A partial shutdown of the federal government, the first since 1996, took effect on Tuesday. Some 800,000 government workers were furloughed. The extent of the negative impact on the economy is unclear.
In recent years, Congress has largely lost its ability to legislate and has abandoned its traditional budget/appropriations process. After three years of “kicking the can down the road” with last-minute deals that failed to address underlying problems, Congress finally so far has chosen not to do even that much this time around.
The ongoing White House policy of “leading from behind” requires no additional comment.
The bigger deadline and challenge will come later this month: the need to raise the nation’s debt limit.
10 Best Construction Stocks To Watch Right Now: Dr. Reddy's Laboratories Ltd(RDY)
Dr. Reddy?s Laboratories Limited, together with its subsidiaries, operates as a pharmaceutical company. It produces finished dosage forms, active pharmaceutical ingredients and intermediates, and biotechnology products. The company also conducts research in the areas of cancer, diabetes, cardiovascular, inflammation, and bacterial infection. In addition, it involves in the contract manufacture generic prescription and over-the-counter products for branded and generic companies in the United States. The company primarily focuses on therapeutic categories of cardiovascular, diabetes management, gastro-intestinal, and pain management. It markets its products in India, the United States, Europe, and the Russian Federation. The company has a co-development and commercialization agreement with Rheoscience A/S for the development and commercialization of Balaglitazone/DRF 2593, a partial PPAR-gamma agonist for the treatment of type 2 diabetes; an agreement with ClinTec Internatio nal for the development of an anti-cancer compound, DRF 1042; collaboration with the National Cancer Institute in Maryland; and an agreement with Argenta Discovery Limited for the joint development and commercialization of a novel approach to the treatment of chronic obstructive pulmonary disease. It also has an agreement with 7TM Pharma for drug discovery collaboration on selected drug targets; and an agreement with GlaxoSmithKline plc to develop and market pharmaceuticals for the treatment of cardiovascular disease, diabetes, oncology, gastroenterology, and pain management. Dr. Reddy?s Laboratories Limited was founded in 1984 and is headquartered in Hyderabad, India.
Advisors' Opinion:- [By Ben Levisohn]
Teva has dropped 7.7% to $37.85 today at 3:23 p.m. but doesn’t seem to be spreading though the generic drug space. Taro Pharmaceuticals (TARO) ha gained 1.1% to $79, while Actavis (ACT) has gained 1.2% to $156.25 and Dr. Reddy’s Laboratories (RDY) has advanced 1% to $40.24. Mylan (MYL) has dropped 0.7% to $38.40.
- [By Seth Jayson]
Dr. Reddy's Laboratories (NYSE: RDY ) reported earnings on May 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Dr. Reddy's Laboratories beat expectations on revenues and beat expectations on earnings per share. - [By Dan Carroll]
The company's generic drug segment should also help push emerging market sales. Abbott markets generic pharmaceuticals outside the U.S. only, and while the division isn't growth-oriented -- sales actually fell around 2% for the quarter -- it provides an entry for the company to push into lucrative new markets such as India, where generics make up the large majority of the country's retail market. The company will face tougher competition in this industry, however: Firms such as India-based Dr. Reddy's (NYSE: RDY ) have also pushed hard into emerging markets lately, and Dr. Reddy's in particular should benefit from its being headquartered in one of the industry's top locales.
Top 5 Stocks To Buy For 2014: Tower Group Inc.(TWGP)
Tower Group, Inc., through its subsidiaries, provides commercial, specialty, and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company offers commercial multiple-peril packages that comprise property, liability, business interruption, equipment breakdown, fidelity, and inland marine coverages; workers? compensation policies; commercial and personal automobile policies; personal packages; and mono-line commercial general liability and commercial umbrella policies for individuals and business owners. It also writes commercial fire and allied lines policies for the protection of commercial buildings; and inland marine insurance protection for the property of businesses that is not at a fixed location and for items of personal property that are easily transportable, including builders risk, contractors? equipment and installation, domestic transit and transportation, fine arts, property floaters, and leased property. In addition, the company provides homeowners and personal dwellings policies, which offer property and liability coverages for one and two-family, and owner-occupied residences; and additional coverage to the homeowner for personal umbrella and personal inland marine. Further, it offers various services, such as underwriting, claims administration, operational and technology services for other insurance companies. The company markets its products and services through its independent retail, wholesale, and program underwriting agents. Tower Group, Inc. was founded in 1989 and is headquartered in New York, New York.
Advisors' Opinion:- [By Monica Gerson]
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Around the Web, We're Loving... Petition urges Wal-Mart, McDonald's to pay more Obama's Syria Waffle Huge Blow to US Credibility in Mideast Microsoft Buys Nokia Phone Unit for $7.2B - And CEO? What Should You Know About AMZN? Most Popular SLIDESHOW: iPad Mini 2 Delay, Leaked iPad 5 Video And More From The First Week Of October Apple TV Vs. Roku Vs. Chromecast Vs. NeoTV Vs. Bravia Smart Stick Earnings Expectations For The Week Of October 7: A New Earnings Season Orange Is The New Black - Companies That Live For Halloween Seven ETFs On A Roll (BIB, SOCL, TAN) Travel Like The Big Boys But On A Budget Related Articles (TWGP) Earnings Scheduled For October 7, 2013 Stocks To Watch For October 7, 2013 Earnings Expectations For The Week Of October 7: A New Earnings Season Benzinga Weekly Preview: US Government Shutdown Looks Set To Continue Benzinga's Top Pre-Market Gainers Benzinga's M&A Chatter for Monday September 30, 2013 View the discussion t - [By Mark Hulbert]
The stocks are C.H. Robinson Worldwide (CHRW) �, a freight-transportation company; chip maker Cirrus Logic (CRUS) �; independent oil company Forest Oil (FST) �; investment bank Greenhill & Co. (GHL) �; Intrepid Potash (IPI) �, a fertilizer company; retailer J.C. Penney (JCP) �; Quest Diagnostics (DGX) �, a medical diagnostic company; Strayer Education (STRA) �, a for-profit college; Tower Group International (TWGP) �, an insurance company; and Windstream Holdings (WIN) �, a rural telecommunications firm.
Top 5 Stocks To Buy For 2014: Market Vectors Coal ETF (KOL)
Market Vectors-Coal ETF�� (the Fund) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (the Coal Index). Van Eck Associates Corporation is the investment adviser to The Fund.
As of December 31, 2007, the Stowe Coal Index consists of the stocks of 60 publicly traded companies. These companies are engaged in the mining and/or transportation of coal, the manufacture of coal mining equipment and the production of clean coal.
Advisors' Opinion:- [By Ben Levisohn]
Coal stocks sure could use a boost. The Market Vectors Coal ETF (KOL) has dropped 23% so far this year, while Peabody Energy�(BTU) has fallen 28%, Alpha Natural Resources (ANR) has declined 27% and Arch�Coal�(ACI)has plunged 38%. Even Consol Energy (CNX), one of the best performers in the sector thanks to some asset sales, has only managed to gain 20%, lagging the S&P 500′s 29% rise.
Top 5 Stocks To Buy For 2014: Emeritus Corporation (ESC)
Emeritus Corporation operates senior living communities in the United States. The company�s communities offer Alzheimer�s and dementia care, independent living, assisted living, specialized memory care, and skilled nursing care services. It also provides management services to independent and related-party owners of assisted living communities. As of November 15, 2012, the company operated approximately 470 senior living communities in 44 states with a resident capacity for approximately 50,000 residents. Emeritus Corporation was founded in 1993 and is headquartered in Seattle, Washington.
Advisors' Opinion:- [By Lisa Levin]
Emeritus (NYSE: ESC) shares gained 3.20% to touch a new 52-week high of $33.18. Emeritus shares have jumped 31.71% over the past 52 weeks, while the S&P 500 index has gained 16.93% in the same period.
- [By John Kell]
Brookdale Senior Living Inc.(BKD) has agreed to merge with Emeritus Corp.(ESC) in a deal that values the operator of long-term, assisted-living facilities at about $1.4 billion, as the companies look to form a national senior-living-solutions company. Emeritus surged 34% to $28.75 premarket.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Emeritus (NYSE: ESC ) , whose recent revenue and earnings are plotted below.
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