The week will see earnings reports from twenty-seven companies. You can see more details on the top five stocks with a 4% or more upside potential below.
Mondelez International Inc. (NASDAQ:MDLZC) just offered $107 per share (half in cash, half in stock) in a $23 billion takeover bid of the Hershey Co. (NYSE:HSYC). Hershey’s board unanimously rejected the bid Thursday saying it “provided no basis for further discussion.”
Wednesday was a good day for the stock market. Major benchmarks showed gains for the second day in a row. All this followed Monday’s slump which came following the U.K.’s vote to leave the European Union last Thursday.
According to GasBuddy.com, gas prices in the U.S. averaged $2.30 per gallon Tuesday, down 0.8 cents from the day before. Moreover, gasoline is selling for almost $0.49 per gallon less than last year at this time.