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GPS earnings call for the period ending August 3, 2019.
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HTHT earnings call for the period ending June 30, 2019.
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France's Macron calls Amazon rainforest fires an 'international crisis' CNNAmazon rainforest burning at record rate, engulfing Bolsonaro in controversy CBS NewsAmazon rainforest wildfires hit alarming record Fox NewsThe Amazon rainforest is burning. Be afraid. New York Daily NewsAmazon rainforest fire: right-wing populism is a threat to the climate Vox.comView full coverage on Google News
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CRM earnings call for the period ending July 31, 2019.
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The right mergers and acquisitions (M&A) can make a good company even better by opening up new markets, expanding capabilities and market share, and diversifying product lines.
Not every deal is a guaranteed winner, but investors typically benefit from smart M&A. A 2016 Booth Business School study found, on average, an increase in overall value for both the acquiring and acquired companies at the time of the merger, and a long-term rise in value for companies that made cash acquisitions.
Consider the $81 billion merger between Exxon and Mobil in 1999 that created Exxon Mobil (XOM) - now a $300 billion goliath and the largest publicly traded energy company on U.S. exchanges. Or there's Walt Disney's (DIS) $6 billion buyout of Pixar in 2006. The studio's animated films have generated nearly $11 billion in worldwide box office alone, not accounting for merchandise and other related opportunities.
Last year was an especially good year for corporate M&A thanks to major catalysts provided by tax reform, low borrowing costs and a healthy stock market. Dealmaking hit near-record levels last year. According to Mergermarket, 5,718 transactions closed, and deal volume exceeded $1.5 trillion - the second-highest total ever. Also noteworthy was last year's surge in "mega-deals" - transactions valued at more than $10 billion. These included Keurig Dr. Pepper's (KDP) $27 billion acquisition of soft drink maker Dr. Pepper Snapple Group and pharmacy chain CVS Health's (CVS) $70 billion takeover of health insurance provider Aetna.
Here are 15 large-cap stocks that are looking for big things out of their pending or recently closed M&A deals. These mergers and acquisitions are either already sparking new life in the acquiring companies, or analysts and other market professionals expect them to do so over the coming years.
SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained
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Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected.
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