Micro Focus International (MCFUY) saw light in Hewlett Packard Enterprise's (HPE) worse-than-expected second-quarter earnings released Wednesday.
Although HPE reported a steep decline in revenues in the quarter, it also reported better-than-expected margin improvements in its software business which Micro Focus is in the process of buying in an $8.8 billion deal.
Micro Focus shares were up on the news, gaining 2.1% at 11:00 BST in London, to change hands at 2,444 pence, extending a 13.25% gain over the past three months.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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