Grocery giant Kroger said it was acquiring rival Albertsons in a roughly $24.6 billion tie-up that will help drive profitability and establish a larger footprint of nearly 5,000 stores. Kroger (ticker...
Tag: Acquisitions/Mergers/Shareholdings
Rivian’s big recall is a ‘black eye’ for bulls, but the stock is still a buy, analyst says
Shares of Rivian Automotive Inc. took a dive Monday, in the wake of the electric-vehicle maker’s recall of nearly all of its vehicles, but Wedbush analyst Dan Ives said the news is just a “speed bump”...
Opinion: Disney’s ESPN is aiming for a potential pact with DraftKings. The better bet for investors is FanDuel, which has a few aces in the hole
It can be maddening when other people don’t see the world the way we do. In the stock market, this kind of misalignment can be a source of great wealth. I was thinking about that kind of contrarian ap...
One of the world’s biggest container shipping companies is ‘too compelling to ignore,’ says analyst
With valuation at a trough and a dividend lined up for 2022, A.P. Moeller-Maersk is “too compelling to ignore” and investors should buy the shares. That’s according to analysts at Berenberg, who upgra...
AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years
Listen to article (1 minute) Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip make...
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berk...
Adobe Stock Crumbled. Chief Financial Officer Dan Durn Bought the Dip.
Adobe stock tumbled after the software giant announced an acquisition. Soon thereafter, Chief Financial Officer Dan Durn bought nearly $1 million of shares. Adobe (ticker: ADBE) announced on Sept. 15 ...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a reg...
Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip
A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 m...
September Was Bad for Investors. October Could Be Worse.
Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market o...
Ford Stock Is Still a Buy, Despite Supply Issues. Here’s Why.
Ford’s truck business is one heck of a business. Courtesy Ford Text size Ford Motor stock tumbled this past week after the company warned of continued parts shortages, but Wall Street doesn’t seem wor...
Humana, CVS Circle Cano Health as Potential Buyers
Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal ...
Freyr Battery Gains as Analyst Calls It a Top Pick. The Stock Could Quadruple.
Text size Freyr can be a serious battery player in years to come, says Morgan Stanley’s Adam Jonas. FREYR Stock in Norwegian battery start-up Freyr Battery is getting a boost from a new bullish ...
Tellurian Stock Sinks on Withdrawal of Bond Sale for LNG Project
Text size Tellurian said it withdrew the bond deal “due to uncertain conditions in the high-yield market.” Spencer Platt/Getty Images Tellurian shares were tumbling Tuesday after the natur...
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...