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Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 40%), and food retail (around 5%) industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with the Americas accounting for about 37% of sales, Europe about 27%, China about 16% and the rest of the world about 20%.

Teva Pharmaceutical Industries Ltd. is the world's largest generic pharmaceutical manufacturer, with roughly 76 billion tablets and capsules produced annually. The company has roughly 37,000 employees and over 53 manufacturing facilities across more than 33 countries. One of every 12 prescriptions in the U.S. is filled with Teva products.

The major indices are lower at midday. The labor market showed signs of strength last month. Nonfarm payrolls surprised, coming in at 162,000 for August, above expectations of 53,000 and last month's decline of 23,000. The unemployment rate stayed steady at 4.1%. The strong labor market added to the elevated inflation data in last week have bumped up odds of a rate hike to 60% at the next Fed meeting later this month. Crude oil is at $90 per barrel. The yield on the 10-year note is at 4.79%.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.