Morning Buzz : CSX Corp. (NYSE:CSX), AbbVie Inc. (NYSE:ABBV), ePlus inc. (NASDAQ:PLUS), Boston Beer Co. Inc. (NYSE:SAM), Anadarko Petroleum Corporation (NYSE:APC)

Technology Stocks News 10

CSX Corp. (NYSE:CSX) Chief Executive Michael Ward said on Wednesday that railroad industry mergers could exacerbate congestion and traffic problems, not alleviate them. Mr. Ward wouldn’t directly address Canadian Pacific Railway Ltd.’s proposed merger with CSX during his company’s third-quarter earnings conference call with analysts. CSX Corp. (NYSE:CSX) belongs to Services sector. Its net profit margin is 14.70% and weekly performance is 4.73%. On last trading day company shares ended up $32.98. CSX Corp. (NYSE:CSX) distance from 50-day simple moving average (SMA50) is 6.27%.

AbbVie Inc. (NYSE:ABBV) ‘s board is recommending stockholders vote against its $55 billion takeover offer for drugmaker Shire after tax changes reduced the financial advantages of the deal. AbbVie Inc. (NYSE:ABBV) shares increased 0.92% in last trading session and ended the day at $54.63. ABBV Gross Margin is 76.40% and its return on assets is 14.50%. AbbVie Inc. (NYSE:ABBV) quarterly performance is 2.84%.

On Oct. 7, ePlus inc. (NASDAQ:PLUS) announced that its subsidiary, ePlus Technology, inc., has been named an HP Gold Cloud Builder Specialist partner. By earning this designation, ePlus has demonstrated its expertise in the design, implementation, and maintenance of HP Cloud computing environments and solutions and can help transition its customers to the cloud with an industry-leading private cloud, HP CloudSystem. On 15 October, ePlus inc. (NASDAQ:PLUS) shares increased 0.79% and was closed at $58.47. PLUS EPS growth in last 5 year was 23.50%. ePlus inc. (NASDAQ:PLUS) year to date (YTD) performance is 2.87%.

Investment analysts at Cowen and Company started coverage on shares of Boston Beer Co (NYSE:SAM) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $250.00 price target on the stock. Cowen and Company’s price objective would indicate a potential upside of 14.43% from the company’s current price. Boston Beer Co. Inc. (NYSE:SAM) ended the last trading day at $222.82. Company weekly volatility is calculated as 2.89% and price to cash ratio as 92.83. Boston Beer Co. Inc. (NYSE:SAM) showed a weekly performance of 3.05%.

On Oct 09, Anadarko Petroleum Corporation (NYSE:APC), one of the largest oil and gas producers in the booming Eagle Ford shale formation in south Texas, does not for now plan to develop Mexican projects across the border, a company executive said. Anadarko Petroleum Corporation (NYSE:APC) shares increased 0.94% in last trading session and ended the day at $85.46. APC Gross Margin is 87.10% and its return on assets is -5.30%. Anadarko Petroleum Corporation (NYSE:APC) quarterly performance is -20.75%.

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