Starz could turn into ‘acquisition machine’ after spinoff from Lionsgate

Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. … Read more

Moderna, Robinhood, Snowflake and more

Here are the company’s making headlines in midday trading: Moderna – The biotech stock jumped 7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to children ages six through 17. The FDA is expected to authorize vaccines for children later this week. Robinhood – Shares of the retail brokerage fell … Read more

Snowflake, Apple, Amazon, Nike, Robinhood

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more

Buy shares of Liberty Media Formula One as the sport’s popularity grows, Morgan Stanley says

Shares of Liberty Media Formula One could outperform going forward as the sport’s popularity in the US grows, according to Morgan Stanley. Analyst Benjamin Swinburne upgraded shares to overweight from equal-weight, saying in a Wednesday note that the stock can rally from here thanks to growing interest in Formula One racing events. “F1’s rising popularity … Read more

These stocks are expected to generate loads of cash, Barclays says

As investors search for quality stocks after a choppy month for equities, Barclays has some buy-rated picks that are cheap and expected to generate lots of cash. On Tuesday, stocks struggled to find a direction in the final day of trading in May. All month, stocks have logged some wild moves, with the S&P 500 … Read more

Where to find the best value plays in the beaten-up technology sector

Technology stocks have plummeted toward multiyear lows in recent months as investors search for stable, reliable earnings. The tech-heavy Nasdaq Composite sits 25.2% off its highs, and the index has suffered its worst start to a year on record. As tech stocks have tumbled,┬áinvestors believe there are some values to be had in select areas … Read more

F1 CEO sees TV rights opportunity with ESPN deal due to expire

Formula 1 is riding a wave of popularity in the US, and its CEO is shopping around its success with potential media partners for a more lucrative US media deal. The racing league’s current deal with ESPN expires at the end of 2022. It was extended in 2019 to the tune of $ 5 million … Read more

Twitter, AMD, Deere, Verizon and more

The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Twitter – Shares of the social media company rose 4% on news that it may want to finalize a takeover deal with Tesla founder Elon Musk ahead … Read more

Twitter, Coca-Cola, Warner Bros. Discovery and more

Check out the companies making headlines in premarket trading. Coca-Cola – Shares of Coca-Cola rose about 1% after the company beat analysts’ expectations on the top and bottom lines in the recent quarter. The beverage giant reported adjusted earnings of 64 cents per share on revenues of $ 10.5 billion, while analysts expected 58 cents … Read more

NFL overtime rule change has momentum, executive says

Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri. William Purnell | Icon Sportswire | Getty Images NFL owners are prepping for another round of debates about the league’s overtime rules, which … Read more