Merger Monday's Latest Target Hints at Value in Tech
The stock market has been in a consistent downturn for months now, with little relief for investors along the way. However, Wall Street got a little bit of a reprieve late Friday, when markets rebounded from deep losses to finish roughly unchanged on the day. The positive momentum from that bounce seemed ready to continue on Monday morning, and gains were fairly widespread. As of 7:30 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 319 points to 31,532. S&P 500 (SNPINDEX: ^GSPC) futures had gained 43 points to 3,943, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were higher by 113 points to 11,953.
Most investors see technology stocks and value investing as mutually exclusive. However, with the bear market in the Nasdaq focusing largely on technology stocks, share prices have fallen low enough in some cases to warrant a new look at companies as potential value candidates. That appeared to be the motivation behind speculation about a major acquisition Monday morning, and it could drive investors to look at other companies as possible takeover targets at their much lower prices.
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Source Fool.com
