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Here Are 3 Hot Things to Know About Stocks Right Now

Wall Street Overview

Stocks on Wall Street logged a third straight day of gains Monday, July 9, as investor sentiment remained buoyant after the U.S. jobs report showed solid growth with little underlying inflation pressure.

The Dow Jones Industrial Average undefined  rose 32 points, or 1.3%, to 24,777, the S&P 500 undefined  gained 0.88% and the Nasdaq undefined  rose 0.88% as well.

The 213,000 jobs added to U.S. payrolls in June and slower-than-expected annual wage growth of 2.7% could set the table for a strong summer performance for U.S. markets as investors trimmed bets on faster rate hikes from the Federal Reserve and prepped for what could be another robust corporate earnings season.

Also lifting sentiment Monday was a lack of headlines linked to the various trade disputes between Washington and its major economic allies and a steadying in global oil prices following consecutive weekly gains.

Shares in Asia and Europe booked solid gains.

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TheStreet Recommends

Groupon Inc. (GRPN) - Get Groupon Inc. Report  rose 10% on Monday following a report that suggested the discount voucher company was looking for a buyer.

Groupon, as well as bankers representing it, have contacted several public companies in the past month to try to drum up interest in acquiring the Chicago-based company, two people briefed on the approaches told Recode.

PayPal Holdings Inc. (PYPL) - Get PayPal Holdings Inc. Report , flush with cash and boasting a clean balance sheet amid the golden age of digital payments, plans to spend $1 billion to $3 billion a year on acquisitions, said PayPal CEO Dan Schulman in a new interview with Germany's Handelsblatt newspaper. The stock rose 0.3%.

PayPal is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells PYPL? Learn more now.

BP PLC (BP) - Get BP p.l.c. Report  is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd. (BHP) - Get BHP Group Limited American Depositary Shares (Each representing two) Report after submitting an offer of more than $10 billion, people familiar with the matter told Reuters.

GameStop Inc. (GME) - Get GameStop Corporation Report rose 1.9% to $15.44 after Jefferies analyst Stephanie Wissink initiated coverage of the stock with a buy rating. Wissink's price target is $18.

Twitter Inc. (TWTR) - Get Twitter Inc. Report  pared earlier losses but still ended the day down 5.3% after the Washington Post reported the company has shut down up to 70 million fake and suspicious accounts since May.

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