Benzinga breaks down this weekend’s top stories covered by Barron’s. Here are the articles investors need to read.
In “Intel Stock Had Its Worst Post-Earnings Day in Years. What Wall Street Says,” Tae Kim and Brian Swint write
Intel Corp INTC shares fell 12% on weak forecasts, raising concerns about its competitiveness in the artificial intelligence sector and pushing down ratings from analysts.
In “Flutter Entertainment Stock Joins NYSE Next Week. What It Means for DraftKings,” Says Angela Palumbo Fluttering entertainment will debut on the New York Stock Exchange against DraftKings Inc DKNGbut analysts expect DraftKings to hold off the competition given its strong stock performance and potential Barstool Sports marketing deal.
In “Tesla shares will have to wait for a rebound. It’s all the fault of the rule of three”, notes Al Root Tesla Inc TSLA the stock has rebounded slightly after a 12% decline, but is expected to remain weak for a few days due to the “three-day rule” as portfolio managers are hesitant to act following the company’s recent underperformance.
In “Coinbase Stock Make Money with Upgrade. Don’t Underestimate the Power of the Broker,” writes Jack Denton Coinbase Global Inc CURRENCY shares rose 2% based on Oppenheimer’s “Outperform” rating and $160 target, as the firm cited confidence in the company’s resiliency amid SEC challenges and positive market share outlook market and fundamentals.
In “Spirit Airlines Shares Slump as JetBlue Warns It May Walk Away From Merger,” Palumbo points this out Spirit Airlines Inc SAVE shares have fallen 16% since JetBlue Airways BLUE have hinted at the potential termination of their merger agreement due to unmet closing conditions, following a federal judge’s recent blocking of the takeover proposal.
Read next: Cathie Wood boosts confidence in Tesla despite stock plummet after double Q4 failure, Ark buys whopping $66 million worth of EV maker’s stock
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