Expectations of a possible divestiture of a large servicing block by Bank of America Corporation (NYSE:BAC) prompts Sterne Agee to upgrade shares of Nationstar Mortgage Holdings (NYSE:NSM) to its Catalyst Buy list, remarking that, “Another large trophy portfolio up for sale this soon would come as a surprise to investors.”
Chemicals producer TPC Group (NASDAQ:TPCG) is currently the target of a bidding war as private equity companies First Reserve and SK Capital Partners boost their combined offer to $45, valuing the former at $705.5 million. TPC recommends the deal and cancels discussions with Innospec (NASDAQ:IOSP), which bid $44 to $46 per share in October.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Shares of SandRidge Energy (NYSE:SD) spiked following the receipt of a letter from TPG-Axon calling for a shakeup of its board, Chief Executive Tom Ward to step down, and the firm’s potential sale. Further, the letter said that fair value for shares is between $12 and $14 along with “significantly greater upside possible through a strategic sale or sensible development of assets.”
Don’t Miss: Is Coal Dead After the Election?