Stocks held onto gains through the morning session thanks to a number of positive earnings reports. Consumer electronics retailer Best Buy (BBY) and real-estate company Toll Brothers (TOL) both rallied on impressive quarters. New home sales in the U.S. hit a nearly eight-year high in July as strong demand and positive momentum in construction activity benefited the sector. New home sales have risen for five straight months. Agricultural company Monsanto (MON) rose on reports its discussions with Bayer (BAYRY) were advancing toward a deal. Negotiations over a purchase price and termination fee have progressed closer to agreement. Canaccord initiated coverage of Chipotle (CMG) with a HOLD rating and $425 price target. Analysts said the recovery from its food-safety scare was taking longer than expected.
More from Video
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
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'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.