The top three stocks to look out for this week are Amazon.com, Inc. (NASDAQ:AMZN), Merck & Co., Inc. (NYSE:MRK) and Tyson Foods, Inc. (NYSE:TSN). Bloomberg’s reporters covering the top 10 stocks for Monday and these three stocks were at the top. Let’s take a look on the reasons behind these stocks being at the top:
Amazon.com, Inc. (NASDAQ:AMZN) was on the third spot and the main reason was the new service it has launched to offer management of subscription payments for startups and other smaller companies. This would increase Amazon.com, Inc. (NASDAQ:AMZN)’s horizon as a middle man for third parties. The new service would also excite its investors a lot.
Amazon was at #3 and Merck & Co., Inc. (NYSE:MRK) rose to the second position after the news of its intent to acquire Idenix Pharmaceuticals Inc (NASDAQ:IDIX) for about $3.85 billion at about 239% premium to the shareholders. Merck & Co., Inc. (NYSE:MRK) would pay $24.35 per share and this deal is expected to close in the third quarter.
The #1 stock for this Monday was Tyson Foods, Inc. (NYSE:TSN) and the reason here was another acquisition. The largest meat company in the US offered to buy Hillshire Brands Co (NYSE:HSH) a company that owns brands like Ball park, Jimmy Dean and a lot of others. With this deal closing in, Tyson Foods, Inc. (NYSE:TSN) has to be at #1 as Hillshire Brands is doing pretty well after the announcement of the deal. Tyson will acquire Hillshire for $7.7 billion, or at $63 per share.
While Amazon.com, Inc. (NASDAQ:AMZN) rose due to the new innovative service it started offering, the other two companies rose due to the acquisitions. However, these acquisitions would benefit the combined companies only in a long run and for now the acquired company would gain price to the price per share offered. We might see Merck & Co., Inc. (NYSE:MRK) and Tyson Foods, Inc. (NYSE:TSN) going down for probably a week or more before it goes up again.
The investors that would benefit from this would be Lansdowne Partners who have substantial shares in Amazon numbering approximately around 2.9 million shares. Seth Kalrman’s Baupost Group would be hugely benefitted by the Merck & Co., Inc. (NYSE:MRK) – Idenix Pharmaceuticals Inc (NASDAQ:IDIX) as the firm has a staggering 53.3 million shares approximately. And from the Tyson Foods, Inc. (NYSE:TSN) – Hillshire Brands Co (NYSE:HSH), Ken Griffin’s Citadel Investment Group would be benefitted to an extent as the firm holds around 4.9 million shares. The data on the number of shares is collected until the 31st of march 2014.
The other important gainers on the market were Family Dollar Stores, Inc. (NYSE:FDO) and the prices of this retails chain shooted up after the announcement of Icahn Capital investing in the company. Other than this the other notable market risers for Monday were companies like Sony and McDonalds.