Benzinga evaluates this weekend’s top stories covered by Barron’s. Check out the articles investors should read to stay informed.
In the article titled “Intel Stock Had Its Worst Day in Years After Earnings. What Wall Street Is Saying,” Tae Kim and Brian Swint emphasize that Intel Corp INTC witnessed a staggering 12% drop in shares due to weak guidance, fueling concerns about its competitive edge in AI and leading to downgrades from analysts.
Angela Palumbo, in “Flutter Entertainment Stock Joins the NYSE Next Week. What It Means for DraftKings,” asserts that Flutter Entertainment is set to debut on the New York Stock Exchange, posing a potential challenge to DraftKings Inc DKNG. However, analysts remain confident in DraftKings’ ability to withstand the competition, given its robust stock performance and the prospective Barstool Sports marketing deal.
Al Root, in “Tesla Stock Will Have to Wait for a Rebound. Blame the Rule of Three,” underscores that Tesla Inc TSLA stock, following a 12% decline, is anticipated to remain feeble for several days due to the “three-day rule.” The rule compels portfolio managers to refrain from immediate action after a company’s underperformance, thus limiting the stock’s bounce-back.
In “Coinbase Stock Gains on Upgrade. Don’t Underestimate the Broker’s Strength,” Jack Denton highlights the 2% surge in Coinbase Global Inc COIN stock, propelled by Oppenheimer’s “Outperform” rating and a $160 target. The firm expressed unwavering faith in Coinbase’s resilience amidst SEC challenges and its optimistic outlook regarding market share and underlying fundamentals.
Angela Palumbo’s article, “Spirit Airlines Stock Tumbles as JetBlue Warns It Could Walk Away From Merger,” draws attention to the 16% plunge in Spirit Airlines Inc SAVE stock. This decline was instigated by JetBlue Airways’ hint at potentially scrapping their merger agreement due to unmet closing conditions after a federal judge’s recent blockage of the proposed acquisition.
Read Next: Cathie Wood Reinforces Faith In Tesla Despite Stock’s Slump Following Q4 Double Miss, Ark Buys Whopping $66M Worth Of EV Maker’s Shares
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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