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Portfolio Channel Free Dividend Report - Top Ranked Stocks

Today's Big Gainers: GM, GPM, PERY, EXEL
Thursday, May 28, 2:34 PM ET

GM said a committee of bondholders has agreed to a sweetened debt for equity swap deal which would offer the bondholders 10 percent of the company's stock plus warrants to buy up to 15 percent, if they agree to support the sale of the company's assets to a new company under bankruptcy court protection. GM shares gained about 15% Thursday morning, while GM's various publicly traded notes were up about 25%.

Shares of Perry Ellis International (NASDAQ:PERY) climbed over 17% to 8 dollars a share; the company earned 46 cents per share for the quarter, beating analyst expectations of 24 cents. The company had earned 60 cents a share in the same quarter last year. Revenues were hurt by the departure of multiple retailers which filed for Chapter 11, but the decline was somewhat offset by strong performance of the company's golf brands. Net revenue fell just under 10% compared to last year.

Exelixis (NASDAQ:EXEL) and Sanofi-aventis (NYSE:SNY) announced they have signed a global license agreement and development collaboration. Exelixis will receive an upfront cash payment of 140 million dollars, 21 million dollars in research funding, and potential earn-out payments of over a billion dollars depending on the achievement of certain milestones. Exelixis CEO George Scangos said, "Sanofi-aventis has a track record of success in commercializing innovative cancer therapies and is deeply committed to advancing the care of cancer patients. We believe that their expertise and resources will enable us to move aggressively in advancing the development of XL147 and XL765 and other potential PI3K inhibitors [which] may have utility in treating diverse cancers."

Shares of Exelixis were soaring 30% Thursday morning; Sanofi-aventis gained just under 2%.

For Market News Video, I'm Michael Phillips.

Today's Big Gainers: GM, GPM, PERY, EXEL picture
Wednesday 8/27 Insider Buying Report: TSC, ANSSWednesday 8/27 Insider Buying Report: TSC, ANSS
Related symbols: TSC,ANSS
Wednesday 8/27 Insider Buying Report: ARO, BGHWednesday 8/27 Insider Buying Report: ARO, BGH
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Tuesday 8/26 Insider Buying Report: BIOA, CACBTuesday 8/26 Insider Buying Report: BIOA, CACB
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S&P 500 Movers: GRMN, BBYS&P 500 Movers: GRMN, BBY
Related symbols: GRMN,BBY
Nasdaq 100 Movers: ADI, SPLSNasdaq 100 Movers: ADI, SPLS
Related symbols: ADI,SPLS
Dow Movers: V, PFEDow Movers: V, PFE
Related symbols: V,PFE
S&P 500 Analyst Moves: DLPHS&P 500 Analyst Moves: DLPH
Related symbols: DLPH
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Dow Analyst Moves: GEDow Analyst Moves: GE
Related symbols: GE
S&P 500 Analyst Moves: NAVIS&P 500 Analyst Moves: NAVI
Related symbols: NAVI
Wednesday Sector Leaders: Music & Electronics Stores, Oil & Gas Refining & Marketing StocksWednesday Sector Leaders: Music & Electronics Stores, Oil & Gas Refining & Marketing Stocks
Related symbols: RSH,RCII,REX,CZZ
Wednesday Sector Laggards: Agriculture & Farm Products, Education & Training ServicesWednesday Sector Laggards: Agriculture & Farm Products, Education & Training Services
Related symbols: SANW,CRESY,EDMC,APOL
Tuesday Sector Leaders: Apparel Stores, ComputersTuesday Sector Leaders: Apparel Stores, Computers
Related symbols: DSW,WTSL,CRAY,STRP
Wednesday's ETF with Unusual Volume: IGVWednesday's ETF with Unusual Volume: IGV
Related symbols: IGV,MSFT,ZNGA,BLKB,SLH
Wednesday's ETF Movers: ILF, GXCWednesday's ETF Movers: ILF, GXC
Related symbols: PBR.A,ITUB,YGE,BITA,GXC,ILF
XLU, SMLL: Big ETF OutflowsXLU, SMLL: Big ETF Outflows
Related symbols: XLU,SMLL,DUK,NEE
Daily Dividend Report: BBY, SLH, CSCO, DE, BDC, GEFDaily Dividend Report: BBY, SLH, CSCO, DE, BDC, GEF
Related symbols: BBY,SLH,CSCO,DE,BDC,GEF
Daily Dividend Report: BMO, HRS, ZMH, SIG, XYL, DSW, ARP, MOVDaily Dividend Report: BMO, HRS, ZMH, SIG, XYL, DSW, ARP, MOV
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Daily Dividend Report: WLK, TW, LOW, PPL, SYY, JKHY, DDS, CATYDaily Dividend Report: WLK, TW, LOW, PPL, SYY, JKHY, DDS, CATY
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Week Ahead Market Report: August 25, 2014Week Ahead Market Report: August 25, 2014
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Week Ahead Market Report: August 18, 2014Week Ahead Market Report: August 18, 2014
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Symbol Cloud:   AAPL   ADXS   AEO   AGRO   AIG   ANF   BA   BAC   BBY   BIG   BRCD   CHLN   CRESY   CRM   CTL   DKS   DLTR   DSW   EDMC   EPE   FL   GCO   GDX   GE   GILD   GMAN   GMCR   GME   GPRE   GPS   GRO   HD   HGSH   HQH   HSP   HTZ   IGV   INTU   ISIS   ITMN   IWM   JCP   JEC   JOY   JWN   KIE   LUN.CA   LZB   MCP   MGEE   MT   MTB   NEE   NOC   PBYI   PETM   PPL   RBY   RGLD   RIG   RMX.CA   RSH   SANW   SCCO   SCOK   SE   SLH   SPLS   SPW   SPY   SSRI   STRP   T   TIF   TJX   TLT   UNH   UNP   VAL   VLY   VXF   WHR   WM   WMB   WMT   XLI   XLU   XOM   XPP
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Today's Big Gainers: GM, GPM, PERY, EXEL | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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