Streetbeat News

Acquisitions Mergers

FDX

UPS

UPS is set to report its Q3 earnings, aiming to end a streak of revenue misses. Analysts expect revenue of $22.14 billion and EPS of $1.63. The company has faced challenges with labor negotiations and softer shipping volumes. UPS stock is in a two-year downtrend, with key resistance at the 200-day moving average. Recent analyst ratings show mixed sentiments, with price targets ranging from $120 to $162.

Portfolio Pulse from Chris Katje

October 23, 2024 | 6:57 pm

RACE

SHEL

Shell has renewed its partnership with Ferrari, effective January 2026, and is acquiring a power plant in Rhode Island. The acquisition will enhance Shell's position in the ISO New England power market. Shell's shares are slightly down, but the company has raised its Q3 production outlook.

Portfolio Pulse from Lekha Gupta

October 23, 2024 | 5:32 pm

AMZN

GOOG

MSFT

TSM

The article discusses various financial topics, including central banks' monetary policies, investments in nuclear energy by tech giants, and Taiwan Semiconductor's strong earnings. It highlights the irony in central banks' actions, the growing demand for AI and nuclear energy, and Bitcoin's value as a hedge against inflation.

Portfolio Pulse from Gary Brode

October 23, 2024 | 5:08 pm

JBLU

SAVE

ULCC

Spirit Airlines shares surged as merger talks with Frontier Group Holdings resumed amidst Spirit's potential bankruptcy discussions. The merger could coincide with Spirit's debt restructuring, though talks are in early stages. Spirit is also exploring non-bankruptcy options, having reached a credit-card processor agreement. A merger would reduce budget travel options, potentially increasing pricing power for airlines.

Portfolio Pulse from Dylan Berman

October 23, 2024 | 5:02 pm

AMZN

CEG

GOOGL

MSFT

NLR

OKLO

The European Nuclear Alliance urges the EU to reconsider nuclear energy policies, highlighting its role in decarbonization. US tech giants like Amazon and Google are investing in nuclear power, while Constellation Energy plans to reopen a nuclear plant with Microsoft. The Biden administration supports nuclear energy, boosting related stocks and ETFs.

Portfolio Pulse from European Capital Insights

October 23, 2024 | 4:29 pm

PIXY

ShiftPixy Inc (NASDAQ:PIXY) shares rose by 11.7% after announcing a letter of intent to acquire TurboScale for $150 million. The acquisition aims to enhance ShiftPixy's platform with AI technology, though it is subject to several conditions. The deal could improve staffing efficiency and labor forecasting.

Portfolio Pulse from Henry Khederian

October 23, 2024 | 3:28 pm

CMG

MCD

McDonald's once owned a 90% stake in Chipotle, which it sold by 2006. This decision cost McDonald's a potential $73.8 billion, as Chipotle's market cap has since soared to $82 billion. The sale was driven by strategic focus on McDonald's core brand.

Portfolio Pulse from Chris Katje

October 23, 2024 | 3:11 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) is facing a legal dispute over its $30 million acquisition of Rockview Digital Solutions (Abaca), which could impact its financial standing and reputation. The conflict involves a payment dispute and changes in payment oversight, potentially affecting future deals in the cannabis banking sector.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2024 | 3:06 pm

ROP

Roper Technologies Inc (NASDAQ:ROP) reported strong Q3 2024 results with a 13% revenue growth, beating estimates. The company raised its full-year guidance and completed a significant acquisition. Despite positive results, the stock is slightly down premarket.

Portfolio Pulse from Anusuya Lahiri

October 23, 2024 | 2:44 pm

APH

Amphenol Corporation reported a 26% increase in Q3 2024 sales, surpassing analyst expectations. The growth was driven by IT, mobile networks, and acquisitions. The company also reported strong profitability with an adjusted operating margin of 21.9%. Amphenol's outlook for Q4 and fiscal 2024 also exceeds analyst expectations.

Portfolio Pulse from Anusuya Lahiri

October 23, 2024 | 2:31 pm