News Stocks 

Cloud service Akamai soars after Elliott Management says it bought a 6.5 percent stake

“The hedge fund said on Friday the stock was undervalued and that Akamai’s $9.7 billion market value didn’t reflect the uses of its platform, which speeds up content delivery over the internet” writes Source Akamai for cnbc.com. Monday morning the stock was trading above $66, nearly flat for the year. Source: cnbc.com Share This:

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Twitter shares jump after JP Morgan upgrades the stock and calls it one of the bank’s best ideas for 2018

“We are upgrading TWTR shares to overweight with a $27 price target,” analyst Doug Anmuth wrote in a note” writes John Melloy for cnbc.com. Twitter shares are up 36 percent in 2017.Twitter reported better-than-expected earnings and revenue numbers for the third quarter, but monthly active users were about inline.J.P. Morgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock, which have been staging a comeback this fall. Source: cnbc.com Share This:

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Buy Costco shares because it’s in the ‘early stages’ of an online sales surge, BMO says

“BMO Capital Markets raised its rating for Costco shares to outperform from market perform, citing the company’s surging online sales growth” writes Daniel Acker for cnbc.com. The analyst said Costco’s strong online sales results will likely continue now that the retailer just launched two online grocery delivery offerings in October.Costco’s online comparable sales rose more than 40 percent in the November quarter versus the 21 percent growth in the previous quarter.But one Wall Street firm says the retailer’s e-commerce growth will be a catalyst to lift Costco stock to new…

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Markets News Stocks 

Goldman expects another calm and rising market next year and has a strategy to capitalize on it

“Here is a selection of seven Goldman Sachs high sharpe ratio basket stocks” writes unknown author for cnbc.com. Goldman Sachs predicts the calm markets will continue next year and found the stocks that thrive in a low volatility environment.”Our rebalanced basket offers 3x the expected return of the median S&P 500 stock with similar implied 6-month volatility.”.  Source: cnbc.com Share This:

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Campbell’s credit downgraded to 2 notches above junk at S&P Global

“We believe the proposed acquisition will substantially increase Campbell’s debt obligations and meaningfully weaken its credit protection measures,” S&P Global said in a statement” writes Reporter Editor for marketwatch.com. Campbell’s stock has shed 17% year to date, while the S&P 500 SPX, +0.60% has gained 20%.Campbell Soup Co.’s CPB, +1.77% credit rating was downgraded at S&P Global Ratings to BBB, which is just two notches above junk status, from BBB+, in the wake of the soup and snack company’s deal to buy Synder’s-Lance Inc.Campbell’s stock rose 1.7% in morning trade.Campbell…

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Fifth Third to buy back $273 million worth of its shares from Morgan Stanley

“Shares of Fifth Third Bancorp FITB, +2.11% rallied 1.4% in morning trade Monday, as part of a broad rally in bank stocks, after the Cincinnati-based bank disclosed at deal to buy back $273 million worth of its shares from Morgan Stanley MS, +1.22% Based on Friday’s stock closing price, the buyback represents about 9.1 million shares, or 1.3% of the shares outstanding” writes Reporter Editor for marketwatch.com. In a filing with the Securities and Exchange Commission on Monday, the buyback is part of its 100 million shares repurchase program, which…

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Futures News Stocks 

Futures gain on rising tax bill hopes, corporate dealmaking

“Dec 18 (Reuters) – U.S. stock index futures were higher on Monday, set to push Wall Street to new records, buoyed as the long-awaited tax overhaul plan looked set for legislation and by a flurry of year-end dealmaking topping $10 billion so far. * Top U.S. Republicans said on Sunday they expected Congress to pass the tax bill this week, with a Senate vote set for as early as Tuesday and President Donald Trump aiming to sign the bill by the end of the week. * The three main U.S….

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Casino operator Penn National agrees to buy Pinnacle for $2.8 billion

“After the deal, Penn National will operate a combined 41 properties with about 53,500 slots, 1,300 tables and 8,300 hotel rooms” writes Arunima Banerjee for businessinsider.com. (Reuters) – U.S. casino operator Penn National Gaming Inc said on Monday it would buy Pinnacle Entertainment Inc in a cash and stock deal valued at about $2.8 billion to create a larger-scale gaming platform.After the deal, Penn National will own 78 percent of the combined company, while Pinnacle will own the rest.Pinnacle’s shareholders will receive $20.00 in cash and 0.42 shares of Penn…

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Snyder’s-Lance stock surges after Campbell Soup’s $4.9 billion buyout deal

“Under terms of the deal, Campbell will pay $50 in cash for each Snyder’s-Lance shares outstanding, which is 6.9% above Friday’s closing price of $46.79” writes Reporter Editor for marketwatch.com. LNCE, +5.34% rallied 5.6% in premarket trade Monday, after the pretzel and chips company agreed to be acquired by Campbell Soup Co. Snyder’s-Lance’s stock had run up 22.0% year to date through Friday, while Campbell shares had lost 18.0% and the S&P 500 SPX, +0.90% had climbed 19.5%.Snyder’s-Lance shares had soared 19% over the past two sessions amid reports that…

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