5 Monster Moving Stocks Attracting Trading Interest
Cisco Systems, Inc. (NASDAQ:CSCO) predicts IP traffic increasing at a CAGR of 29% in the coming 4 years to 1.3 zettabytes (equal to 38M DVDs every hour). In contrast, IP traffic from 1984-2012 was only 1.2 zettabytes. This indicates that necessity for any Internet-related equipment ought to grow. Cisco sees mobile traffic growing along with this (18x from 2011-2016), which is especially good for vendors with mobile networking outlets.
Bank of America Corp (NYSE:BAC): Reuters is reporting that sources say Stanley Black & Decker (NYSE:SWK) has been named as a possible bidder for Infastech, an industrial fastener manufactureer based in Singapore. These sources also say that Bank of America and Goldman Sachs (NYSE:GS) have been engaged by CVC Capital and Standard Chartered to sell the company, which was purchased for around $350-400M in 2010. Additionally, CEO Brian Moynihan commented in a presentation at Sanford Bernstein Strategic Decisions Conference that BoA does not require capital to expand core businesses.
Investing Insights: Why is Bank of America Suddenly Hiring?
JPMorgan Chase & Co. (NYSE:JPM): According to Reuters, the board of directors of French digital video company Technicolor (TCLRY) supported a plan for JPMorgan to assume a stake of up to 29.96% rather than a proposal from private equity firm Vector Capital.
Chesapeake Energy Corporation (NYSE:CHK): Bloomberg sees Chesapeake as a possible takeover target thanks to its presently lowered valuation—equity and net debt at $9.19 for each barrel of oil equivalent, according to Bloomberg calculations, and the lowest among American oil and gas explorers with market caps more than $5B. Additionally, Chesapeake will convene with a number of its major lenders in Oklahoma City this week, hoping to raise funds to close a $9-$10B funding deficit, Reuters reports. Reuters also says that Chesapeake is interested in selling about 57,000 acres in East Texas in order to raise additional funds.
General Electric (NYSE:GE): China Daily is reporting that the Chinese cabinet recently accepted a plan to speed up work on seven strategic developing industries, which is viewed as good news for GE. In this plan seven projects will be started, including energy and environment conservation, IT, biology, advanced equipment manufacturing, new energy, new materials, and new energy vehicles.
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