These buys are making all the right moves

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments that promise to brighten your prospects. Here are two buys with new developments that stand out this month: TWILIO INC., $334.40, is a buy. The company (Nasdaq symbol TWLO; TSINetwork Rating: Extra Risk) (www.twilio.com; Shares outstanding: 162.4 million; Market cap: $57.9 billion; No dividends paid) has just agreed to acquire Seattle-based business-texting startup Zipwhip for $850 million. Founded in 2007, Zipwhip works with wireless carriers to enable hundreds of millions of business landlines to receive and send text messages. This lets businesses text their customers using their existing business phone numbers. Demand for the company’s services has jumped during the pandemic, as more businesses have adopted texting as a way to connect with customers. Meanwhile, the company will also benefit from Zipwhip’s customer base, which will also expand its global reach. Notably, Zipwhip is one of the biggest toll-free messaging providers to partner…

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