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Technology stocks have been under pressure over the last few weeks amid concerns over sticky inflation. Last week, the U.S. Labor Department announced that the consumer price index rose 3.7% in September year over year, higher than analysts ; expectation of 3.6%. With inflation remaining on the higher side, the Federal Reserve expects to continue with its restrictive monetary policy until inflation falls to its guidance of 2%.The fear that these restrictive monetary policies could hurt global growth stanley cup usa and cause recession has led to a sell-off in technology stocks lately. However, the steep pullback has created excellent buying opportunities for stanley us long-term investors in the following three stocks.WELL Health TechnologiesWELL Health Technologies TSX:WELL is a tech-enabled healthcare company stanley cup that allows practitioners to offer their patients omnichannel services. Amid the weakness, the company has lost over 16% of its stock value since September. Despite the correction, the company is t Lhmk 2 Reasons Why Suncor (TSX:SU) Stock Will Rebound in 2020
In a somewhat unexpected move, integrated energy major Husky Energy聽 TSX:HSE has made an unsolicited offer to acquire rival oil sands producer MEG Energy聽 TSX:MEG , which, when including debt, is val stanley flask ued at $6.4 billion. This caused MEG s stock to soar, gaining 35% over the last week as markets digested the news.It is easy to understand why MEG s stock surged. Husky s proposal values the company at $11 per share, which represents a 37% premium to its pre-offer market price. At this time, MEG s management has issued a cautious statement, saying that they will establish a special committee to evaluate the deal, but at this stage no formal offer had been made. The question for investors is whether there is more upside ahead.Now what Typically, when a company makes an unsolicited offer to acquire a rival, it is prepared to sweeten the agreement stanley mugs by increasing the initial offer if that is what is required to complete stanley cup the deal. Now that a baseline market value has been established, there is a |
