FTSE 100 latest: Engineer Smiths Group among top risers on London’s blue chip index
Engineer Smiths Group topped an otherwise lacklustre FTSE 100 earlier, after a deal to sell its medical division to ICU Medical delighted investors, sending shares in the company up by more than 4% to 1482.75p. Smiths said the deal, worth $2.4 billion (£1.7 billion), with the US firm was “superior” to a previous offer from private equity bidder TA Associates. The FTSE 100 index was down 1.09% or 78.17 points at 7071.20, following broader falls across European markets.
Sanofi’s $1.9 Billion Bet On Kadmon: What You Need to Know
Underlining the focus on inorganic growth, French pharma giant Sanofi (NASDAQ: SNY) announced a big-ticket acquisition just a month after another billion-dollar deal. Sanofi-Kadmon Deal Terms: Sanofi announced Wednesday it has agreed to acquire New York-based biopharma Kadmon Holdings, Inc. (NASDAQ: KDMN) in a $1.9 billion all-cash deal. The per-share value of the deal works out to $9.50 per share, a 79% premium over Kadmon’s closing price of $5.30 on Tuesday. The Boards of both companies have u
3 Reasons to Buy AT&T, and 1 Reason To Sell
AT&T (NYSE: T) was once considered a safe dividend stock for conservative investors. Let’s review three reasons to buy AT&T — as well as one reason to sell it — to see if it’s a contrarian play. AT&T’s stock underperformed the market for three main reasons: It faced tough competition in the wireless market from Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS), its pay-TV business bled subscribers to streaming services, and attempting to stop that bleeding with its debt-fueled takeovers of DirecTV and Time Warner caused even bigger problems.
5 Stocks With 195% to 467% Upside, According to Wall Street
If the high-water price target for each of the following five stocks were to come to fruition, shareholders would be looking at gains ranging from a low of 195% to as much as 467%. If you’re “only” looking to triple your money, analyst Amit Dayal of H.C. Wainwright would suggest putting it to work in hydrogen fuel-cell solutions company Plug Power (NASDAQ: PLUG). Dayal’s price target of $78 implies a cool 195% upside from where its shares closed this past weekend.
Yahoo Finance Video
Bitcoin hovers around $46K, SEC threatens to sue Coinbase
Yahoo Finance’s Brian Sozzi and Julie Hyman break down Bitcoin’s latest moves after El Salvador became the first country to make Bitcoin it’s national currency as well as discuss the SEC’s threats to sue Coinbase over the cryptocurrency exchange platform’s lending plans.
Could The Trade Desk Be a Millionaire-Maker Stock?
The Trade Desk (NASDAQ: TTD) has been a goldmine for long-term investors. Shares of the digital advertising technology (ad-tech) company are up more than 4,000% from its (split-adjusted) IPO price of $1.80in 2016. Fellow Fool Brian Stoffel defines a millionaire-making stock as one that can return 10 times its value in 20 years.
Is NIO’s $2 Billion Secondary Stock Offering Really Bearish?
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) opened lower on Wednesday after the company said that it will sell up to $2 billion in new stock in an at-the-market secondary offering. As of 11:06 a.m. EDT, NIO’s American depositary shares were down by about 6% from Tuesday’s closing price. NIO has filed the necessary paperwork for the stock sale, and its new shares will be offered through several big investment banks, including Credit Suisse, Goldman Sachs, Morgan Stanley, and the Hong Kong branch of China International Capital.
Upstart Is Soaring Again: Here’s Why
Financial technology company Upstart (NASDAQ: UPST) aims to disrupt the way that banks lend money to consumers, and the early results have been successful. In fact, Upstart’s business has grown so quickly that the stock has increased more than tenfold in just nine months since the company’s IPO. Well, it doesn’t look like Upstart’s stock is out of gas just yet.
4 Leading Tech Stocks to Buy in 2021 and Beyond
The cloud, cybersecurity, fintech, and semiconductor markets host many of those top stocks. All four markets will expand as companies and consumers move more data online: Cloud services will host that data, cybersecurity services will protect it, fintech services will leverage it to replace traditional banking services, and all that computing power will spark fresh demand for more powerful chips. Let’s take a look at four of my favorite stocks from those four industries — Amazon (NASDAQ: AMZN), Palo Alto Networks (NYSE: PANW), Square (NYSE: SQ), and ASML Holding (NASDAQ: ASML) — and why they’re still excellent long-term investments.