It was a light day of trading on Wall street as investors stayed on the sidelines over concerns over the World Bank slashing its growth estimates for East Asia.
UnitedHealth (NYSE:UNH) announced it would buy a 90 percent stake in the Brazilian health care provider Amil Participacoes as the company is looking to expand in Brazil. The deal is worth nearly $4.9 billion.
Facebook (NASDAQ:FB) was downgraded by BTIG to "sell" from "neutral" with a price target of $16.
Meanwhile the social networking giant is reportedly planning to cut its $3 billion credit line in half.
Morgan Stanley(NYSE:MS) upgraded Netflix (NASDAQ:NFLX) from equal weight to overweight with a price target of $85, as the firm believes that Amazon.com is not a direct threat to the company.
Tomorrow, we'll take a look at earnings from Alcoa (NYSE:AA) and Yum Brands (NYSE:YUM).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.