Stockwinners Market Radar for September 17, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:01 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. SoftBank (SFTBY) is on the hunt for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of U.K. chip designer Arm (ARM) bolstered Masayoshi Son's multibillion-dollar war chest, Financial Times' Madhumita Murgia, Kana Inagaki and Leo Lewis and Tabby Kinder report. Two people familiar with Son's thinking said that the Japanese conglomerate's founder and chief executive is looking to invest tens of billions in AI after completing Arm's initial public offering. Microsoft (MSFT)-backed OpenAI is one of several options SoftBank is considering for a handful of such deals, the authors note. SoftBank could also look to strike a broad strategic partnership with the ChatGPT maker, these people said. 2. The team atop Amazon.com (AMZN) has been pushing for years to find what they call a "fourth pillar," an internal shorthand for the company's next big hit, The Wall Street Journal's Sebastian Herrera and Nate Rattner report. It is proving an elusive goal. The tech giant has invested billions of dollars into an array of endeavors across several industries-and stoked Wall Street's interest along the way, the authors note. The first three pillars--each of them massive operations with tens of billions of dollars in annual revenue-are its online retail marketplace, its Amazon Prime membership program and its cloud-computing unit, Amazon Web Services. But nearly all its big bets in recent years-including forays into healthcare, in-person shopping, entertainment and hardware-so far haven't turned into thriving, profitable new businesses, the publication adds. 3. A strike is only the most immediate issue facing the two biggest U.S. auto makers. The existential threat posed by electric vehicles is the bigger problem, Al Root writes in this weekend's edition of Barron's. EVs are finally taking off in the U.S., but EV-related losses are growing for Ford Motor (F) and General Motors (GM). Now, the companies have some hard decisions to make about how they will spend billions of dollars, decisions sure to have serious consequences for their stocks, the author says. The problem is, most of the rewards are flowing to just one company, Tesla (TSLA). Despite big pushes by a raft of rivals, Elon Musk's pioneering company still accounts for nearly 60% of all EV sales in the U.S., down only slightly from two years ago. 4. Warner Bros.' (WBD) "The Nun II" and Disney's (DIS) "A Haunting in Venice" virtually tie as they led the North American box office, with $14.7M and $14.5M, respectively. The industry usually considers it a tie until the final numbers come in on Monday. The third installment in Kenneth Branagh's Agatha Christie-inspired movie series opened in line with expectations. Overseas, "A Haunting in Venice" opened to $22.7M for a global start of $37.2M. Meanwhile, "The Nun II" earned an estimated $30.M overseas for a global tally of $158.8M. 5. Mercury Systems (MRCY) saw a positive mention in this week's edition of Barron's.

19:50 EDT KKR to acquire 20% stake in Singtel's regional data center business - Singtel, Asia's leading communications technology group, and KKR have reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1B, or $800M, for a 20% stake in Singtel's regional data center business. This investment puts the enterprise value of Singtel's overall regional data center business at S$5.5B. KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation. The collaboration is a first between Singtel and KKR, and enables Singtel to tap on KKR's expertise investing in data centers and critical telecommunication infrastructure globally in addition to capital. The proceeds from this transaction will be used to accelerate the expansion of the regional data center business across ASEAN markets, including Singapore, Indonesia and Thailand, while exploring markets like Malaysia and others. This will widen the business' strategic choices, giving a variety of options to monetize in the future. The transaction is expected to be completed by the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions.