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Watch List Highlights - Actavis plc (NYSE:ACT), Wal-Mart Stores, Inc. (NYSE:WMT), Alibaba Group Holding Ltd (NYSE:BABA)

Watch List Highlights - Actavis plc (NYSE:ACT), Wal-Mart Stores, Inc. (NYSE:WMT), Alibaba Group Holding Ltd (NYSE:BABA)
Written by
Chris Sandburg
Published on
November 13, 2014
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Actavis plc (NYSE:ACT) said Thursday the U.S. Food and Drug Administration has accepted for filing its supplemental new drug application for Saphris (asenapine) for the acute treatment of manic or mixed episodes associated with bipolar I disorder in pediatric patients 10 to 17 years of age, with the application being granted priority-review status.Asenapine is an antipsychotic indicated for the treatment of schizophrenia in adults, and for the acute treatment of manic or mixed episodes associated with bipolar I disorder in adults. The application is based on positive results from a three-week trial involving 403 pediatric patients, of whom 302 received asenapine, the company noted. Actavis plc (NYSE:ACT) expects the Prescription Drug User Fee Act (PDUFA) date to be in Q1 2015. ACT shares were up 0.4% at $244.53 recently, closer to the high end of its 52-week range of $156.40 to $254.41.Click here for a free comprehensive Trend Analysis ReportWal-Mart Stores, Inc. (NYSE:WMT) reported Q3 earnings of $1.15 per share, up from $1.14 per share last year and ahead of the analyst consensus of $1.12 per share on Capital IQ. Total revenue was up $3.3 billion, or nearly 3%, to $119 billion, better than expectations of $117.4 billion. U.S. comp sales were up 0.5% for the quarter. E-commerce sales globally increased about 21% on a constant currency basis.For the full year 2015, Wal-Mart Stores, Inc. (NYSE:WMT) expects earnings of $4.92 to $5.02 per share, including a negative impact of about $0.03 per share related to the future closing of underperforming stores in Japan. It's previous guidance was $4.90 to $5.15 per share. The analyst consensus on Capital IQ stands at $5.00 per share. For Q4, Wal-Mart expects between $1.46 and $1.56, which includes an estimated negative impact of approximately $0.03 per share related to the future closure of underperforming stores in Walmart Japan. The Street view is $1.57 per share. McMillon stressed the need to strengthen Walmart's sales growth and improve the customer experience, both in stores and online.Click here for a free comprehensive Trend Analysis ReportE-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) said Thursday it plans to issue unsecured notes to refinance some of its debt. The terms of the notes, including principal amount, interest rate and maturity dates have not been determined. The bonds have been rated A+ by Standard & Poor's and A1 by Moody's. In other news, Alibaba Group Holding Ltd (NYSE:BABA) has launched a mobile shopping site for U.S. users for Apple (AAPL) iOS and Android, its first mobile site outside of China. The new app integrates Apple's Apple Pay service. Shares of BABA rose to another post-IPO high of $120, but are down slightly to $118.85 for a new post-IPO range of $82.81 to $120.00.Click here for a free comprehensive Trend Analysis Report

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