Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s Why AMD, InvenSense, Amazon, and More Are Trending

General Electric Company (NYSE:GE) and Baker Hughes Incorporated (NYSE:BHI) are trending after the Wall Street Journal reported that Baker Hughes’ CEO, Martin Craighead, has confirmed that his company is in talks with GE.

“I want to clarify that while we have been in discussions with GE, nothing is concluded and there is no guarantee anything will be concluded,” Craighead said in an email.

Although a GE spokesperson said on Thursday that the conglomerate isn’t considering an outright purchase, the company is interested in forming a potential partnership. Because neither GE nor Baker Hughes elaborated on what ‘partnership’ meant, investors are uncertain as to what the two companies are striving for. Some Wall Street analysts speculate that a partnership means that GE could give itself an option to purchase Baker Hughes down the road. Other analysts speculate that the term means GE could merge its oil and gas segment with Baker Hughes to unlock synergies, and then spin the combined company into a stand-alone company in a tax-advantageous way.

Follow Baker Hughes A Ge Co Llc (NYSE:BHI)
Trade (NYSE:BHI) Now!

Of the 749 hedge funds that we track which filed 13Fs for the June quarter, 44 were long Baker Hughes Incorporated (NYSE:BHI) at the end of June, while 57 owned shares of General Electric Company (NYSE:GE).

Follow General Electric Co (NYSE:GE)
Trade (NYSE:GE) Now!

Amazon.com, Inc. (NASDAQ:AMZN) is in the spotlight after the e-commerce giant began offering its Prime service in China for the first time on Friday. For its customers in China, Amazon’s Prime free-shipping service costs 388 yuan annually, or over $40 less than the current U.S. cost of $99 per year. Although it won’t include any free digital content, Prime’s Chinese service does include free shipping on purchases of over 200 yuan ($29.50) on millions of participating overseas products. Given the size of the e-commerce market in China, Amazon bulls hope the company’s new Prime service will help it rapidly gain marketshare from the current 800-pound-gorilla in the space, Alibaba Group Holding Ltd (NYSE:BABA). Ken Fisher’s Fisher Asset Management owned 1.98 million shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of September, which accounted for 2.93% of the value of the fund’s public equity portfolio at the time.

Follow Amazon Com Inc (NASDAQ:AMZN)
Trade (NASDAQ:AMZN) Now!

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...