Here’s Why Microsoft, Salesforce.com, and Three Other Stocks Are Trending Today

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Analysts Root for Barrick Gold to do M&A

Analysts at J.P. Morgan think Barrick Gold Corporation (USA) (NYSE:ABX) should consider doing some M&A deals to replace its reserves and maintain its production in the future. Analyst John Bridges said: “Barrick is the world’s largest gold miner and – like a supertanker – has to move early to avoid bad outcomes”. Given the rising gold spot prices, big and medium sized M&A deals could be more acceptable for shareholders as gold is no longer a declining commodity anymore. A total of 49 funds tracked by us owned shares of Barrick Gold Corporation (USA) (NYSE:ABX) at the end of the first quarter, up by nine funds from the previous quarter.

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KKR Close to Complete Deal with Pemex

KKR & Co. L.P. (NYSE:KKR) is trending today after sources report that the private equity firm and Mexico’s Pemex are close to completing a $1.2 billion sale and leaseback deal. Due to low oil prices, Pemex is in need of money, and the company will raise some money by selling some of its infrastructure assets to KKR, which KKR will rent back to Pemex. Overall, 27 elite funds owned shares of KKR & Co. L.P. (NYSE:KKR) at the end of March.

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Salesforce.com Was In the Running For LinkedIn

According to Bloombergsalesforce.com, inc. (NYSE:CRM) ‘was a rival potential bidder’ for LinkedIn Corp (NYSE:LNKD) before Microsoft Corporation (NASDAQ:MSFT) bought the company for over $26 billion in cash. Salesforce.com had previously retained Goldman Sachs Group as an advisor for a potential bid. The cloud software company could have used LinkedIn’s massive information set on its business users to further improve its product offerings. A total of 63 funds from our database owned shares of salesforce.com, inc. (NYSE:CRM) at the end of March, up by two from the end of December.

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