For Immediate Release
Chicago, IL—March 17, 2017—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Will NVIDIA Stock Benefit from Intel’s Acquisition of Mobileye?
When semiconductor chip maker Intel Corp. INTC announced its acquisition of Israeli self-driving car firm Mobileye NV MBLY it sent shock waves through the tech, automaker, and driverless car industries. The deal will combine Intel’s processors with Mobileye’s renowned computer vision, making it the biggest purchase of a company that’s solely focused on the self-driving market.
With this type of partnership in mind, Intel and Mobileye’s biggest competitor going forward will be NVIDIA Corp. NVDA. What will this mean for the graphics chip maker’s stock?
Winter Storm Stella Blasts Airline Industry, Sending Stocks Tumbling
Winter Storm Stella, better yet known as that blizzard you can’t believe is hitting in mid-March, crashed into the East Coast on Tuesday, giving much of the region all of the snow it had missed in the prior months. With weather conditions like this, it’s no surprise that over 8,000 flights have been canceled since Sunday.
As a result, the airline industry took a huge hit, and stocks like United Continental UAL, American Airlines AAL, Delta Airlines DAL, Southwest LUV, JetBlue JBLU, and Spirit SAVE were all down. Even the U.S. Global Jets ETF JETS, which tracks the performance of airline companies around the globe, slid on Tuesday.
Your Guide to the Stock Winners & Losers of Trump’s Obamacare Replacement Bill
Whether you think it’s “Obamacare Lite,” “Obamacare 2.0,” “dead on arrival” like Rand Paul, or you actually like the bill, the American Healthcare Act (AHCA) has certainly made an impact on the entire healthcare industry since its announcement. While some businesses believe the replacement bill will help them relieve some costs, healthcare businesses think it may relieve them of customers. Healthcare is a booming sector, and one of the biggest in the U.S., thanks, in large part, to Obamacare.
According to the Centers for Medicare and Medicaid Services, healthcare spending was at $3.2 trillion back in 2015. Who are the stock winners and losers so far? And who will be affected if the AHCA is passed?
After IPO, Canada Goose (GOOS) Stock Continues to Gain
On Friday, shares of luxury parka maker Canada Goose Holdings Inc. GOOS gained, and were up around 5.5% in midday trading the day after its successful IPO. The stock opened yesterday at $18 per share on the New York Stock Exchange, and is also trading on the Toronto Stock Exchange.
Canada Goose initially priced its IPO of 20 million shares at CA$17, or roughly US$12.78 per share, above the expected range of between CA$14 and CA$16 per share. GOOS stock closed the day up more than 25%, slightly higher than US$16, raising about $255 million and marking the second biggest IPO of 2017, behind Snap Inc. SNAP.
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Southwest Airlines Company (LUV): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
American Airlines Group, Inc. (AAL): Free Stock Analysis Report
Mobileye N.V. (MBLY): Free Stock Analysis Report
US GLOBAL JETS (JETS): ETF Research Reports
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