Netflix (NFLX) and Twitter (TWTR) both spiked Monday on separate buyout-related speculation, as the broader markets retreated. Intel (INTC) edged slightly down despite a price target increase by Pacific Crest Securities. It's the second increase in roughly three weeks.
Netflix is gaining on takeover speculation of a potential buyout deal with Walt Disney (DIS) , according to a Bloomberg report. The chatter seems to be around the streaming video company potentially attracting a buyer before it reports its quarterly results in a couple weeks.
Of course, bullish sentiment over Netflix's upcoming earnings could also help spur its shares higher, but it is interesting to note that Netflix's percentage jump, in a down market day, was comparable to Twitter's gain -- another buyout candidate.
Netflix soared 4.1% to end the day at $102.63.
Twitter sharply jumped after Alphabet (GOOGL) become the latest potential suitor for the micro-blogging social media site. Google's parent company has reportedly hired Lazard to be its financial advisor in evaluating a potential Twitter bid, according to a Bloomberg report.
Google and Twitter are no business strangers. The companies previously collaborated on advertising as well as mobile publishing, Bloomberg noted, pointing out that Google's previous social media efforts through its Google Plus have largely been lacking.