Last week, stocks had their best week since April. Today, they’re set to continue their winning ways.
John Taggart for The Wall Street S&P 500 futures have gained 0.3%, while Dow Jones Industrial futures have risen 0.3%. Nasdaq Composite futures have advanced 0.4%.
Shares of InterMune (ITMN) have jumped 36% to $73.40 after Roche (RHHBY) said it would buy the drug maker for $8.3 billion.
Burger King Worldwide (BKW) has climbed 7.9% to $29.25 on reports that the hamburger joint is considering the purchase of Canadian coffee-outlet Tim Hortons (THI) for the tax benefits. Tim Hortons has gained 15% to $72.00.
Hot Stocks To Watch Right Now
United States Steel (X) has risen 1.8% to $38.49 after it was upgraded to Outperform from Underperform at Credit Suisse.
Madison Square Garden (MSG) gained 1.3% to $65.91 in after-hours trading on Friday after JAT Capital Management reported that it had taken a 6.7% stake in the owner of the New York Knicks and would push it to create more value for shareholders.
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