Below is a list of twenty-four companies that have been identified as potential takeover or leveraged buyout (LBO) candidates by various publications, including Barron’s, TheStreet.com, CNBC and StreetInsider. (To access the complete list, click here.)These stocks are also oversold, as indicated by an RSI(14) reading below 40.
Do you think these stocks are ripe for a turnaround? Use this list as a starting-off point for your own analysis.
RSI and other data sourced from Finviz.
List sorted by market cap.
1. eBay Inc. (EBAY): Catalog & Mail Order Houses Industry. Market cap of $39.87B. RSI(14) at 38.14. Source of takeover/LBO idea: Barron’s. After a solid performance over the last year, EBAY has pulled back during recent sessions. The stock is 5.43% below its SMA20 and 4.68% below its SMA50, but remains 12.44% above its SMA200. The stock has performed poorly over the last month, losing 11.85%.
2. Allergan Inc. (AGN): Drug Manufacturer. Market cap of $21.38B. RSI(14) at 38.64. Source of takeover/LBO idea: Street Insider and UBS. The stock has gained 8.99% over the last year.
3. NetApp, Inc. (NTAP): Data Storage Devices Industry. Market cap of $17.87B. RSI(14) at 38.78. Source of takeover/LBO idea: Street Insider, UBS, Marketwatch. The stock has lost 11.32% over the last month.
4. Salesforce.com (CRM): Application Software Industry. Market cap of $16.35B. RSI(14) at 38.09. Source of takeover/LBO idea: Business Insider. The stock has performed poorly over the last month, losing 11.72%.
5. NVIDIA Corporation (NVDA): Semiconductor Industry. Market cap of $10.50B. RSI(14) at 33.41. Source of takeover/LBO idea: CNBC. The stock has lost 30.84% over the last month.
6. Quest Diagnostics Inc. (DGX): Medical Laboratories & Research Industry. Market cap of $9.20B. RSI(14) at 38.76. Source of takeover/LBO idea: Merrill Lynch. Relatively low correlation to the market (beta = 0.53), which may be appealing to risk-averse investors. The stock has lost 6.56% over the last year.
7. Red Hat, Inc. (RHT): Application Software Industry. Market cap of $7.68B. RSI(14) at 39.8. Source of takeover/LBO idea: Street Insider and UBS. The stock has performed poorly over the last month, losing 12.66%.
8. Akamai Technologies Inc. (AKAM): Internet Information Providers Industry. Market cap of $6.81B. RSI(14) at 36.3. Source of takeover/LBO idea: Street Insider and Business Insider. Risk-averse investors may appreciate that AKAM has a relatively low correlation to the market (beta = 0.63). The stock has performed poorly over the last month, losing 14.74%.
9. Lear Corp. (LEA): Auto Parts Industry. Market cap of $3.88B. RSI(14) at 39.39. Source of takeover/LBO idea: UBS. After a solid performance over the last year, LEA has pulled back during recent sessions. The stock is 5.13% below its SMA20 and 7.64% below its SMA50, but remains 12.11% above its SMA200. The stock has gained 26.8% over the last year.
10. BioMarin Pharmaceutical Inc. (BMRN): Biotechnology Industry. Market cap of $2.63B. RSI(14) at 31.53. Source of takeover/LBO idea: Morningstar. The stock is a short squeeze candidate, with a short float at 7.97% (equivalent to 11.46 days of average volume). The stock has performed poorly over the last month, losing 16.05%.
11. Novell Inc. (NOVL): Security Software & Services Industry. Market cap of $2.05B. RSI(14) at 38.36. Source of takeover/LBO idea: Street Insider. The stock has lost 1.53% over the last year.
12. AOL, Inc. (AOL): Internet Information Providers Industry. Market cap of $2.02B. RSI(14) at 32.85. Source of takeover/LBO idea: UBS. The stock is a short squeeze candidate, with a short float at 9.61% (equivalent to 7.63 days of average volume). The stock has performed poorly over the last month, losing 14.25%.
13. Webster Financial Corp. (WBS): Regional Bank. Market cap of $1.85B. RSI(14) at 38.25. Source of takeover/LBO idea: Dick Bove, Banking Analyst. Short float at 5.7% (equivalent to 6.61 days of average volume), implying the stock is a short squeeze candidate. After a solid performance over the last year, WBS has pulled back during recent sessions. The stock is 4.9% below its SMA20 and 5.94% below its SMA50, but remains 10.26% above its SMA200. The stock has gained 18.25% over the last year.
14. RadioShack Corp. (RSH): Electronics Stores Industry. Market cap of $1.50B. RSI(14) at 36.88. Source of takeover/LBO idea: TheStreet. The stock has performed poorly over the last month, losing 10.45%.
15. Office Depot, Inc. (ODP): Specialty Retail Industry. Market cap of $1.38B. RSI(14) at 33.7. Source of takeover/LBO idea: TheStreet. This is a risky stock that is significantly more volatile than the overall market (beta = 3.27). It's been a rough couple of days for the stock, losing 5.5% over the last week.
16. GSI Commerce Inc. (GSIC): Business Services Industry. Market cap of $1.32B. RSI(14) at 38.94. Source of takeover/LBO idea: UBS. The stock is a short squeeze candidate, with a short float at 16.82% (equivalent to 7.87 days of average volume). The stock has had a couple of great days, gaining 6.47% over the last week. The stock has performed poorly over the last month, losing 11.04%.
17. American Superconductor Corporation (AMSC): Diversified Electronics Industry. Market cap of $1.20B. RSI(14) at 33.56. Source of takeover/LBO idea: NASDAQ.com community. Short float at 24.24% (equivalent to 12.46 days of average volume), implying the stock is a short squeeze candidate. The stock is currently stuck in a downtrend, trading 7.87% below its SMA20, 13.7% below its SMA50, and 22.18% below its SMA200. The stock has performed poorly over the last month, losing 15%.
18. OfficeMax Inc. (OMX): Specialty Retail Industry. Market cap of $1.13B. RSI(14) at 35.63. Source of takeover/LBO idea: TheStreet. This is a risky stock that is significantly more volatile than the overall market (beta = 2.69). The stock is a short squeeze candidate, with a short float at 13.81% (equivalent to 6.01 days of average volume). The stock has performed poorly over the last month, losing 11.03%.
19. Emulex Corp. (ELX): Computer Peripherals Industry. Market cap of $891.93M. RSI(14) at 39.23. Source of takeover/LBO idea: Barron’s. Short float at 11.07% (equivalent to 7.11 days of average volume), implying the stock is a short squeeze candidate. The stock has performed poorly over the last month, losing 12.38%.
20. Savient Pharmaceuticals, Inc. (SVNT): Biotechnology Industry. Market cap of $661.93M. RSI(14) at 36.79. Source of takeover/LBO idea: Street Insider. This is a risky stock that is significantly more volatile than the overall market (beta = 2.11). The stock is a short squeeze candidate, with a short float at 21% (equivalent to 5.7 days of average volume). The stock has lost 36.11% over the last year.
21. Barnes & Noble, Inc. (BKS): Specialty Retail Industry. Market cap of $557.92M. RSI(14) at 21.74. Source of takeover/LBO idea: Street Insider and TheStreet.com. Short float at 28.59% (equivalent to 9.56 days of average volume), implying the stock is a short squeeze candidate. The stock is currently stuck in a downtrend, trading 24.14% below its SMA20, 39.27% below its SMA50, and 38.55% below its SMA200. It's been a rough couple of days for the stock, losing 13.21% over the last week.
22. Quantum Corp. (QTM): Data Storage Devices Industry. Market cap of $556.74M. RSI(14) at 36.11. Source of takeover/LBO idea: Barron’s. QTM is a risky stock that is significantly more volatile than the overall market (beta = 3.19). The stock has performed poorly over the last month, losing 13.94%.
23. Build-A-Bear Workshop Inc. (BBW): Toy & Hobby Stores Industry. Market cap of $123.20M. RSI(14) at 39.68. Source of takeover/LBO idea: Wall Street Journal and TheStreet. The stock is a short squeeze candidate, with a short float at 8.41% (equivalent to 11.08 days of average volume). The stock has lost 3.32% over the last year.
24. The LGL Group, Inc. (LGL): Scientific & Technical Instruments Industry. Market cap of $31.70M. RSI(14) at 23.74. Source of takeover/LBO idea: NASDAQ.com community. The stock is currently stuck in a downtrend, trading 18.96% below its SMA20, 29.94% below its SMA50, and 25.91% below its SMA200. It's been a rough couple of days for the stock, losing 19.76% over the last week.
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