Netflix (NFLX) - Get Report and Twitter (TWTR) - Get Report both spiked Monday on separate buyout-related speculation, as the broader markets retreated. Intel (INTC) - Get Report edged slightly down despite a price target increase by Pacific Crest Securities. It's the second increase in roughly three weeks.
Netflix is gaining on takeover speculation of a potential buyout deal with Walt Disney (DIS) - Get Report , according to a Bloombergreport. The chatter seems to be around the streaming video company potentially attracting a buyer before it reports its quarterly results in a couple weeks.
Of course, bullish sentiment over Netflix's upcoming earnings could also help spur its shares higher, but it is interesting to note that Netflix's percentage jump, in a down market day, was comparable to Twitter's gain -- another buyout candidate.
Netflix soared 4.1% to end the day at $102.63.
Twitter sharply jumped after Alphabet (GOOGL) - Get Report become the latest potential suitor for the micro-blogging social media site. Google's parent company has reportedly hired Lazard to be its financial advisor in evaluating a potential Twitter bid, according to a Bloombergreport.
Google and Twitter are no business strangers. The companies previously collaborated on advertising as well as mobile publishing, Bloomberg noted, pointing out that Google's previous social media efforts through its Google Plus have largely been lacking.
Twitter, meanwhile, is working with Goldman Sachs and Allen & Co. to seek bids following interest from Salesforce.com (CRM) - Get Report . Other potential buyers include Microsoft (MSFT) - Get Report and Disney.
Twitter jumped 4.1% to close at $24.
Intel received its second price increase from Pacific Crest Securities in roughly three weeks, but that failed to push the chip maker's stock higher.
In its most recent target price increase, Pacific cited a rise in server component orders from Intel's customers that are facing hyperscale. When it raised its price target last month, it came on the heels of Intel saying it expected higher revenue in the current quarter, due to an improvement in PC sales.
Intel closed slight down at 0.24% to finish the day at $37.66.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.