The markets finished Monday in the red, closing near session lows. The Dow 30 closed off by 64 (-0.36%), the S&P 500 lost 6 (-0.32%), and the Nasdaq 100 lost 22 (-0.46%).Groupon (NASDAQ: GRPN) Surged 9.44% today as the daily deals site announced an investment of $250 million from Atairos. As part of the deal, Comcast Corporation will work with Groupon on potential strategic partnership opportunities.
This morning Alaska Air (NYSE: ALK) announced that they have reached a deal to buy Virgin America (NYSE: VA) for $2.6 billion in cash, ending a bidding war with rival JetBlue. Alaska Air will pay $57 per share for Virgin America, which represents a 47% premium to its Friday closing price of $38.90. Shares of Alaska Air closed lower by 3.77% today.
Apple (NASDAQ: AAPL) added another 0.99% today after Credit Suisse (NYSE: CS) added the tech giant to its US Focus list, considering the tech giant as one of its top investment ideas. Credit Suisse has an outperform rating on the stock and a price target of $150 per share.
Facebook (NYSE: FB) came off highs today losing 3.02% after Deutsche Bank analyst Ross Sandler predicted shares will dip after Facebook's first-quarter earnings report, before charging toward $145 per share within the year.
Lastly, Tesla (NASDAQ: TSLA) added another 3.96% to its recent rally as CEO Elon Musk tweeted over the weekend that the company received 276,000 orders for its new Model 3 sedan. Potential car owners need to put down only $1,000 deposits to reserve their vehicles.