Stockwinners Market Radar for August 13, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:00 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. Cleveland-Cliffs (CLF) publicly announced a previously private offer that it had presented to the Board of the United States Steel Corporation (X) on July 28, 2023. That offer, which was reiterated in writing to the U.S. Steel Board on August 11, 2023, proposed acquiring 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock. Notwithstanding the compelling economic terms of Cliffs' offer, it was rejected as being "unreasonable" by the Board of Directors of U.S. Steel via a letter Cliffs received today, August 13, 2023, the company said. 2. SoftBank (SFTBY) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1, a $100B investment fund it raised in 2017, potentially delivering a win for investors who have waited years for strong returns, Reuters' Echo Wang and Anirban Sen report, citing people familiar with the matter. The discussions come as SoftBank, which currently owns 75% of Arm, is preparing to list the chip designer on Nasdaq next month at a valuation of $60B to $70B. 3. There are lots of ways to play the future of generative AI, streaming sports, online gaming, the internet of things, and the metaverse. The stocks are pricey and often speculative. And then there's Comcast (CMCSA). As the country's largest provider of broadband, the company has literally laid the groundwork for each tech trend, Eric J. Savitz writes in this week's edition of Barron's. Comcast should be bought for its broadband business-and because Comcast is dramatically undervalued. Comcast shares hit a 52-week high this past week, but they're still some 25% below a 2021 peak, the author notes. Too many investors still think of Comcast as a cable TV provider, which is a dying business. For Comcast, though, there's good news in cable's demise-the cable TV business carries terrible economics, with razor thin margins, the publication adds. 4. Warner Bros. (WBD) "Barbie" stays atop the North American box office, grossing another $33.7M in the ninth-biggest fourth weekend of all time. The movie crossed the $500M mark domestically and $650M overseas for a global cume of $1.18B. "Barbie" now ranks as the number 2 Warner film of all time behind Harry Potter last installment. 5. NextEra Energy (NEE), H&R Block (HRB), AvalonBay (AVB), Equity Residential (EQR), KimcoRealty (KIM), Simon Property Group (SPG), BXP (BXP), and VICI Properties (VICI) saw positive mentions in this week's edition of Barron's.

16:16 EDT U. S. Steel announces strategic alternatives process - United States Steel Corporation, or U. S. Steel, announced that its Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the company. "U. S. Steel's Board and management team are committed to maximizing value for our stockholders, and to that end, we have commenced a comprehensive and thorough review of strategic alternatives," said David B. Burritt, U. S. Steel's President, Chief Executive Officer and member of the Board of Directors. "This decision follows the Company receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole Company. The Board is taking a measured approach to considering these proposals, including seeking more information in order to evaluate proposals that are preliminary and subject to ongoing due diligence and review." There is no deadline or definitive timetable set for completion of the strategic alternatives review process and there can be no assurance that this process will result in the company pursuing a transaction or any other strategic outcome. U. S. Steel does not intend to make any further public comment regarding the review of strategic alternatives until it has been completed or the company determines that a disclosure is required by law or otherwise deemed appropriate.