In case you were wondering why investors went bananas over Chiquita stock (NYSE: CQB) this week, we have the full story.
- Chiquita Stock (NYSE: CQB) Soars as Tax Inversion Deals Hit Banana Industry
- Today's Stock Market News Driven by AMZN Spat and Tax Inversion Deals
Stock market news today, August 12, 2014: U.S. stock markets jumped modestly Monday as they continued to recover from a recent reversal. Investors remain guarded about geopolitical concerns in Ukraine, Gaza, and Iraq, although easing tensions in some of those recent hotspots may be giving stocks a lift.
The consumer staples led today's gains, propelled by a positive earnings report by Sysco Corp. (NYSE: SYY), which saw shares increase by more 3% after its announcement. Shares of Tesla Motors Inc. (Nasdaq: TSLA) were also up 4.5% after the company received another upgrade from Deutsche Bank AG (NYSE: DB).