Today’s Trending Stocks: Ruby Tuesday, Deutsche Bank, Qualcomm, and More

Deutsche Bank AG (USA) (NYSE:DB) is in the spotlight after German newspaper Handelsblatt reported that several German blue-chips are ready to offer a capital injection that could potentially amount to billions of euros should the bank need it. Under the plan, the companies would buy the bank’s stock to boost its reserves. Many investors believe a private sector bail-out would be more preferable than a public bailout given the political costs to Angela Merkel if the latter scenario arose. Ideally, however, many bulls hope Deutsche Bank will settle with the DOJ for a smaller amount than what the market expects for its past mortgage-securities-related misdeeds dating back to the financial crisis. Thomas G. Maheras’ Tegean Capital Management established a new stake of 400,000 shares in Deutsche Bank AG (USA) (NYSE:DB) during the second quarter.

The market has more information concerning NXP Semiconductors NV (NASDAQ:NXPI)‘s talks to potentially sell itself to QUALCOMM, Inc. (NASDAQ:QCOM). According to Bloomberg, Qualcomm is currently the only company in talks to buy NXP and the two sides are less than 10% apart in terms of the price needed to get a deal past the finish line. NXP is targeting a price of $120 per share, while Qualcomm is pushing for a price of $110 per share. In addition, NXP would prefer the takeout price to be all-cash, while Qualcomm would like 25% of the purchase to be made with stock.

According to our records, 48 hedge funds that we track owned shares of QUALCOMM, Inc. (NASDAQ:QCOM) at the end of June, while 57 were long NXP Semiconductors NV (NASDAQ:NXPI).

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