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While Washington Stews, You Can Cash In on the Biggest "Tax-Inversion" Deal in History

Back in June 2012, we recommended that you pick up shares of Big Pharma player Abbott Laboratories Inc. (NYSE: ABT). The reason: Abbott was planning to split in two at the end of the year, meaning folks who took our advice would end up with stakes in two companies for the price of one.

There was more than bargain-basement thinking at work here.

You see, these corporate breakups – known as spin-offs – have a habit of turning into market-beating profit plays. And the newly minted spin-off firms often end up as takeover fodder – also at big profits.

Abbott followed part of that blueprint.

  • Stock Market Today

  • Dow Jones Today Surges on Janet Yellen Comments Janet_Yellen_Headshot

    Dow Jones today: At the closing bell, the Dow Jones Industrial Average surged 134.60 points to finish at 16,457.66. The Nasdaq increased 43.24 points to finish at 4,198.99, while the S&P 500 was up 14.72 points to finish at 1,872.34.

    Here's a recap of other major events today.

    To continue reading, please click here...
  • Today's Stock Market News: Obamacare Deadline Arrives

    Today's stock market news, March 31, 2014: The Dow Jones Industrial Average rose 58.8 points on Friday to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.

    Monday kicks off a busy week of economic data on the global economy. Multiple central banks will hold April policy meetings while U.S. investors will find out whether or not the winter weather has hindered job growth across the nation.

    Here are the other stories moving markets today:
  • Dow Jones Today Ends Up, with TSLA, AAL, and BBRY in Focus

    Stock market today, March 28, 2014: At the closing bell, the Dow Jones Industrial Average rose 58.8 points to finish at 16,323.0. The Nasdaq increased 4.5 points to finish at 4,155.7, while the S&P 500 rose 8.5 points to close at 1,857.6.

    Investors are looking forward to next week, with a huge March jobs report slated for Friday, April 4.

    To continue reading, please click here...
  • Stock Market Today – Banks Behave Badly, U.S. Energy Boom

    Top stock market news today, March 28, 2014: The Dow Jones Industrial Average fell 4.76 points to finish at 16,264.23. The Nasdaq dropped 22.35 points finish at 4,151.23, while the S&P 500 slid 3.52 to close at 1,849.04.

    Meanwhile, gold prices fell $8.70 to close at $1,294.70 - below the $1,300 threshold for the first time in six weeks.

    Friday's data will center on consumer income in February, an examination of February consumer spending, and a much anticipated look at March consumer sentiment.

    To continue reading, please click here...
  • Stock Market Today: Dow Jones Industrial Average Falls on Fed Worries

    In the stock market today, all three major U.S. indices closed lower as concerns that the U.S. Federal Reserve might raise rates sooner than expected continued to weigh on traders' minds.

    At the closing bell, the Dow Jones Industrial Average fell 4.76 points to finish at 16,264.23. The Nasdaq dropped 22.35 points finish at 4,151.23, while the S&P 500 slid 3.52 to close at 1,849.04. Meanwhile, gold prices fell $8.70 to close at $1,294.70 - below the $1,300 threshold for the first time in six weeks.

    Here's a recap of other major events today.
  • The Biggest Stock Market News Today, March 27, 2014

    Biggest Stock market news today, March 27, 2014: The Dow Jones Industrial Average dropped 98.89 points to finish at 16,268.99 on Wednesday. The Nasdaq fell 60.69 points close at 4,173.58, while the S&P 500 slipped 13.06 points to settle at 1,852.56.

    On Thursday, investors will be looking to GDP revisions and for any good news in the housing market. A gain in pending home sales would be surprising, and would increase the summer outlook for home sales.

    To continue reading, please click here...
  • Dow Jones Industrial Average Drops Nearly 100 Points Today, and Other Top News

    At the closing bell, the Dow Jones Industrial Average dropped 98.89 points to finish at 16,268.99. The Nasdaq fell 60.69 points finish at 4,173.58, while the S&P 500 was down 13.06 points to settle at 1,852.56.

    Here's a recap of other major events today.

    To continue reading, please click here...
  • Today's Pre-Market Trading Report

    Pre-market trading report, March 26, 2014: The Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88 on Tuesday. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62. Global stocks are up on positive U.S. economic data and an improved outlook on Ukraine.

    Today's durable goods report is the most important data input of the week. A second solid gain would increase the outlook for the manufacturing sector. Meanwhile, Asian shares struck a two-week high this morning as investors saw good news on improved economic data and expectations that China will ramp up stimulus spending to keep its economy running above 7.5% growth.

    To continue reading, please click here...
  • Dow Jones Industrial Average Today Erases Monday's Losses – Here's Your Recap

    At today's closing bell, the Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62.

    Here's a recap of other major events today:

    To continue reading, please click here...
  • Stock Market Today: News and Earnings Calendar

    Stock market today, March 25, 2014: The Dow Jones Industrial Average dropped 0.16% on Monday to finish the day at 16,276.89. The Nasdaq slumped 1.18% to 4,226.38, while the S&P 500 shed 0.49% to 1,857.46.

    Here are today's five biggest stories and how they're impacting the markets:

    To continue reading, please click here...
  • The Huge Economic Indicator Everyone Misses If you like bull markets, you better hope Janet Yellen is one of the most talkative Fed Chairs in history. It's not that she's going to say anything brilliant or insightful, just that she says something... anything... on a regular basis. You see, there's a direct relationship between how much she says and what's happening in the markets. What she says is almost completely irrelevant. I know people spend hours agonizing over the slightest nuances in each statement, but really none of those things matters. Unless you are a policy wonk, Fed statements are pretty consistently useless pontifications made every 6 to 8 weeks by the head of a supposedly independent financial body that is, in fact, a highly politicized entity. The Fed exercises little if any control over variables and targets that it changes at will and deems relevant at its sole discretion. Harsh? You bet. But not without merit... Full Story Read More...
  • Post-Market Report: Dow Jones Industrial Average Starts Week on Down Note

    At the closing bell, the Dow Jones Industrial Average fell 25.82 points to finish at 16,276.95. The Nasdaq dipped 50.4 points to finish at 4,226.38, while the S&P 500 hit an intraday all-time high before falling 9.07 points to close at 1,857.46.

    Here's a recap of other major events today:

    To continue reading, please click here...
  • Today's Stock Market News and Earnings Calendar

    Today's stock market news, March 24, 2014: The Dow Jones Industrial Average declined on Friday slightly by 0.19% to close at 16,300.45; last week, the Dow gained 1.45%, or 232.83 points.

    On Friday, the Nasdaq slipped 42.50 points to finish at 4,276.79, while the S&P 500 dropped 5.49 points to end the day at 1,866.52.

    Now here are the stories moving markets today:

    To continue reading, please click here...
  • The Dow Jones Industrial Average Ends Week on a Bullish Note

    At the closing bell, the Dow Jones Industrial Average declined slightly by 0.19% to close at 16,300.45; for the week ending today (Friday), March 21, 2014, the Dow gained 1.45%, or 232.83 points.

    The S&P 500 hit an intraday all-time high before falling to close down 0.29% at 1,866.60. The Nasdaq fell 0.98% to finish at 4,276.79. Silver prices recovered after a tough response from the Federal Open Market Committee (FOMC) meeting on Wednesday.

    Here's a recap of today's top stock market news.

    To continue reading, please click here...
  • This Cutting-Edge Drug Has Endocyte (Nasdaq: ECYT) Stock Soaring Pharma nasdaq: ecyt

    Endocyte Inc. (Nasdaq: ECYT) stock skyrocketed over 130% today (Friday) after the Indiana-based biopharma won market approval for its first drug, a cancer therapeutic called "vintafolide." The drug was developed in collaboration with Merck & Co. (NYSE: MRK).

    Today, Merck announced the European Committee for Medicinal Products for Human Use (CHMP) issued a positive opinion of vintafolide, along with its companion imaging agent, etarfolatide. The drugs were part of a group CHMP voted to approve during a March 17-20 meeting.

    To continue reading, please click here...