Five Stocks to Watch in February

2014 started out with a bang, as the S&P 500 Index reached a new all-time high of 1850.84 on January 15th. While the Dow, which made its all-time high in December, was still trading at 16,500 in early January, since then, the market has sold off sharply, with the S&P 500 Index losing over -100 points and the Dow off -1,000. February begins with the market continuing to show weakness, nevertheless, here are five stocks that have been in the news lately to keep an eye on in February.

Men's Wearhouse Inc. (MW) - Men's Wearhouse has been in a heated battle with Jos.
A. Bank Clothiers (JOSB) since Jos. A. Banks bid $48 per share for the company in October. Last Thursday, Men's Wearhouse, who had counterbid Jos. A. Banks with a $57.50 per share offer in early January, offered to sweeten their bid if certain conditions were met. In a letter rejecting the Men's Wearhouse offer, Jos. A. Bank's board accused the Men's Wearhouse of undervaluing their stock and was reportedly in talks to buy Eddie Bauer.

Intercept Pharmaceuticals (ICPT) - After a week which saw Intercept Pharmaceuticals stock trade from $75 per share to $275 on January 9th, to a high of $497 on January 10th, the stock has stabilized somewhat at the $300 per share level. The stock soared after news that in its phase 2b Flint trial, the company's obeticholic acid (OCA) treatment for nonalcoholic steathohepatitis (NASH) had been successful halfway through the trials. NASH is a disease caused by fat deposits accumulated in the liver through a faulty diet which can lead to cirrhosis.

Google Inc. (GOOG) - Google reported strong fourth quarter earnings last week, with Google stock making a new all time high of $1,186.54 on January 31st. The stock has just been upgraded to

Published on Feb 6, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

Posted in ...