Stockwinners Market Radar for July 23, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:13 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. Alibaba (BABA) said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company, according to Reuters. Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month, a day after it was fined $984M by Beijing for violating laws and regulations. 2. An X is going to replace Twitter's blue bird. Elon Musk said in a tweet that, "X.com now points to URL Interim X logo goes live later today." Musk's X Corp owns Twitter. 3. Corporations are shifting budget priorities to experimental artificial-intelligence projects, Tae Kim writes in this week's edition of Barron's. That may be good news for Microsoft (MSFT), but it could just as well turn out to be bad news for tech hardware vendors, the author adds. Companies are prioritizing new AI applications above everything else, and Microsoft may be the big winner from the shift to AI in underlying enterprise spending. But while Microsoft basks in the excitement over AI, other vendors are facing more challenges. TSMC (TSM) reported an overall softening of semiconductor demand, adding that the macroeconomic environment, expectations for China's recovery and end-market demand both looked weaker than they had expected only three months ago, the author notes. 4. Warner Bros.' (WBD) "Barbie" won this weekend at the North American box office with a historic $155M debut. Overseas, the movie opened to $182M from 70 markets for a global cume of $337M. "Barbie" also broke the record in North America for a debut of a film directed by a woman, as Greta Gerwig's pic about the world's famous fashion doll dethroned Patty Jenkins' "Wonder Woman" and Anna Boden & Ryan Fleck's "Captain Marvel." 5. Arthur J. Gallagher (AJG), Rockwell Automation (ROK), Emerson Electric (EMR), Eaton (ETN), Trane Technologies (TT), Amphenol (APH), Keysight Technologies (KEYS), Constellation Brands (STZ), and W.W. Grainger (GWW). saw positive mentions in this week's edition of Barron's.

16:41 EDT INNOVATE Corp. announces passing of CEO Wayne Barr - INNOVATE Corp. announced that Wayne Barr, President, Chief Executive Officer and Director, passed away unexpectedly on July 22, 2023. The Board has appointed Chief Operating Officer Suzi Herbst as Interim Chief Executive Officer.

16:28 EDT Exelixis announces settlement of CABOMETYX patent litigation with Teva - Exelixis (EXEL) announced that it has entered into a Settlement and License Agreement with Teva Pharmaceuticals Development and Teva Pharmaceuticals, collectively Teva (TEVA). This settlement resolves patent litigation brought by Exelixis in response to Teva's Abbreviated New Drug Application seeking approval to market a generic version of CABOMETYX tablets prior to the expiration of the applicable patents. Pursuant to the terms of the Agreement, Exelixis will grant Teva a license to market its generic version of CABOMETYX in the United States beginning on January 1, 2031, if approved by the U.S. Food and Drug Administration and subject to conditions and exceptions common to agreements of this type. Additionally, in accordance with the Agreement, the parties will terminate all ongoing Hatch-Waxman litigation between Exelixis and Teva regarding CABOMETYX patents pending in the U.S. District Court for the District of Delaware. The Agreement is confidential and subject to review by the U.S. Federal Trade Commission and the U.S. Department of Justice.