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Stockwinners Market Radar for August 16, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| TWTR... | Hot Stocks20:09 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President Donald Trump ordered the Chinese owner of TikTok to sell its U.S. assets, citing national security grounds and delivering the latest salvo in his standoff with Beijing, Bloomberg's Sara Forden, Ben Brody, Shelly Banjo, and Jenny Leonard reported. Trump's decision came after an investigation by the Committee on Foreign Investment in the U.S., or CFIUS, which reviews proposed acquisitions of American businesses by overseas investors for national security concerns, the authors noted. The unexpected order was tied to the CFIUS' timeline, according to people familiar with the decision. Meanwhile, Fox Business Network reported that Microsoft (MSFT) is also interested in acquiring TikTok's U.K. operations, expanding beyond the U.S., Canada, Australia and New Zealand units that are already under discussion. Twitter (TWTR) is another company reportedly interested in acquiring TikTok's U.S. operations. 2. Facebook (FB) joined a growing list of developers to publicly criticize Apple (AAPL) over its revenue-sharing policy for in-app purchases, suggesting the iPhone maker's fee structure is hurting small businesses during a global pandemic, Bloomberg's Kurt Wagner reported. The social network rolled out a paid events feature in 20 countries, offering businesses the ability to charge users for access to live video streams, like a yoga class or seminar. Facebook said that Apple didn't agree to waive its usual 30% fee for all transactions that take place within apps on its devices, and won't let Facebook process the payments using its own technology for iOS users, the author noted. Alphabet's (GOOG) Google didn't waive its 30% fee on its Android mobile operating system, either, though the internet search giant will let Facebook process payments through its own product to avoid those costs, said Fidji Simo, the executive running Facebook's main app. 3. Both Target (TGT) and Walmart (WMT), two early beneficiaries of the pandemic, report earnings this coming week, Ben Levisohn writes in this week's edition of Barron's. The past three months have been mediocre but now Walmart and Target get to show that they have benefited from consumption strength, and the author is betting Target does a better job of it. Walmart is not cheap, the report contends, with the stock looking expensive at 25.1-times 12-month earnings forecasts. And while there's no denying that e-commerce is growing rapidly, reports suggest that Walmart+, the retailer's answer to Amazon Prime (AMZN), has been delayed, leaving investors concerned about when they can count on revenue from the subscription service to start rolling in, the author adds. 4. UPS (UPS) and FedEx (FDX), shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning of potentially "significant" delays, Reuters' Lisa Baertlein reported. "State ballots must be postmarked to be considered valid and only the USPS has lawful postmarking status. Therefore UPS, FedEx and other private parties cannot technically be involved in shipping ballots," UPS told Reuters in a statement. "FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state's guidelines on absentee voting and deadlines for ballots or related election documents," FedEx said. 5. Merck (MRK) and Disney (DIS) saw positive mentions in this week's edition of Barron's.
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| FPAC | Hot Stocks16:14 EDT Global Blue, Far Point announce agreements to facilitate business combination - Global Blue and Far Point Acquisition, a special purpose acquisition company co-sponsored by the institutional asset manager Third Point and former NYSE President Thomas Farley, jointly announced the entry into supplemental letter agreements by FPAC, SL Globetrotter, Global Blue's controlling stockholder and representative of all Global Blue seller parties, and affiliates of Third Point. The Agreements, among other things, will facilitate the closing of the pending business combination between Global Blue and FPAC, subject to FPAC stockholders approving the merger at the FPAC special stockholders' meeting scheduled for August 24, 2020. However, the Agreements do not amend the merger agreement and will not impact the equity ownership percentages in the surviving public entity of the transaction to be received by FPAC stockholders or PIPE investors who are not parties to the Agreements. While these Agreements will result in less cash consideration at closing for Global Blue's existing shareholders, under the terms of the merger agreement, such shareholders will instead receive additional ordinary shares of New Global Blue at $10.00 per share. This partial shift in consideration from cash to stock will have no financial impact on New Global Blue. In addition, there is no change expected to the New Global Blue board composition after the closing.
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| PDD... | Hot Stocks15:38 EDT Pinduoduo to join NASDAQ-100 Index beginning August 24, 2020 - Nasdaq (NDAQ) announced that Pinduoduo (PDD), will become a component of the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index prior to market open on Monday, August 24, 2020. Pinduoduo will replace NetApp (NTAP) in the NASDAQ-100 Index and the NASDAQ-100 Equal Weighted Index. NetApp will be also be removed from the NASDAQ-100 Technology Sector Index prior to market open on Monday, August 24, 2020. Pinduoduo will be added to the NASDAQ-100 Ex-Technology Index at the next quarterly rebalancing.
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