Home Uncategorized Wisconsin Energy, Oracle, GE are stocks worth watching

Wisconsin Energy, Oracle, GE are stocks worth watching

53
0

NEW YORK (MarketWatch) – A surge in announcements about acquisitions or talks about deals involving Wisconsin Energy Corp., Oracle Corp. and General Electric Co. may set up these stocks for active trading at Monday’s session.

Wisconsin Energy Corp.
WEC,
+ 2.00%

said I would buy Integrys Energy Group Inc.
USA: TEG

when buying cash and stocks worth $ 9.1 billion, including debt.

Oracle Corp.
ORCL,
-0.66%

stocks may move after the technology company has been reported be close to the deal to buy Micros Systems Inc.
USA: MCRS

for $ 5 billion. This would be the largest acquisition since the purchase of Oracle Sun Microsystems in 2010.

General Electric Company
GE,
+ 2.29%

could attract attention after the French engineering group Alstom SA
ALSMY,
+ 4.63%

ALO,
+ 5.43%

on Saturday officially accepted the sweet offer for its power unit.

Separately, Banco Santander
SAN,
+ 3.01%

has agreed to acquire GE Capital’s consumer finance business in Sweden, Denmark and Norway, a Spanish bank said in a statement Monday. Banco Santander’s consumer finance division will acquire GE Money Bank AB for about 700 million euros ($ 952 million), with the deal expected to close in the second half of 2014.

Harbinger Group Inc.
USA: HRG

is preparing to bid for $ 1.1 billion for Central Garden & Pet Co.
CENTA,
-0.34%

, reports The Wall Street Journal citing a source familiar with the matter. Earlier this month, the Harbinger holding company led by hedge funder Philippe Falcone disclosed 3.1% of the company’s stock.

Micron technology
MU,
+ 1.80%

Earnings in the third quarter are projected to be 69 cents a share, according to a consensus FactSet poll.

“While we expect the company to deliver solid results for the May quarter, we look forward to the August quarter and beyond when the industry faces supply constraints in light of steady growth in demand,” analyst Hans Mosesman of Raymond James Equity Research said in a recent report. He also reaffirmed a high stock buying rating and raised the target price from $ 30 to $ 40.

Sonic
USA: SONC

Earnings in the third quarter are expected to be 29 cents a share. According to analyst Rachel Rothman of Susquehanna International Group, mild spring weather and late summer arrival have affected sales at the same fast food restaurant store this quarter.

CBS
USA: CBS,

Comcast Corp.
CMCSA,
+ 0.05%

and other entertainment companies are expected to be in the spotlight as investors await a Supreme Court ruling on legality of Aereo it may come as early as Monday.

Aereo provides services that allow subscribers to broadcast local broadcasts to various electronic devices. Major broadcasters allege that Aereo infringes their rights under federal copyright law.

Other must-reads from MarketWatch:

English has been abbreviated to “Yo”?

Will demographics reduce stock market profits?

Honestly talks about insider trading from whoever did it

This article is first published on Source link

Previous articlePublisher Tomb Raider Square Enix is ​​selling the iconic video game franchise
Next articleWinners and nominees for the 2022 Oscars