Wall Street News Alert: Market Watch: MDXX - September 23, 2010
23 Septembre 2010 - 2:45PM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are: Medex,
Inc. (PINKSHEETS: MDXX), Pfizer Inc. (NYSE: PFE), Amgen (NASDAQ:
AMGN) and Gilead Sciences, Inc. (NASDAQ: GILD).
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Yesterday after the markets closed, Medex, Inc. (PINKSHEETS:
MDXX) issued a press release announcing four strategic hires and
several facilities expansions intended to foster significant
revenue and earnings growth at the Company's Creative Rehab
Technology Services, Inc. and Bee Mobile, Inc. operations.
In related matters, Medex indicated that facility expansions are
in progress at Creative Rehab's headquarters in Chula Vista,
California and that Bee Mobile, in addition to the above referenced
Rancho Cucamonga relocation, has acquired an additional 5,000
square foot repair and warehouse facility in Fontana, California to
improve efficiency and output of its capacities.
Medex also indicated that Bee Mobile is currently finalizing
contractual arrangements with several dealers in the greater Las
Vegas area to provide services and repair."
"Growth in demand for products and service necessitate capital
investment for both plant infrastructure as well as key personnel.
We anticipate that this investment should yield a 30% revenue
growth for both companies combined with previously disclosed
corresponding cumulative net margin improvement," said Paul
Protzman, President of Medex, Inc. "We are encouraged by current
market response to these business lines."
The stock closed yesterday at around Twenty Four cents a
share.
Pfizer Inc. (NYSE: PFE) up 0.4% on 52 million shares traded. At
Pfizer, we apply science and our global resources to improve health
and well-being at every stage of life.
Amgen (NASDAQ: AMGN) up 0.9% on 5 million shares traded. Amgen
discovers, develops, manufactures and delivers innovative human
therapeutics.
Gilead Sciences, Inc. (NASDAQ: GILD) up 0.3% on 9.8 million
shares traded. Gilead Sciences is a biopharmaceutical company that
discovers, develops and commercializes innovative therapeutics in
areas of unmet medical need.
Market Commentary: Gold reached new highs on Tuesday as prices
climbed to a record $1,298.00 an ounce before falling back to
$1,292.10 an ounce.
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