Benzinga offers insights into this weekend’s top stories covered by Barron’s. These articles are essential reads for investors.
Intel Stock: A Tough Week
Tae Kim and Brian Swint analyze the recent performance of Intel Corp INTC stock. Shares experienced a 12% decline, inspired by gloomy guidance and concerns about its competitiveness in AI. To add to the company’s worries, analysts have downgraded their outlook.
Entering the NYSE: Flutter Entertainment vs. DraftKings
Angela Palumbo reports on the impending New York Stock Exchange debut of Flutter Entertainment directly competing with DraftKings Inc DKNG. Despite this development, analysts remain confident in DraftKings’ ability to resist competition, pointing to its robust stock performance and a potential Barstool Sports marketing deal.
Tesla Bounces Back after a Major Blow
Al Root discusses the recent performance of Tesla Inc TSLA stock. The company experienced a 12% drop followed by a tepid recovery. However, due to the “three-day rule,” portfolio managers are expected to remain tentative about intervening after the company’s recent underperformance.
Coinbase’s Upturn
Jack Denton covers the recent 2% rise in Coinbase Global Inc COIN stock. This upswing was fueled by Oppenheimer’s “Outperform” rating and a $160 target. The firm expressed confidence in Coinbase’s resilience amid SEC challenges and its positive market share and fundamentals.
Spirit Airlines Hit by Merger Woes
Palumbo highlights the recent trials of Spirit Airlines Inc SAVE stock. The stock faced a 16% decline as JetBlue Airways JBLU hinted at the potential termination of their merger agreement due to unmet closing conditions, following a recent federal judge’s block of the proposed acquisition.
Up Next: Cathie Wood’s Unwavering Trust in Tesla Post Q4 Double Miss, Ark’s Purchase of $66M Worth Of EV Maker’s Shares
This article contains contributions from AI tools and was reviewed and published by Benzinga editors.
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