Month: February 2024

Walmart Buys Vizio

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📺 📺 Walmart is looking to buy the TV company Vizio for $2 billion to boost its advertising business
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Web Comics Business Plans $4B IPO

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🇰🇷 🇰🇷 A South Korean web comics business plans to go public in the US this summer. It seeks a valuation of $4 billion
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Streaming Growth Is Slowing

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🌏 🌏 Streaming growth isn’t just slowing in the US; it is slowing pretty dramatically in Asia as well. Southeast Asia added just 1.3 million new paid streaming subscribers last year, down about 90% from the year before, per AMPD
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Nvidia Earnings On Wed

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🚨 🚨 Event Alert: Analysts expect another monster quarter for Nvidia when it reports 4Q earnings on Wed. LSEG estimates point to earnings per share and revenue growth of more than 400% and over 200%, respectively
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3 Value Stocks That Are Oversold

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🇺🇸 🇺🇸 Goldman Sachs has identified three “attractive” value stocks that could see significant share price appreciation over the next 12 months
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7-Eleven? Read This

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🚨 🚨 7-Eleven? Read This: The Wawa convenience store chain with 1,000 locations had estimated sales of $18.5 billion in 2023. The Wood family’s 53% stake gives them a net worth of $6 billion. Wawa is aiming to open as many as 280 new stores over the next decade
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Goldman Sees S&P At 5200

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🚨 🚨 Goldman has raised year-end S&P 500 index target to 5200 (from 5100), representing 4% upside from current level
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Mondelez: Russian Business Soars

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🍪 🍪 Between January and July of last year, Mondelez’s Russian business imported about 20 million kilograms (44 million pounds) of chocolate, biscuits and candies — a 2% increase from a year earlier, according to the most recent data from US-based trade data aggregator ImportGenius, which provides trade intelligence using data gathered from electronic bills of lading
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Fund Managers See European Equities As Undervalued

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🇪🇺 🇪🇺 Bank of America Corp.’s February survey showed that a majority of European fund managers regard the region’s equities as undervalued, a sharp turnaround from last month when most indicated they were too pricey
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