Wells Fargo Earnings, Jim Cramer Down with Dow, Merging Tobacco

TheStreet

Merge 'em if ya got 'em! An anticipated divestiture of brands to Imperial Tobacco Group PLC by Reynolds American Inc. has market watchers saying a deal for the North Carolina tobacco titan to buy local competitor Lorillard Inc. is in the cards. And, we're waiting on big second quarter earnings to come out, including Wells Fargo, which will report numbers today before the bell. Finally, Jim Cramer is buying even more Dow Chemical -- Cramer believes the company's shares, now in the low $50s, could run up to $65 a share, especially once Dow Chemical reveals what asset sales it will complete.