Alcatel-Lucent (ALU) Continues Higher
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Alcatel-Lucent, S.A. (NYSE: ALU) marched higher on Monday, a move related to increased M&A speculation. Chatter kicked into high gear on Tuesday, September 3rd, following news Microsoft (Nasdaq: MSFT) plans to buy Nokia's (NYSE: NOK) device business. Since then, the stock is higher by over 15%, with chatter ongoing.
On Friday, CNBC's Jim Cramer chimed in, recommending the stock on increase telcom equipment spending in the U.S. and Europe. Cramer also noted potential interest by Nokia.
On Friday, CNBC's Jim Cramer chimed in, recommending the stock on increase telcom equipment spending in the U.S. and Europe. Cramer also noted potential interest by Nokia.
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