Five Stocks to Watch in July

The U.S. stock markets continued making new highs in June. Nevertheless, the market began correctively declining after the Federal Reserve announced it would taper off its QE program at the end of this year, and perhaps end stimulus measures sometime in 2014. The summer promises to be hot, both in temperature and with stocks, here are five stocks to watch in July.

Dell Inc. (DELL) - After news that Carl Icahn had committed more than $3 billion for an alternative deal, Michael Dell, the founder and CEO was advised by the company's special committee to increase his $24.4 billion offer to take the company over.
Icahn is leading a group of investors in an alternative bid disclosing on Tuesday that $3.42 billion, or 66 percent of debt financing had already been secured. Another $1.6 billion or 30 percent of the $5.2 billion was provided by underwriter Jeffries & Co. with $179 million from 14 institutional funds. (PCLN) - Online travel company has reached #26 in the Nasdaq's most shorted stocks list. Nevertheless, Priceline's stock has just reached a new all time high of $854.60 per share on Tuesday. The company recently issued $1 billion in senior notes at a low interest rates and intends to buy back $1 billion in stock. is expecting earnings to grow 21-23 percent per year for the next three years.

Yahoo Inc. (YHOO) - Adding to its string of acquisitions, Yahoo announced on Tuesday that it would purchase Qwiki Inc., a developer of a mobile app for making videos in Apple's (AAPL) iPhone. The deal would have Yahoo pay approximately $50 million for the developer according to a source; nevertheless, details of the deal were not disclosed. The acquisition will increase Yahoo's presence in the tablet and smartphone markets and is Yahoo's third acquisition since May. Yahoo paid $1.1 billion for Tumblr and recently announced it had acquired Bignoggins Productions, another developer of mobile apps.

Linn Energy LLC (LINE)- Dropping almost -19 percent on Tuesday, its biggest decline in three years, Linn Energy LLC stock was reacting to an inquiry by the U.S. SEC into the February takeover of Berry Petroleum (BRY). The SEC will conduct a "private, non-public inquiry" of Linn and its affiliate LinnCo LLC (LNCO). The SEC asked for documents relating to the Berry deal, as well as hedging strategies and items related to financing. In a statement, the company said that, "The impact of the inquiry on the timing of LinnCo's proposed merger with Berry Petroleum Co. is difficult to predict."

Research in Motion Ltd (BBRY) - After announcing disappointing first quarter earnings, Research in Motion stock has had three downgrades from Needham and Co, Societe Generale. And Deutsche Bank that cut their rating on the stock to the equivalent of a hold. According to the company, total sales for handsets in the quarter ending May 31st, came to 6.8 million units. Analysts expected the company to sell a total of 7.5 million handsets. Research in Motion is feeling the heat put on by other manufacturers, nevertheless, recent declines in the stock could make the company a potential takeover target.

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Published on Jul 3, 2013
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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