DELL - Dell Technologies Inc.
45.51 -0.30 (-0.65%)
After hours: 5:42PM EDT
| Previous Close | 49.04 |
| Open | 47.75 |
| Bid | 45.52 x 800 |
| Ask | 46.11 x 800 |
| Day's Range | 45.73 - 47.94 |
| 52 Week Range | 41.58 - 70.55 |
| Volume | 3,612,259 |
| Avg. Volume | 2,798,959 |
| Market Cap | 32.917B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.85 |
| Earnings Date | Aug 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 66.34 |
- InvestorPlace
Pivotal Software (PVTL) Stock Rockets Higher on VMware Deal
Pivotal Software (NYSE:PVTL) stock is heading higher on Friday thanks to a deal with VMware (NYSE:VMW).Source: Sundry Photography / Shutterstock.com This deal has VMware looking to acquire Pivotal Software for a total of $2.70 billion. The company is offering a mix of cash and stock to shareholders of PVTL stock. This gives it a blended price of $11.71 per share.This offering has VMware offering shareholders of Pivotal Software stock $15 in cash for each share of Class A stock. It also includes exchanging of shares of VMware's Class B common stock for shares of Pivotal Software Class B common stock held by Dell Technologies (NYSE:DELL). The exchange ratio here is 0.0550 shares of VMware Class B stock for each share of Software Pivotal Class B stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The VMware Board of Directors is committed to creating value for all stockholders," Karen Dykstra, Chairperson of the Special Committee of VMware's Board of Directors, said in a statement. "After a thorough and independent evaluation with its advisors, and working closely with the VMware management team, the Special Committee recommended the Board approve this transaction with Pivotal given its strong strategic and long-term value to the company and its customers."The deal is set to close during the second half of VMware's 2020 fiscal year, which ends Jan. 31, 2020. However, it still needs to complete customary closing conditions. That includes getting approval from regulators and shareholders. * 7 Retail Stocks to Buy on the Dip Pivotal Software isn't the only recent acquisition that VMware has announced. The company also revealed that it is planning to purchase Carbon Black (NASDAQ:CBLK) as well.PVTL stock was up 8% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Pivotal Software (PVTL) Stock Rockets Higher on VMware Deal appeared first on InvestorPlace.
- Zacks
VMware (VMW) Q2 Earnings & Revenues Beat Estimates, Grow Y/Y
VMware's (VMW) second-quarter fiscal 2020 results benefit from strong top-line growth, driven by robust performance from NSX and vSAN product lines.
- American City Business Journals
Dell wins Austin's endorsement for incentives on $10M project
Austin City Council supports Dell's plan to create a Texas Enterprise Zone. Now it's up to the governor's office on whether the computing giant can receive more than $1 million in tax breaks.
- MarketWatch
VMware shopping spree lands $5 billion in public cloud-software companies
VMware Inc. has been snapping up cloud-focused startups while making deals with former enemies like Amazon.com Inc. and Alphabet Inc. for months, but changes at the software company hit a new level on Thursday.
- Bloomberg
VMware Agrees to Buy Carbon Black, Pivotal for $4.8 Billion
(Bloomberg) -- VMware Inc. agreed to purchase two software companies on Thursday for almost $5 billion, expanding its reach in development tools and cybersecurity.The Palo Alto, California-based company said it was purchasing Pivotal Software Inc., which sells cloud software and services, for $2.7 billion, and Carbon Black Inc., a cybersecurity firm, for $2.1 billion.VMware, which makes virtualization and networking tools and is majority-owned by Dell Technologies Inc., said the combined company will provide software to build, run, manage, connect and protect any app on the cloud or any device. Purchasing the two companies will accelerate VMware’s plan to deliver secure, multicloud application development.The two acquisitions “will meaningfully expand our ability to power our customer’s digital transformation,” said Pat Gelsinger, VMware’s chief executive officer.“These acquisitions address two critical technology priorities of all businesses today -- building modern, enterprise-grade applications and protecting enterprise workloads and clients,” he said.VMware will acquire San Francisco-based Pivotal for a blended price of $11.71 per share in cash and stock, the company said in a statement.“Together, we will form an organization that combines Pivotal’s expertise modernizing organizations with VMware’s capabilities and experience operating at scale,” Pivotal CEO Rob Mee said. Pivotal, a long-term partner of VMware, also is majority-owned by Dell.VMware said it will pay $26 a share in cash for Waltham, Massachusetts-based Carbon Black, giving the target company an enterprise value of $2.1 billion. Once the deal is complete, VMware said it would be positioned to provide “highly differentiated, intrinsic security cloud” through big data, behavioral analytics and artificial intelligence.“We now have the opportunity to seamlessly integrate Carbon Black’s cloud native end point protection platform into all of VMware’s control points,” said Patrick Morley, Carbon Black’s CEO.Both transactions are expected to be completed in the second half of VMware’s fiscal year, which ends Jan. 31.JPMorgan Chase & Co. acted as financial adviser to VMware on the deals, with Morrison & Foerster LLP acting as legal adviser to VMware on the Carbon Black acquisition and Wilson Sonsini Goodrich & Rosati as legal counsel to VMware on the Pivotal purchase.(Updates with legal adviser on Pivotal acquisition in the final paragraph.)\--With assistance from Jim Silver.To contact the reporter on this story: William Turton in New York at wturton1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Andrew Martin, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
VMware Discloses Its Earnings ... and 2 Acquisitions
It was a big afternoon for (VMW) as the enterprise software company disclosed definitive agreements to acquire both (PVTL) and (CBLK) as well as releasing financial results for its fiscal second quarter. The biggest surprise is the deal for Carbon Black (ticker: CBLK), a security software company that focuses on “cloud native endpoint protection.” VMware (VMW) is buying the Waltham, Mass.-based company for $26 a share in cash, for a transaction price of $2.1 billion. Carbon Black stock rose $1.75, or 7.7%, to $24.50 on Thursday, prior to the announcement.
- Reuters
UPDATE 3-VMware to pay $5 bln for firms offering cloud security, developers platform
VMware Inc said on Thursday it bought two providers of cloud security and cloud developer services in separate deals valued at about $5 billion, as it expands offerings for corporate clients. VMware bought Pivotal Software Inc in a $2.7 billion deal. Separately, VMware said it would buy software maker Carbon Black Inc for about $2 billion in cash.
- American City Business Journals
VMware buys Pivotal and Carbon Black in $4.8B deal, CEO announces plan to fix 'broken' security industry
The security market is “broken,” VMware CEO Pat Gelsinger said, announcing that the Palo Alto company was out to “change the industry, because the industry we know today is not working.”
- MarketWatch
VMware to acquire Carbon Black, Pivotal Software
VMware Inc. announced two blockbuster acquisitions of public companies Thursday afternoon, one of which was expected. VMware will acquire corporate sibling Pivotal Software Inc. , as expected after filings last week involving both companies' corporate parent, Dell Technologies Inc. The acquisition of security-software firm Carbon Black Inc. , though, was a surprise. Carbon Black went public last year at $19 a share for a valuation of more than $1 billion, and VMware has agreed to pay $26 a share for the company, which VMware said gives Carbon Black an enterprise value of $2.1 billion. VMware said it would pay a blended price of $11.71 a share for Pivotal, paying $15 a share in cash to regular shareholders and swapping VMware shares to Dell for Dell's shares of Pivotal at an exchange rate of 0.055 shares of VMware for each share of Pivotal. The enterprise value of Pivotal is $2.7 billion in that agreement, VMware said. VMware stock fell about 4% after the news was announced, which came in conjunction with second-quarter earnings. Pivotal stock gained more than 7% after closing at $13.70, and Carbon Black shares moved a bit higher after gaining 7.7% in the regular session to $24.50.
- Investor's Business Daily
VMware Stock Falls On Buying Spree; VMware Acquires Carbon Black, Pivotal
VMware late Thursday said it has agreed to buy cybersecurity firm Carbon Black as well as sister company Pivotal Software. VMware stock fell on the news. Dell controls VMware and Pivotal.
- Zacks
Analysts Estimate Dell Technologies (DELL) to Report a Decline in Earnings: What to Look Out for
Dell Technologies (DELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- InvestorPlace
Should You Buy VMWare Stock Now?
VMWare (NYSE:VMW) has seen a number of iterations over its long Silicon Valley history (a long history by tech firm standards, that is).Source: Sundry Photography / Shutterstock.com It was founded in 1998 in Palo Alto, California. Just a few years later, EMC -- which is now a part of the Dell Technologies (NYSE:DELL) family -- acquired VMWare, adding enterprise-level cloud-based platforms to the arsenal of a well-established tech firm. EMC had been a pioneer in the data storage space and then expanded into networked storage platforms. VMWare Stock's Long HistoryVMW stock started trading in 2007, as an adjunct to the slow and steady business that EMC had developed. VMW stock was the growth component for the future. Shortly after, Dell purchased Perot Systems for $3.9 billion to add some gravitas in the data storage space. Then Dell just kept growing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2015, Dell Technologies purchased EMC. At $67 billion, it's still considered the largest acquisition in the tech space. The move was to help Dell get more involved in the enterprise market since its personal computers business was changing as mobile and enterprise-level cloud computing were making their potential known. * 10 Undervalued Stocks With Breakout Potential By 2018, Dell was making headlines once again. It returned as a publicly traded company after six years as a private business and tried to manage a reverse merger between itself and VMWare -- which it acquired through EMC. The deal didn't happen and VMWare still remains an independent subsidiary of Dell.The company is still controlled by Dell but it operates on its own. And given its recent activities, it is hungry to carve a niche in the enterprise cloud and hybrid cloud sectors. What's in Store for VMW?Basically, there are public clouds like Amazon's (NASDAQ:AMZN) Amazon Web Services, Microsoft's (NASDAQ:MSFT) Azure and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. And then there are private clouds, set up by companies that only allow employees to access them.Now that the cloud is such a large part of many businesses, the hybrid cloud is becoming the next step. It allows customers to access the data they need through the public cloud and allows the company to share data from the private cloud or its data centers.This is far more complex than it sounds and it takes a significant amount of security and engineering to work seamlessly.VMW has been on a buying spree recently. In June it said it was buying cloud-application delivery firm Avi Networks. In July it was artificial intelligence chip virtualization company Bitfusion.And less than a week ago, VMW announced it was buying Pivotal Software (NYSE:PVTL), a cloud-based software and IT development firm. Dell already owns a big stake in Pivotal, and VMW owns some as well. This deal is a situation where one owner is buying the stake of the other owner, who in turn controls the buyer.Once you work through that one, suffice it to say that VMW stock is looking to stake a claim in the burgeoning world of cloud-based systems. The Bottom Line on VMW StockThe stock is off 3% for the year but up 5% year-to-date. Some of the trouble has been the U.S.-China trade war and the fact that enterprise purchases are expected to slow. But VMW stock has been consolidating its position during this lull, which can be a good time to buy quality cheaply.My Portfolio Grader rates VMW stock a "B" here. It's a good value for a long-term growth investor but the short term may not be smooth.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Should You Buy VMWare Stock Now? appeared first on InvestorPlace.
- American City Business Journals
Report: VMware acquires San Francisco cybersecurity startup
With the purchase Palo Alto-based VMware, an enterprise software company that sells products that companies can use to run software in their own data centers, continues to incorporate cloud technologies in its business.
- American City Business Journals
Dell eyes upgrades, more jobs at Parmer campus through Texas incentives program
Dell is seeking more than $1 million in tax refunds from the state. The company said it will retain hundreds of jobs and create about 40 new ones.
- Zacks
Can Growing Partner Base Aid salesforce's (CRM) Q2 Earnings?
salesforce's (CRM) second-quarter fiscal 2020 results are likely to gain from the growing adoption of its cloud offerings, aided by its expanding partner ecosystem.
- Barrons.com
Both HP Stocks Could Face Trouble From Slower Enterprise Spending
Citi analyst Jim Suva cut his estimates on HP, Hewlett Packard Enterprise, and Dell, citing “a more difficult macro backdrop” for enterprise hardware spending.
- PR Newswire
Dell Introduces World's Most Flexible Modular Zero-Footprint PC
ROUND ROCK, Texas , Aug. 20, 2019 /PRNewswire/ -- News Summary: Dell's first-of-its-kind OptiPlex 7070 Ultra hides the PC in the monitor stand for a clutter-free, zero-footprint 1 desktop With the world's ...
- Bloomberg
How an Obscure Rubber Company Became a Linchpin of Tech Industry
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. When Japan decided to step up its fight with South Korea last month, it dug deep into the supply chain to impose sanctions on three obscure materials made by a handful of Japanese companies few have ever heard of.The most powerful weapon in Tokyo’s campaign against its neighbor turned out to be a half-dozen or so niche firms with names like JSR Corp., Shin-Etsu Chemical Co. and Tokyo Ohka Kogyo Co. They make fluorinated polyimide, hydrogen fluoride and photo-resist: essential ingredients for the manufacture of the displays and semiconductors that go into every piece of modern consumer electronics, from Apple Inc. iPhones and Dell Technologies Inc. laptops to the full range of Samsung Electronics Co. devices. Japan prohibited the export of those materials, allowing an exception only if suppliers secure a license and renew that license regularly.How did they become so indispensable? And how did they manage to stay on top even after their Japanese clients ceded the chip and display markets to Taiwanese and South Korean rivals? The answer lies in a series of well-timed investments decades ago, combined with a willingness to explore foreign markets and an unceasing refinement of manufacturing standards too exacting for anyone else to try and match.“JSR is an interesting case in that they became big in photo-resists because they succeeded overseas first,” said Damian Thong, an analyst at Macquarie Group Ltd. “And much of this success was because of the strategy of one man — Mitsunobu Koshiba.”The JSR chairman’s story shows just how hard it would be for a newcomer to fill the shoes of one of these suppliers. Koshiba spearheaded the company’s pivot into photo-resists, a light-sensitive liquid used to imprint circuits as narrow as a few strands of DNA onto silicon wafers in a process called lithography. Gadgets keep getting slimmer, more powerful and cheaper because chip companies are able to etch ever smaller circuit patterns onto silicon. When it comes to the most advanced chip processes, JSR is one of the few that can deliver the goods.When 25-year-old Koshiba joined JSR in 1981, the company’s biggest business was still tire rubber. (The name is an abbreviation of Japan Synthetic Rubber.) As luck would have it, photo-resist at that time used resins that JSR had access to for its existing business, and the company saw an opportunity to break into a new growth industry. Japanese semiconductor makers were just beginning their rise to global dominance, and suppliers were positioning themselves to go along for the ride.The problem for JSR was it didn’t belong to any of the local keiretsu, a grouping of suppliers that receives preferential access to contracts. And the company was also up against Tokyo Ohka or TOK, the first in Japan to manufacture photo-resist. By the mid-1980s, TOK controlled as much as 90% of the domestic market.“As a neutral company without keiretsu affiliations, we had to look outside Japan,” Koshiba said in an interview, outlining JSR’s decades-long rise but declining to talk in detail about sensitive trade negotiations now underway between Tokyo and Seoul.JSR’s decision to get into that market was bold but Koshiba seemed like the right person for the job. He’d spent two years studying materials science at the University of Wisconsin-Madison on a Rotary Club scholarship, was one of the few English speakers at the company and was eager to work abroad. In 1990, JSR sent him to Belgium to set up a photo-resist joint venture with the country’s biopharmaceutical giant UCB SA. The goal was to target the American market.As timing would have it, JSR was going overseas just as Japan was approaching the peak of its semiconductor prowess. That same year, NEC Corp., Toshiba Corp. and Hitachi Ltd. were the world’s biggest chipmakers, pushing aside Intel Corp. and Texas Instruments Inc. Japanese firms occupied six spots in the industry’s top 10 ranking by revenue, a level of concentration that hasn’t been matched by any country since, according to IC Insights.Japan’s seemingly unshakable control of the computer memory market gave the country renewed national confidence. The mood was reflected in the book “The Japan That Can Say No,” in which right-wing politician Shintaro Ishihara and Sony Corp. co-founder Akio Morita argued for a more muscular foreign policy. In an eerie echo of recent events, the authors contended that the Japanese government had the power to determine the outcome of the Cold War just by directing its national companies to sell the chips used in intercontinental ballistic missiles (ICBMs) to the Soviets instead of the U.S.But the Cold War ended before that theory could be tested. Over the following decade, personal computers overtook ICBMs as the primary destination for chips and demand shifted to prioritize low unit costs over military-spec quality. By 2006, Samsung had risen to No. 2 on the list of the world’s biggest chipmakers, with Korean compatriot SK Hynix Inc. ranking seventh and only three Japanese names remaining among the top 10.For JSR, the turning point came in 2000. Koshiba, who was based in California at that time, recalls being dragged into an emergency meeting on a Sunday wearing a T-shirt and shorts. Word was a rival company was about to clinch an agreement with IBM for joint research on a next-generation photo-resist material. “Get it back,” he was told. Koshiba leaned on the network of American industry contacts he had spent a decade building, people who had known him through the worst of U.S.-Japanese trade tensions. Within a month, IBM signed with JSR.“Without that deal, we wouldn’t have gotten to No. 1,” Koshiba said.In lithography, the formula for shrinking transistors has only two levers: increase the light power or use a lens that lets more light through. Every time the chip process shifts to a higher-energy band of light, resist makers have to go back to the drawing board, opening up new opportunity. The research partnership with IBM ushered in the fourth such shift since integrated circuits replaced vacuum tubes in the 1970s, and JSR rode it all the way to the top.The company now commands about 40% of the market for the latest generation of resist used in mass production. It also supplies more than 30% of the photo-resist for 3D NAND, the most advanced flash memory chips, which are among the few product lines where Japan still competes with Korean rivals. In 2019, JSR is expected to generate about three times the revenue and five times the profit it did in the early ‘90s.What makes this business inaccessible to newcomers is the extreme degree of purity and quality demanded by customers. TOK says a single drop of coffee in two Olympic-sized swimming pools would be considered an unacceptable defect. JSR’s analogy is to a handful of tainted golf balls being enough to spoil a batch the size of the entire Japanese archipelago.In addition to being technically challenging, the markets these companies operate in are small and don’t promise fantastic growth. According to research firm Fuji Keizai Group, the industry’s sales rose just shy of 8% last year to $1.3 billion. Koshiba jokes that even the market for ramen noodles is bigger than that.“To recreate JSR, you basically need to spend as much as they did in the past 20 years on R&D and relationships, and also rebuild their reputation,” Macquarie’s Thong said. “These materials are used in such moderate quantities that to rebuild the whole infrastructure is probably not worth the investment.”And that’s the irony of the current situation. By stoking trade tensions, Japan may encourage its neighbor to subsidize competition to JSR and TOK that wouldn’t make sense under normal market conditions. It’s a matter of survival: Korean corporations now depend on Japan for over 90% of all the fluorinated polyimide and resists they need, and 44% of hydrogen fluoride requirements, Societe Generale estimates.Read more: Japan Grants South Korea Export License, Lessening Trade FearsFor the time being, JSR and TOK retain dominance over one prized material that keeps the consumer electronics industry ticking. According to South Korean Prime Minister Lee Nak-yon, Japan has approved exports of photo-resist for the next-generation of lithography currently under development by Samsung and Taiwan Semiconductor Manufacturing Co. But one of Japan’s last strongholds of tech industry domination may be under threat.“They have the engineers, and once national pride is involved they can possibly make it even if it loses money,” Koshiba said. “We don’t have an impregnable wall.”\--With assistance from Jason Clenfield.To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Yuki Furukawa in Tokyo at yfurukawa13@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Dell Technologies (DELL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Dell Technologies (DELL) closed at $49.05, marking a +1.28% move from the previous day.
- Simply Wall St.
Need To Know: Dell Technologies Inc. (NYSE:DELL) Insiders Have Been Selling Shares
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
- InvestorPlace
Stock Market Today: GE, Cisco and Canopy Make Wild Moves
It's no shocker, but Thursday has been another volatile trading session. Following Wednesday's action -- where the Dow Jones Industrial Average fell 800 points and the Nasdaq Composite tumbled 3% -- it was a mixed session in the stock market today. It wasn't exactly the rebound that bulls were hoping to muster given the massive declines experienced a day prior.The stock market got off to a quick rally on the day, took an afternoon spill and then regained its footing. The SPDR S&P 500 ETF (NYSEARCA:SPY) rallied roughly 0.4%, the PowerShares QQQ ETF (NASDAQ:QQQ) was mostly flat and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) finished higher by about 0.6%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Movers in the Stock Market TodayShares of Pivotal Software (NYSE:PVTL) erupted almost 70% to just over $14 after it was announced that VMWare (NYSE:VMW) intends to acquire the company at $15 per share. The interesting thing is that VMW -- which is down about 7% on the announcement -- is trying to get Dell Technologies (NYSE:DELL) to exchange its B shares for A shares.General Electric (NYSE:GE) stock fell quite a bit on the day, although recovered off its lows. Shares finished lower by over 11% after a whistleblower called GE "meritless" for hiding financial problems. Accounting issues are never a good sign, and it's no wonder investors sold the stock as a result. However, management has already disputed the claim, calling it market manipulation. * 10 Stocks Under $5 to Buy for Fall Cisco Systems (NASDAQ:CSCO) took it on the chin Thursday, falling over 8% after disappointing quarterly results. While earnings and revenue results came in ahead of expectations, guidance came up a bit short. The stock blew through all sorts of significant support levels, leaving CSCO stock flailing in no man's land. Macro headwinds continue to create problems for U.S. companies and Cisco is the latest one.Alibaba (NYSE:BABA) initially jumped 5% in early Thursday trading. However, the stock closed higher by about 3% after a late-session jump. The action comes after Alibaba reported a top- and bottom-line beat and showed strength in its underlying business. Analysts liked the quarter too, praising the results and maintaining price targets significantly above current levels.(Here's how to trade Alibaba, by the way).What Canopy Growth (NYSE:CGC) investors would give to have the same post-earnings reaction as Alibaba. Shares are getting crushed Thursday, down about 15% after an earnings and revenue miss. A loss of $3.70 per share took investors by huge surprise, thanks to extinguishing warrants with Constellation Brands (NYSE:STZ).However, management did not provide an adjusted earnings result, causing concern and confusion among investors. Revenue came up short too. It was a lose-lose report and now shares are at their lowest point since the start of 2019.The demand for bonds remains intense, as the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) continues to press higher. The ETF hit a new 52-week high on Thursday and the upside volatility continues to cause investor concern in the equity market in the short term. Key Levels to Watch Above is a chart of the SPY ETF, representing the S&P 500. With Thursday's afternoon decline, the August lows near $281.72 were almost tested. Buyers stepped in early enough to prevent it, but many traders are hesitant to buy without the SPY not testing the 200-day moving average.A test of the 200-day would "clear the air" for a lot of investors, so to speak. It would also give investors a pullback down to the 38.2%. Seeing how SPY reacts to this level would help investors gauge what type of environment we're working with.The 20-day is now below the 50-day moving average, indicating that the short-term trend is now more bearish. If the August lows hold, see if the SPY can reclaim the 100-day moving average (not shown above) at $239.40.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Stock Market Today: GE, Cisco and Canopy Make Wild Moves appeared first on InvestorPlace.
- GuruFocus.com
MSD Capital Buys Dell Technologies Inc
Investment company MSD Capital (Current Portfolio) buys Dell Technologies Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, MSD Capital. Continue reading...
- InvestorPlace
M&A News: Pivotal Software (PVTL) Stock Skyrockets on VMware Deal Talk
M&A news for Thursday includes VMware (NYSE:VMW) announcing that it is looking at a deal to acquire Pivotal Software (NYSE:PVTL).Source: Sundry Photography / Shutterstock.com The M&A news surrounding the two companies has PVTL stock taking off. However, it looks like the talks are still in the early stages. The information from VMware doesn't provide much in the way of details, but Dell Technologies (NYSE:DELL), which controls both companies, has a little more to say.Currently, Dell Technologies wants a deal that values shares of PVTL stock at $15 each. This represents a roughly 81% premium over the stock's closing price on Wednesday. It would also value the company at around $4 billion. The two are also working on an exchange rate for Class B shares of PVTL stock for Class A shares of VMW stock, Reuters notes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's what VMware has to say about the M&A news."VMware regularly evaluates potential partnerships and acquisitions that would accelerate our strategy. Pivotal is a long-term strategic partner and we're already successfully collaborating to help enterprises in their application development and infrastructure transformation." * 10 Stocks Under $5 to Buy for Fall VMware goes on to note that this M&A news doesn't mean that there is going to be a deal. Instead, it says that its Board of Directors will continue to work with the best interest of VMW shareholders in mind. It also won't be providing anymore updates unless it reaches an agreement with Pivotal Software.PVTL stock was up 68%, VMW stock was down 6% and DELL stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future As of this writing, William White did not hold a position in any of the aforementioned securities.The post M&A News: Pivotal Software (PVTL) Stock Skyrockets on VMware Deal Talk appeared first on InvestorPlace.
- Motley Fool
Why Pivotal Software Is Skyrocketing Today
The cloud-based software maker snags a buyout offer.
- Barrons.com
Pivotal Stock Skyrockets After VMware Offer. Dell Controls Both.
Both Pivotal and VMware are controlled by Dell Technologies—and the deal would have the effect of simplifying Dell’s ownership structure at a time when the value of Dell’s VMware stake vastly exceeds Dell’s market cap.
