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.
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