Barron's Weekend Stock Picks: Oneok Shares Fall, Tyson Dips And Disney Sees Rating Lowered
Portfolio Pulse from Justin Chan
Barron's weekend stock picks include Oneok's stock falling due to its planned merger with Magellan Midstream Partners, Tyson Foods' stock dipping after a disappointing fiscal Q2, and Disney's rating being lowered due to its pivot to streaming and slow growth in its parks business. Additionally, Anheuser-Busch InBev is trading at a high discount, and regional banks like Western Alliance Bancorp, KeyCorp, and Zions Bancorp are experiencing volatility amid Treasury Secretary Janet Yellen's announcement of potential bank mergers.
May 20, 2023 | 6:30 pm
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POSITIVE IMPACT
Anheuser-Busch InBev is trading at an unusually high discount despite an improved balance sheet and strong positions across the globe, presenting a potential bargain stock opportunity.
Anheuser-Busch InBev is trading at an unusually high discount despite an improved balance sheet and strong positions across the globe. This presents a potential bargain stock opportunity, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Shares of KeyCorp are experiencing volatility amid Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon.
Shares of KeyCorp are experiencing volatility due to Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon. The uncertainty surrounding potential mergers could cause fluctuations in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Tyson Foods' stock has dropped due to a disappointing fiscal Q2 and cut guidance, but insiders, including the CEO, have bought a large number of beaten-down shares, signaling a bullish outlook.
While Tyson Foods' stock has dropped due to a disappointing fiscal Q2 and cut guidance, the fact that insiders, including the CEO, have bought a large number of beaten-down shares signals a bullish outlook. This could balance out the negative impact of the poor Q2 results in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Shares of Western Alliance Bancorp are experiencing volatility amid Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon.
Shares of Western Alliance Bancorp are experiencing volatility due to Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon. The uncertainty surrounding potential mergers could cause fluctuations in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Shares of Zions Bancorp are experiencing volatility amid Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon.
Shares of Zions Bancorp are experiencing volatility due to Treasury Secretary Janet Yellen's announcement that more bank mergers could be on the horizon. The uncertainty surrounding potential mergers could cause fluctuations in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Disney's stock rating has been lowered due to its pivot to streaming, slow growth in its parks business, and an ongoing dispute with Florida Governor Ron DeSantis, impacting its earnings.
Disney's stock rating has been lowered due to its pivot to streaming, slow growth in its parks business, and an ongoing dispute with Florida Governor Ron DeSantis, all of which are impacting its earnings. This negative outlook could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Oneok's stock has fallen due to its planned merger with Magellan Midstream Partners, with investors showing displeasure at the $18.8 billion transaction.
Oneok's stock price has fallen since the announcement of its planned merger with Magellan Midstream Partners, indicating that investors are not pleased with the deal. This negative sentiment could continue to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100