Archive for December 14th, 2009

Blue Horseshoe Loved XTO Energy (XTO, XOM)

Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. (NYSE: XTO) announced an all-stock merger transaction valued at $41 billion.  ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO.  The deal has already been approved by the boards of directors of both companies. The agreement is subject to XTO stockholder [...]

California Micro Surging on Offer (CAMD)

California Micro Devices Corp. (NASDAQ: CAMD) is soaring this morning after ON Semiconductor announced an acquisition of California Micro Devices for $4.70 per Share in an all-cash tender offer.  Shares closed at $3.05 Friday and are trading up 48% at $4.54 at 7:48 AM EST.  The prior 52-week trading range was $1.48 to $3.32. JON [...]

Sun & Oracle Suddenly Closer, All Over Again (JAVA, ORCL)

Sun Microsystems Inc. (NASDAQ: JAVA) is surging this morning on reports that the EU is warming up to the Oracle Corp. (NASDAQ: ORCL) buyout. Apparently Oracle presented its post-merger MySQL plan and it must have been received better than anything else these companies have said.  At 8:36 AM EST we have shares trading up 9.8% [...]

Citi Punished on TARP Repayment (C)

Citigroup Inc. (NYSE: C) is trading lower now that will repay the $20 billion in TARP funds with new capital raised from private investors.  Citi will also facilitate the sale of the government’s $25 billion stock investment, and will begin to remove itself from other forms of government assistance. At 7:31 AM EST we have [...]

AXA Gets Barron’s Cover Story (AXA)

AXA (NYSE: AXA) is trading higher this morning after Barron’s gave it the cover story this weekend and called it “Très Bien!” noting that the company is ready to grab market share from its rivals.  AXA’s average trading volume is rather small for its size because of the ADR status at $22.92 its 52-week trading [...]

Amazon Clubbed on Barron’s Slap (AMZN)

Amazon.com, Inc. (NASDAQ: AMZN) took a hit from Barron’s this weekend in a pieces called “Amazon’s Daunting Challenge.”  The publication noted that Amazon.com deserves Wall Street’s admiration, but its stock is way too rich. It further noted that even under the best scenario, the shares could tumble.  Shares were already down more than $10 from [...]

Visa 52-week Highs on S&P Inclusion (V)

Visa, Inc. (NYSE: V) is gapping up this morning after gapping up in after-hours on Friday on the report from Standard & Poor’s that this would join the S&P 500 Index.  Its market cap varies from every source: $63.28 billion at Yahoo! Finance,  Google Finance is $68.65 billion, and Bloomberg is at $60.4 billion; but [...]