Five Stocks to Watch in May

The U.S. stock market continued its relentless rally in April, with the Dow Jones Industrial Average closing at a new all-time high of 16,580.84 and the S&P hitting a new high of 1897.28 on April 2nd. The market sold off mid-month in part due to geopolitical tensions in the Ukraine, as well as concerns of rising interest rates due to the continued tapering of asset purchases by the Federal Reserve.

Nevertheless, the market recovered its losses and looks poised to make more new highs in May. Stocks to watch for May include Pfizer and Allergan, both involved in takeovers, Apple Inc., Intel and Anadarko Petroleum.

Pfizer, Inc. (PFE) - Pfizer's $100.7 billion bid for UK pharmaceutical giant, Astrazeneca Plc (AZN) has drawn the attention of the UK's parliamentary business, innovation and skills committee. Members of the committee are concerned that the potential takeover could affect the UK's strategic interests. The deal, the largest ever foreign acquisition of a British company, will also allow Pfizer to relocate its tax domicile to the UK in what is known as a

Published on May 1, 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.

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