Quick Bytes Mon, June 13th: MSFT,LNKD, FB, BMY, PFE, TWTR

A quick digest of what’s hot and trending for Monday, June 13th. Here are your quick bytes (yes we know it is bites):

  1. In a bit of a shocker, Microsoft Corporation(NASDAQ:MSFT) to buy LinkedIn Corp (NYSE:LNKD) for $26 billion. Investors had hoped Microsoft would tone down the big purchases after the waste of money on Nokia. This one is a bit of a head scratcher and raises some questions. (TheVerge)
  2. Citron’s Andrew Left is shorting Facebook Inc (NASDAQ:FB). The core part of Left’s thesis is that it is losing an extensive amount of relevancy and overstaying its welcome in certain niches. He is not saying it is a bad company simply not a $330 billion dollar company. Left and Citron were well known for their work on Valeant. (CNBC)
  3. Bristol-Myers Squibb Co(NYSE:BMY), Pfizer Inc.(NYSE:PFE), Can Cancer drugs stay this expensive forever? Not according to an article by Max Nisen in BloombergGadfly (Bloomberg)
  4. SeekingAlpha author, Daniel Jones writes about Bad News For Oil. He details how even though Oil prices have initially increased, they have experienced some weakness after showing rising overall inventories and production as rig counts continue to rise. He remains bullish on oil but believes investors should be very vigilant. (SeekingAlpha)
  5. Snapchat is beating Twitter in its own game as it is winning the war of photos, videos, and users. Snapchat has 150 million active users while Twitter is at 140 million. Slowing growth for Twitter means increasing lower multiples. (SeekingAlpha)
  6. WWDC, Apple Inc.(NASDAQ:AAPL)‘s developer conference is coming up and we can expect updates to Siri and refreshes for the company’s software lineups. Of the many changes include a refresh for Apple Music, and maybe even a transition from OS X to macOS? (WSJ)
  7. Deutsche Bank lowers its Chipotle Mexican Grill, Inc.(NYSE:CMG) Price Target to #40 as it believes the restaurant will continue to face ongoing pressure to boost traffic. Analyst Brett Levy worries that some Chipotle customers may be gone for good… (SeekingAlpha)

You may also like...

escort kutahya escort bornova escort beylikduzu escort amasya escort diyarbakir
Apple Inc. (NASDAQ:AAPL)
Interesting Weekend Reads: AAPL, EU, Week Ahead, and More

Battle heats up in Speech recognition market between Google and Baidu (Techcrunch) Can there be a healthcare service like Uber?...