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Merger and acquisition activity has been down this year, but some big deals popped up in November.
Last week brought the most prominent: a potential takeover of Slack (WORK) by Salesforce.com (CRM). Dow Jones and CNBC both reported on the talks, citing sources. WORK shot to record levels on the news.
Today, S&P Global (SPGI) announced the $44 billion purchase of IHS Markit (INFO).
Also earlier in the month, PNC Financial (PNC) agreed to pay $11.6 billion for the U.S. operations of Spanish bank BBVA (BBVA).
November has seen many signs of confidence returning. The VIX, gold and the U.S. dollar have plunged. Energy surged. A return of merger activity could be yet another sign of sentiment improving.
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March....
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...