Hot Stocks
20:02 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Alaska Air (ALK), and Hawaiian Holdings (HA) announced that they have entered into a definitive agreement under which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9B, inclusive of $0.9B of Hawaiian Airlines net debt. 2. Walmart (WMT) said it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site, Reuters' Siddharth Cavale and Sheila Dang report. "We aren't advertising on X as we've found other platforms to better reach our customers," a Walmart spokesperson said. 3. While general-use consumer-oriented chatbots like OpenAi's ChatGPT have garnered much attention, the more significant opportunity may be in the enterprise, with Nvidia (NVDA) being the clear - and most obvious - beneficiary from the AI buildout, Tae Kim writes in this week's edition of Barron's. Its stock, despite a huge run this year, remains attractively priced based on the growth outlook from the company-and Wall Street analysts. But there are two other companies that are less well known to investors that should equally benefit in the year ahead, namely Super Micro Computer (SMCI) and Vertiv Holdings (VRT). They are set to ride Nvidia's coattails, the author says. 4. Beyonce's concert film won this weekend at the domestic box office with a $21M debut, making it the biggest opening at the early December box office in two decades. "Renaissance: A Film by Beyonce" earned an A+ CinemaScore from audiences and is the second title distributed by AMC (AMC). The mega-cinema circuit was also home to "Taylor Swift: The Eras Tour." Overseas, the concert movie struggled, opening to an estimated $6.4M from 94 markets, much worse than the expected $20M. 5. Microsoft (MSFT) and Pepsico (PEP) saw positive mentions in this week's edition of Barron's.
|
