MarketWatch: 10 stocks making investors the most money today: Tuesday September 08, 2015

10 stocks making investors the most money today

By Philip van Doorn

Published: Sept 8, 2015 6:11 p.m. ET

U.S. shares post strong gains following a hopeful day for stocks in
China

to be acquired by Emera Inc.

By

Philipvan Doorn

Investing columnist

Updated with closing prices.

After the extended Labor Day weekend, investors came back with
conviction Tuesday, sending the S&P 500 up 2.5%.

The increase in the U.S. benchmark followed a 2.9% increase for the
Shanghai Composite Index SHCOMP, +2.92% on investors’ expectations
that China’s government will take more steps to stimulate the
country’s economy.

Also Tuesday, Chinese regulators announced a plan for a ‘circuit
breaker’ to help limit panic selling.

A major concern of U.S. investors is whether the Federal Open Market
Committee will decide during its meeting next Tuesday and Wednesday to
raise short-term interest rates. The federal funds rate has been locked
in a range of zero to 0.25% since late 2008. An increase of a quarter
point really wouldn’t mean much, although it could cause some
panic-selling of stocks.

But a sustained increase in the federal funds rate bodes well for most
banks, which would benefit from higher rates. The S&P 500 financial
sector trades for 12.6 times aggregate 2015 estimated earnings,
according to analysts polled by FactSet, while the S&P 500 SPX,
+2.51% trades for 16.2 times.

Investors are anticipating a major rollout of new products by
Apple Inc. AAPL, +2.78% at the company’s hardware event Wednesday.
The iPhone maker’s shares rose 2.8% Tuesday.

The S&P 500 is down s.3%o far this year. The S&P 500 has slumped 7.6%
from its closing high May 21.

Here are the 10 S&P 500 stocks with the largest gains in the first
minutes of trading on Tuesday:
Company Ticker Industry Price increase Decline from 2015 closing high
Teco Energy Inc. TE, +25.01% Electric Utilities 25.0% N/A
Microchip Technology Inc. MCHP, +9.41% Semiconductors 9.4% -14.4%
Regeneron Pharmaceuticals Inc. REGN, +8.55% Biotechnology 8.6%
-8.4%
E-Trade Financial Corp. ETFC, +7.49% Investment Banks/ Brokers
7.5% -12.5%
Freeport-McMoRan Inc. FCX, +7.11% Precious Metals 7.1% -56.0%
Analog Devices Inc. ADI, +7.06% Semiconductors 7.1% -16.0%
Charles Schwab Corp. SCHW, +6.87% Investment Banks/ Brokers 6.9%
-12.2%
Xilinx Inc. XLNX, +6.71% Semiconductors 6.7% -11.5%
Avago Technologies Ltd. AVGO, +6.61% Semiconductors 6.6% -12.8%
SanDisk Corp. SNDK, +5.70% Electronic Components 5.7% -43.0%
Source: FactSet

The best performer was Teco Energy Inc. TE, +25.01% whose shares
surged 25% to $26.34 after the electric utility reached an
agreement to be acquired by Emera Inc. EMA, -4.63% for $27.55 a
share, or $10.4 billion. The agreement was announced after the market
close Friday. The companies said the offer represented a premium of 48%
to the ‘unaffected closing share price’ of July 15. It was a premium of
31% to Friday’s closing price of $21.07.

Teco’s shares were up 6% this year through Friday. The shares were
trading 4.4% below the takeout price on Tuesday, showing the inherent
risk in utility deals requiring approval of state and federal
regulators.

Back in June 2014, Teco was included in our list of 10 laggard
stocks that were positioned for large takeout premiums.

Here are the same 10 stocks, showing the implied 12-month upside
potential, based on consensus price targets among analysts polled by
FactSet. We have also included the share of analysts who rate each
stock ‘buy’ or ‘outperform’:
Company Ticker Closing price – Sept. 8 Consensus price target Implied
12-month upside potential Share of analysts rating stock ‘buy’ or
‘outperform’
Teco Energy Inc. TE, +25.01% $26.34 $24.30 -8% 0%
Microchip Technology Inc. MCHP, +9.41% $44.86 $48.36 8% 47%
Regeneron Pharmaceuticals Inc. REGN, +8.55% $542.76 $604.57 11%
60%
E-Trade Financial Corp. ETFC, +7.49% $27.27 $33.00 21% 76%
Freeport-McMoRan Inc. FCX, +7.11% $10.40 $18.91 82% 61%
%Analog Devices Inc. ADI, +7.06% $57.77 $67.17 16% 48%
Charles Schwab Corp. SCHW, +6.87% $31.10 $36.13 16% 61%
Xilinx Inc. XLNX, +6.71% $42.76 $42.96 0% 26%
Avago Technologies Ltd. AVGO, +6.61% $129.16 $161.05 25% 87%
SanDisk Corp. SNDK, +5.70% $55.85 $65.53 17% 43%
Source: FactSet

MarketWatch Article Source Here.

As of: Tue Sep 8 18:22:35 MDT 2015