Stocks Hitting 52-Week Highs

Gilead Sciences GILD shares gained 0.84% to reach a new 52-week high of $89.69. Gilead Sciences' PEG ratio is 0.49. Lorillard LO shares surged 5.02% to reach a new 52-week high of $66.26. Lorillard confirmed that Lorillard and Reynolds American RAI are engaged in discussions regarding RAI's potential acquisition of Lorillard. Cowen & Company initiated coverage on Lorillard with a Underperform rating. Emeritus ESC shares gained 3.20% to touch a new 52-week high of $33.18. Emeritus shares have jumped 31.71% over the past 52 weeks, while the S&P 500 index has gained 16.93% in the same period. XL Group plc XL shares rose 0.60% to touch a new 52-week high of $33.52. XL Group is expected to release Q2 results on July 28, 2014.