering purchasing air-conditioning company Lennox International (LII). It was a great day on Wall Street with benchmark indexes closing above 1% and the Dow notching a 230-point increase. Those big gains were kicked off by higher crude oil but solidified after good news out from Greece. The ECB said Wednesday it had raised the amount the Greek central bank can loan to national banks, its largest weekly increase since mid-February.
More from Video
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.