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A marriage made in in the clouds. After the close on Wednesday, Cloudera and Hortonwork announced a merger of equals. After the deal closes, which is expected to happen in the first quarter of 2019, Cloudera shareholders will own 60% of the combined...
With an upgrade and move past resistance, Cloudera stock appears headed higher.
Although HDP's dip in December was deep, there was no specific reason -- other than rotation.
Ultimately, I think GE can trade a bit higher, but I'm staying tight in case the rally fizzles.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.