A mixed day on Wall Street with little chatter from Capitol Hill was a welcome sight to Dow investors as it was the only major index in the black Thursday. The S&P and Nasdaq remained on pins and needles, both closing down. "It is mixed action that has had a tendency to resolve itself to the upside in recent years, but the buyers are not as impatient as they used to be," wrote James "Rev Shark" Deporre on TheStreet's premium site Real Money today. "I suspect there is a large group of potential dip-buyers that are waiting to jump in if some technical levels are breached or there is a dip on bad news."
Rev calls investor attention to Alibaba (BABA - Get Report) , whose stock popped more than 3% after news broke that Jack Ma's e-commerce giant might list its stock on a China exchange. That renewed interest in the stock, which trades at a lower valuation than peers such as Amazon (AMZN - Get Report) . Rev is looking for the right level to add to his still-small position in BABA, though you'll have to read his piece to find out where those thresholds are.
There are no mixed signals being tossed around at Xerox (XRX - Get Report) Carl Icahn is not happy with the current state of the company and its proposed merger with Fujifilm. Icahn on Wednesday said he hired an ex-Hewlett Packard executive as a consultant to back a change-of-control director-election contest currently underway. Icahn's ultimate goal may be to drive the document processing company into selling itself to HP Inc. (HPQ - Get Report) , rather than Fujifilm, write The Deal's Ron Orol. The ex-corporate raider believes the deal is dramatically one sided, benefiting primarily Fuji. The deal, if approved, would give the Japanese imaging, photography, and technology company 50.1%, and thus control of the combined business. Icahn said in a note attached to a securities filing that the consultant he hired, John Visentin, will help with an upcoming director-election contest launched by Darwin Deason, Xerox's third-largest shareholder and Icahn's partner, seeking to take over the entire 10-person board of the document technology company.
With rumors now swirling that FireEye (FEYE - Get Report) is being looked at by Symantec (SYMC - Get Report) and Cisco (CSCO - Get Report) , I've got to point out that readers of TheStreet's sister publication, The Deal, were privy to this knowledge only some 15 months prior. Our Chris Nolter reported in late 2016 that FireEye was a prime takeover target. The likely buyers mentioned then, you ask: Cisco and Symantec. The Deal reminded folks last month that FireEye, as well as Rapid7 Inc. (RPD - Get Report) , Proofpoint Inc. (PEPT and Splunk Inc. (SPLK - Get Report) could also be taken out.
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Photo of the day: A sad ending for Toys 'R' Us
Sorry, kids. Even Geoffrey the Giraffe couldn't withstand the Amazon effect. Toys 'R' Us is going out of business, closing all of its 740 stores in the U.S. over the coming months. David Brandon, CEO of the 70-year-old retailer, told employees Wednesday that Toys "R" Us will liquidate all of its stores in the U.S., but will try to bundle its roughly 200 stores in Canada to shop for a buyer. The company's online operations are expected to continue for now in the hopes of finding a buyer. Needless to say, the news left many consumers and former patrons saddened, TheStreet's Kinsey Grant has more reaction from around the web. Read More
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