Facebook Challenges Twitter Again and 2 Other Hot Stocks to Watch
Facebook Inc. (NASDAQ:FB): Current price $43.98
Facebook on Monday mounted its most recent challenge to Twitter as the hub for real-time online conversations. Facebook will give a few media partners the capability to access its “public feed” of all the Facebook posts that are made public by members. Firms like CNN and Slate will be able to view a real-time list of public posts connected with certain keywords. Posts users have marked “public” will be available for this stream, although some users may be surprised to discover what they have made public. Facebook is in an extended campaign to move into to what Twitter refers to as the “global town square.”
Delta Air Lines Inc. (NYSE:DAL): Current price $21.21
Delta purchased 30 Airbus A321s and 10 Airbus A330-300s for delivery between 2015 and 2017, even though its peers opt for the newly introduced Boeing 787 and the not-yet-introduced Airbus A350. Vice President Richard Aboulafia of consulting firm Teal Group said: “If everybody behaved like Delta, the boom jetliner market would collapse. Everybody else is in an arms race, and Delta is doing the exact opposite.” Delta’s first 787 is set to arrive in 2020 and it has no A350 order.
Molex Inc. (NASDAQ:MOLX): Current price $38.53
The manufacturer of electronic connectors and cable assembly products said that the privately owned energy and chemicals conglomerate Koch Industries will acquire it for approximately $7.2 billion. Molex said the transaction at $38.50 per share in cash marks a 42 percent premium on average to the Friday closing prices of Molex’s two classes of publicly traded shares. The company will become a standalone division of Koch Industries and will continue to be managed by its current team. Molex shares were up over 31 percent Monday in heavy trading.