Dec 19th, 2023 – While experiencing a current negative trading trend (-0.45% at 12:30 EST), portfolio holding International Business Machines (IBM, 0.1693 units @ $151.04) announced the forthcoming acquisition of 2 major platforms, Software AG’s StreamSets and WebMethods, paying $2.3 billion cash. The decision taken by the tech giant will contribute to the increase of its dominance in the AI and Hybrid Cloud sectors, with positive outcomes on its market performances in the near future. StreamSets and WebMethods together form one unique tech super platform owned by Software AG, serving more than 1500 customers worldwide.
Portfolio holding Boeing (BA, 0.15 units @ $251.28) is currently trading at $263.93 as of 12:46 EST (+1.35%). One of the main reasons behind this upward trend in the stock behavior is represented by an important airplane purchasing program adopted by Lufthansa. It consists in buying 40 Boeing 737- 8 MAX together with 40 future buying options. Airbus (AIR), Boeing’s rival, is also involved in this plan, which in the end should amount to a digit in the near of $9 bln worth of expenditure from Lufthansa.
Today, North Memorial Health, a major US community hospital located in Minnesota, decided to substitute 14 different and very complex business systems with a single and integrated cloud suite of various and vital applications, increasing and improving the level of connection between all the processes related to finance, supply chain and HR. The supplier chosen by North Memorial is portfolio holding Oracle (ORCL, 0.4 units @111.10) with its cloud applications suite, a very important achievement for the Santa Clara based company, with future positive impacts in terms of economic/financial performances and also reputation, with Oracle trading at $105.79 (+0.75%) as of 13:15 EST.
Author: Piero Foberti