Benzinga reviews this weekend’s top stories covered by Barron’s. Here are the articles investors need to read.
Intel Stock Struggles After Earnings
The disappointing guidance from Intel Corp (INTC) sent shares tumbling 12%, raising questions about its position in AI technology and leading to analyst downgrades.
Flutter Entertainment Debuting on NYSE
According to Barron’s, Flutter Entertainment is set to join the New York Stock Exchange, potentially impacting DraftKings Inc (DKNG). Despite this, industry analysts remain optimistic about DraftKings’ performance and its potential Barstool Sports marketing deal.
Tesla Stock and the “Rule of Three”
Tesla Inc’s (TSLA) recent underperformance led to a minimal rebound, but analysts anticipate weakness for several days due to the “three-day rule” as portfolio managers hesitate to act following the recent downturn.
Coinbase Gains on Upgrade
Coinbase Global Inc (COIN) saw a 2% rise in its stock price following an “Outperform” rating and $160 target from Oppenheimer. Confidence in the company’s resilience amid SEC challenges and promising market share and fundamentals drove this upgrade.
Spirit Airlines Merger Woes
The possible termination of the merger agreement between Spirit Airlines Inc (SAVE) and JetBlue Airways (JBLU) resulted in a 16% drop in Spirit Airlines stock. This came after a federal judge blocked the proposed acquisition, leading to uncertainty in the industry.
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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