Market Overview

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday February 9, 2016:

Algonquin Power & Utilities to Acquire Empire District Electric for $34/Share

The Deal:

Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners suggested a covered call strategy in Microsoft Corporation (NASDAQ: MSFT).

Shares of Walt Disney Company (NYSE: DIS) sold off in the  after-hours session on Tuesday, despite the company's strong earnings report. 

Walt Disney Co (NYSE: DIS) reported Q1 earnings at 4:15 p.m. EST Tuesday, with EPS coming in ahead of the Street ($1.63 vs. est. $1.45) and sales ahead of estimates as well ($15.24 billion vs. est. $14. 74 billion).

The EPS/Revenue results came in much closer to Estimize consensus.

Steven Milunovich from UBS spoke on CNBC's "Squawk Box" recently, discussing the tech sector outlook amid the recent selloff. One of the main subtopics covered in the conversation was whether the sector presents a buying opportunity for investors.

Paul Meeks, a veteran investor that has covered the technology industry as an analyst or manager on Wall Street for more than 20 years was a recent guest on CNBC's Halftime Report on Tuesday.

While analyst recommendations can be a hit or miss, insider transactions are usually more indicative of a company’s future stock behavior. Insiders are major owners and/or management of a particular company.

Here are the top insider transactions from last week: