2022-05-22 20:13:00 AVGO Broadcom
VMware
05/22/22 05/2220:13 05/22/2220:13 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Chipmaker Broadcom (AVGO) is in talks to acquire cloud service provider VMware (VMW), Reuters' Greg Roumeliotis reported, citing people familiar with the matter. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. Michael Dell is VMware's biggest investor with a 40% stake as a result of Dell Technologies (DELL)having spun out VMWare to its shareholders last year, according to Refinitiv data. 2. Amazon (AMZN), stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, Bloomberg's Spencer Soper reported, citing people familiar with the matter. The excess capacity includes warehouses in New York, New Jersey, Southern California and Atlanta, the people said. Amazon could try to negotiate lease terminations with existing landlords, including Prologis (PLD), an industrial real estate developer that counts the e-commerce giant as its biggest tenant, two of the people said. 3. After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks, Andrew Bary wrote in this week's edition of Barron's. The wreckage has yielded some bargains, particularly in companies with good growth prospects and solid balance sheets. Some stocks to consider from the 2021 crop of IPOs, the author said, are Allbirds (BIRD), Poshmark (POSH), Robinhood (HOOD), and Warby Parker (WRBY). He also finds Rivian Automotive (RIVN) intriguing because its stock, which topped out at $179 after its IPO in November, got as low as $19 earlier in May. That valued the company at slightly more than the $15 billion of net cash on its balance sheet on March 31, the publication added. 4. Marvel Studios and Disney's (DIS) "Doctor Strange in the Multiverse of Madness" stayed atop the chart in its third outing with another $31.6M from 4,534 theaters for a domestic total of $342.1M and $803.2M globally. The movie starring Benedict Cumberbatch is now the number 2 film of the pandemic era behind "Spider-Man: No Way Home." 5. Genco Shipping & Trading (GNK) and Lindt & Spruengli (LDSVF) saw positive mentions in this week's edition of Barron's. Broadcom
VMware
Dell Technologies
Amazon.com
Allbirds
Poshmark
Robinhood
Warby Parker
Rivian Automotive
Disney
Genco Shipping
Lindt & Sprungli
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ON Semiconductor call volume above normal and directionally bullish »
11:25 08/12/22 08/1211:25 08/12/2211:25
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Cellebrite downgraded to Neutral from Buy at BofA »
11:21 08/12/22 08/1211:21 08/12/2211:21
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Apexigen Inc trading resumes
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NASDAQ market internals summary »
11:17 08/12/22 08/1211:17 08/12/2211:17
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Korea Electric Power downgraded to Equal Weight at Morgan Stanley »
11:14 08/12/22 08/1211:14 08/12/2211:14
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Corphousing opens at $4.16, IPO priced at $4 per share »
11:13 08/12/22 08/1211:13 08/12/2211:13
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Apexigen Inc trading halted, volatility trading pause
11:12 08/12/22 08/1211:12 08/12/2211:12
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Apple aassemblers seen making 220M iPhones for 2022, Bloomberg says »
11:10 08/12/22 08/1211:10 08/12/2211:10
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Korea Electric Power downgraded to Equal Weight from Overweight at Morgan Stanley »
11:05 08/12/22 08/1211:05 08/12/2211:05
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FuelCell call volume above normal and directionally bullish »
11:05 08/12/22 08/1211:05 08/12/2211:05
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Forza X1 opens at $13.96, IPO priced at $5 per share »
11:02 08/12/22 08/1211:02 08/12/2211:02
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KE Holdings put volume heavy and directionally bearish »
10:55 08/12/22 08/1210:55 08/12/2210:55
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Reborn Coffee opens at $8.80, IPO priced at $5 per share »
10:46 08/12/22 08/1210:46 08/12/2210:46
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Blink Charging call volume above normal and directionally bullish »
10:45 08/12/22 08/1210:45 08/12/2210:45
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Treasury Action: short rates took a U-turn »
10:45 08/12/22 08/1210:45 08/12/2210:45
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Reborn Coffee indicated to open at $7.50, IPO priced at $5 per share »
10:44 08/12/22 08/1210:44 08/12/2210:44
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Forza X1 indicated to open at $15.50, IPO priced at $5 per share »
10:43 08/12/22 08/1210:43 08/12/2210:43
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Owens Corning management to meet with Truist »
10:41 08/12/22 08/1210:41 08/12/2210:41
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EQT Corporation management to meet with Truist »
10:35 08/12/22 08/1210:35 08/12/2210:35
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Fed's Barkin suggested the FOMC won't declare victory on inflation yet »
10:35 08/12/22 08/1210:35 08/12/2210:35
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Fisker call volume above normal and directionally bullish »
10:25 08/12/22 08/1210:25 08/12/2210:25
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JPMorgan Internet analyst to hold analyst/industry conference call »
10:25 08/12/22 08/1210:25 08/12/2210:25
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Live Oak Bancshares participates in a conference call with Truist »
10:25 08/12/22 08/1210:25 08/12/2210:25
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