Stockwinners Market Radar for October 06, 2024 - 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. Google's (GOOGL) grip on the nearly $300B search advertising business is loosening, The Wall Street Journal's Suzanne Vranica and Miles Kruppa report. For years, the tech giant has seemed invincible in this corner of the ad market, which is the foundation of its business. Now, rivals are beginning to eat into its lead, and new offerings threaten to reshape the landscape. TikTok has recently started allowing brands to target ads based on users' search queries-a direct challenge to Google's core business, the authors note. Perplexity, an AI search startup backed by Jeff Bezos, plans to introduce ads later this month under its AI-generated answers. Until now, it has made revenue mostly from a $20-a-month subscription offering that grants access to more-powerful AI technology. The new initiatives add to the pressure on Google from the rise of Amazon (AMZN), which has taken a chunk of search ad spending, the publication adds. 2. Rio Tinto (RIO) confirmed that it has made an approach to Arcadium Lithium (ALTM) regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. 3. Tesla (TSLA) was once the red-hot center of car innovation, but now it feels at risk of sinking into irrelevance as just another auto maker. Its coming Robotaxi Day may be Elon Musk's last chance to convince investors that Tesla still has it, Al Root writes in this week's edition of Barron's. Ostensibly an event to highlight the self-driving technology that would allow the company to compete with the likes of Waymo and GM's (GM) Cruise, Musk needs to convince investors that Tesla remains a hotbed of innovation and still deserves to be thought of as a tech company like Apple (AAPL), Amazon, or Alphabet. The outcome could determine whether Tesla regains its place among the Magnificent Seven or is relegated to fighting it out with dozens of auto makers for EV market share, the author adds. 4. Todd Phillips sequel "Joker: Folie a Deux" disappoints at the box office with a $40M debut, well behind expectations. The Joaquin Phoenix and Lady Gaga movie earned a D CinemaScore from audiences and sports a 33% Rotten Tomatoes score, with exit polls also showing the viewers' unhappiness. Overseas, "Joker 2" earned an estimated $81.1M for a global cume of $121.1M. "Joker: Folie a Deux" is part of the DC Elseworlds brand -- for stories set outside of the shared DC Universe created by DC Studios chiefs James Gunn and Peter Safran, with Warner Bros. (WBD) Motion Picture's Michael De Luca and Pam Abdy in charge of the film. 5. ResMed (RMD) and Wells Fargo (WFC) saw positive mentions in this week's edition of Barron's.

17:48 EDT Arcadium Lithium confirms approach by Rio Tinto - Arcadium Lithium (ALTM) confirmed that it has been approached by Rio Tinto (RIO) regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. Arcadium Lithium said it will not comment further unless and until there is news to share.