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Noteworthy Large Cap Stocks to Watch for: Whole Foods Market, Inc.(WFM), Activision Blizzard, Inc.(ATVI), Mylan NV(MYL)

US stocks closed higher on Tuesday despite mixed US economic data as treasury yields and the dollar declined while oil prices were choppy ahead of an OPEC meeting later this week.

The euro bounced back from a multi-month low against the US dollar on strong European data and as investors pared bets that the European Central Bank will soon ease policy further.

After falling 0.5 per cent on Monday, the S&P 500 benchmark index of stocks closed at its highest since early November as investors gained confidence on the first day of the month.

The US manufacturing sector contracted last month to its weakest level since June 2009, while construction spending rose in October to the highest level since December 2007.

“Look at the manufacturing numbers. That was clearly a disappointment, yet the market ploughed right through. We’ve got a market that seems to have found a path of least resistance to the upside,” said Art Hogan, chief market strategist at Wunderlich Securities in New York.

While the data boosted US Treasury debt prices, it pushed benchmark yields toward one-month lows, helping to make stocks “compelling,” Hogan said. He also noted that positive online results boosted investor holiday shopping season expectations.

The Dow Jones industrial average rose 168.43 points, or 0.95 per cent, to 17,888.35, the S&P 500 gained 22.22 points, or 1.07 per cent, to 2,102.63 and the Nasdaq Composite added 47.64 points, or 0.93 per cent, to 5,156.31.

Investors were focused on Friday’s November jobs report, which is expected to influence timing for the first US interest rate hike since 2006. Most analysts expect an increase after the Federal Reserve’s Dec. 15-16 meeting.

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Whole Foods Market, Inc.(NASDAQ:WFM) increased 3.16% and close at $30.07 in the last trading session with the overall traded volume of 8.71 million shares, versus the average volume of 7.28 million shares. Its fifty two week range was $28.73-$57.57. It has market cap of $10.06 billion while its total outstanding shares are 341.27 million. Whole Foods Market, Inc.(NASDAQ:WFM)on Nov. 30, 2015 announced the pricing of an issuance of $1.0 billion of 5.20% senior notes due 2025.The Notes will be guaranteed on an unsecured, unsubordinated basis by certain subsidiaries of Whole Foods Market. The Company intends to use net proceeds from the offering for general corporate purposes, including stock repurchases and the repayment of indebtedness from time to time. Closing of the offering is expected to occur on December 3, 2015, subject to the satisfaction of customary closing conditions.

Is WFM a Solid Investment at These Levels? Read This Report For Details

Activision Blizzard, Inc.(NASDAQ:ATVI) moved up 2.42% with the closing price of $38.57. The overall volume in the last trading session was 8.41 million shares. Its fifty two week range was $18.43-$38.76. The total market capitalization remained $27.29 billion while its total outstanding shares are 731.18 million. Activision Blizzard, Inc.(NASDAQ:ATVI) unveiled the first crowd-sourced video generated for Guitar Hero Live through a user-driven contest that asked fans to submit clips of themselves lip-synching along to Ed Sheeran’s hit song “Sing” via the musical.ly mobile app. Based on musical.ly analytics, the contest generated more than 100,000 videos that have already collectively been watched more than 100 million times in ten days. The music video featuring notable athletes and celebrities like basketball MVP Stephen Curry, legendary basketball playerShaquille O’Neal, sports broadcaster Erin Andrews, and Vine star King Bach is now playable in GHTV, Guitar Hero Live’sonline playable music video network.The submissions were edited together and animated by veteran music video editor Alan Chimenti.

How Should Investors Trade ATVI Now? Don’t Miss out a Special Trend Analysis

Mylan NV(NASDAQ:MYL) increased 3.47% to close at $53.08 in the last trading session and its total traded volume was 7.53 million shares versus average volume of 10.20 million. The company has market cap of $25.48 billion while its total outstanding shares are 491.75 million. Mylan NV(NASDAQ:MYL) on Dec. 1, 2015 announced that it expects to be the first to launch, upon regulatory approval and for developing country markets funded by international donors, TLE400 (Tenofovir Disoproxyl Fumarate 300 mg + Lamivudine 300 mg + Efavirenz 400 mg) for $99 per patient, per year. Mylan partnered with the Clinton Health Access Initiative (CHAI) to develop TLE400. The significantly reduced price could generate savings of tens of millions of dollars for national AIDS programs that aim to double the 15 million people on antiretroviral (ARV) treatment in developing countries. Mylan expects to file a new drug application (NDA) for TLE400 with the U.S. Food and Drug Administration (FDA) in the first quarter of 2016.

Can MYL Show a Strong Recovery? Find out in This Research Report

EquityObserver.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers. To receive real-time SMS alerts, Just Text The Word EQUITY To 555888 From Your Cell Phone.