Short weekend, huh? After what seemed like the never-ending week last week, this week got off to a vibrant start with a pair of multibillion deals: Samsung Electronics (SSNLF) agreed to buy Harman International (HAR) for $8 billion and Siemens (SIEGY) agreed to buy Mentor Graphics (MENT) for $4.5 billion.
Still riding the so-called Trump Rally, the Dow hit a record-high midday Monday (closing higher, but off its high) while the S&P and Nasdaq both closed lower as a tech sell-off continued on fears of president-elect Trump cracking down on Silicon Valley.
So while you were either still adjusting to the new normal under president-elect Trump, wondering why Action Alerts PLUS holding Apple (AAPL) didn't make a play for Harman or eyeing soaring Treasury yields and dipping energy prices TheStreet and its affiliates were working to uncover investable ideas to help you mold your portfolio. Also, don't forget some token Trump coverage because no one can read enough about him or his prospective policies.
Here are the highlights:
Trump Attack on New York Times Proves There's No Such Thing as Bad Publicity
The New York Times and Donald Trump traded barbs recently amid debate over campaign coverage while shares of the publisher continue to enjoy a post-election bounce. Full story
GNC: A Takeover Candidate No More?
As GNC fundamentals falter, the nutritional supplements retailer struggles to lure bids. Full story
Tweet of the Day:
American Apparel Mismanaged its Turnaround Strategy, Court Papers Show
The Los Angeles clothing retailer shrank its online sales figures and struggled with quality control issues when it last emerged from Chapter 11 in February. Full story
Chart of the Day: Target Has Work Ahead to Launch a Sustained Uptrend
Heritage Resources, Echo Energy on the Block in Oklahoma
Two processes are under way for oil and gas companies focused on Oklahoma's lucrative SCOOP and STACK plays, both of which have bids due Nov. 15, The Deal has learned. Full story
How Alternative Lenders Are Saving the European Mid-Market
From the financial crisis to Brexit, events have forced banks to retrench, prompting new types of capital provider to step into the breach. Full story
Video of the Day: 3 Retail Stocks to Short Ahead of Holiday Season
The holiday shopping season almost always determines the retail sector's big winners. But investors can also profit by shorting companies who come up short this time of year. (KIRK) (TTS) (RCL) Full story