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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has for all intents and purposes gone vertical since getting a notably strong 18-4 FDA advisory panel recommendation that its obesity drug lorcaserin be approved. Shares have quadrupled in the last two months but took a rest in the past two trading sessions while investors book profits. But this path could change dramatically in 24 hours, as a big binary event, Arena’s June 27 PDUFA date looms on the horizon.
Microsoft Corporation (NASDAQ:MSFT): Although plans for an October release of Windows 8 have been leaked, Russian Windows blogger “Wzor” sparked speculation that the product might be on the market as early as July, PC World reports.
First Horizon National Corporation (NYSE:FHN) rises thanks to word it will take a $272M charge for bad mortgages it might be required to buy back from Fannie and Freddie. This is not good news for a bank owner, other than relieving some uncertainty. Morgan Stanley upgraded First Horizon to Overweight.
JPMorgan Chase & Co. (NYSE:JPM) is planned to see $5.32/share in 2013, according to Eddy Elfenbein. This will make EPS higher next year than it was in 2006 and 2007 when the stock traded for above $53 (Monday’s close was $35.52).
Regions Financial Corporation (NYSE:RF) is vowing to make banking easier, debuting a series of “Quick Guides” for businesses and consumers. The largest bank in Alabama announced these Quick Guides are intended to answer questions regarding checking accounts and loan products. This is part of a drive to bring clearness and understanding to customers.
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