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Financial Soultions: Wall Street starts the week looking positive.

Financial Soultions: Wall Street starts the week looking positive.

 
PRLog - Sep. 28, 2009 - HONG KONG -- U.S. stocks look ready for a strong week ahead as merger and acquisition action and the last days of the last quarter heartened investors following 3 straight sessions of losses, Financial Soultions research indicates.

First on the list is the news that Xerox Corp will acquire Affiliated Computer Services Inc for $6.4 billion in a cash and stock deal that boosts the copier company into technology outsourcing and data management.

Xerox shares dropped 9.4% to $8.17 in premarket trade while ACS rocketed up 21% to $57.27, signifying investor confidence, Financial Soultions noted.

Abbott Laboratories announced that it would be buying the drugs unit of Solvay in a $6.6 billion transaction, giving Abbott full control of its Belgian development partner's lucrative cholesterol treatments and expanding exposure to emerging markets, as well as pushing Abbott stock up 2%.

Respected market analysts known to Financial Soultions have said that merger and acquisition activity at this time are good signs, indicating that there is obviously funding and liquidity at present and that companies buying in new businesses is ordinarily a sign of an optimistic market.

Over all  the entire S&P 500 futures index climbed 6.3 points, while the Dow Jones industrial average futures rose 42 points and Nasdaq 100 futures added 9 points.

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Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service.

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Contact Email:
***@financialsoultions.com Email Verified
Source:Financial Soultions
Location:Hong Kong - Hong Kong Island - Hong Kong
Industry:Business, Finance
Tags:mergers and aquisitions, wall street, nyse, xerox, stocks, abbott laboritries
Shortcut:prlog.org/10356613
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