Social Market Talk: Microsoft May Be Starting an M&A Offensive -- Socialnetworktrends


Microsoft's planned Nuance Communications  acquisition may be just the first of many to follow, Wedbush's Dan Ives and Strecker Backe say. We use Nuance medical speech to text for our UWP based EHR. To get this to work, we had to jump through a lot of hoops (running a full trust process in a "Packaged application". Hopefully they'll support UWP natively.

Large cap notable movers of interest -- Nuance Communications (NUAN) gains on acquisition agreement - Socialnetworktrends. 


"Microsoft is on the M&A warpath over the next 12 to 18 months and Nuance could be the first step in an increased appetite for deals in 2021 with Discord (video game chat community) another potential trophy for Redmond," Ives and Backe say. Nuance " -- is a strategic no brainer in our opinion for MSFT and fits like a glove into its healthcare endeavors at a time in which hospitals and doctors are embracing next generation AI capabilities from thought leaders such as Nuance," the analysts say, adding " the key goldmine" is Nuance Dragon Ambient eXperience, or DAX, built on Microsoft Azure. 

The following are some of today's most notable large cap movers of interest ($10 bln - $200 bln market cap), ranked by % change (all stocks over 100K average daily volume).


Large Cap Gainers

NUAN (52.81 +15.86%): Agreed to be acquired by Microsoft (MSFT) for a premium $56/share in cash; the transaction is valued at $19.7 bln, inclusive of net debt, and is expected to close by the end of this calendar year. Microsoft expects the acquisition to double its total addressable market in the healthcare provider space. 

At record highs.DASH (147.83 +5.22%): Extends Friday's strength on higher than average volume. Peer Uber (UBER) today provided upbeat commentary on continued consumer demand for Delivery services. At one-month highs.MCFE (25.38 +5.05%): Gains to new record highs on above 2x average volume.

Large Cap Losers

TTM (18.66 -12.15%): Drops to two-month lows on higher than average volume. Indian names generally lag; the iShares MSCI India ETF (INDA) drops by close to 4% as the country deals with a surge in COVID-19 infections. (Related: VEDL, IBN, HDB...)GME (141.25 -10.8%): Downgraded to Sell from Hold at Ascendiant Capital Markets. Reports also suggested today that co is opening a search for a new CEO. 

The stock sees continued pullback; the stock has now netted a decline of approx. 26% month-to-date. PLUG (29.61 -8.33%): Downgraded to Equal-Weight from Overweight at Morgan Stanley. The stock touches down to its lowest levels since December.


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