Activist investor Icahn launches proxy fight at Illumina

video FOX Business Flash top headlines for March 13 Check out what’s clicking on Activist investor Carl Icahn on Monday launched a proxy fight at Illumina Inc, saying the life sciences company's takeover of Grail Inc had cost shareholders about $50 billion since the closing of the deal. Shares of Illumina jumped more than […]

Opening Bell Analysts Research Calls for Monday, March 13

This report was sent to subscribers earlier today.  Research calls posted earlier this morning are available here. Upgrades: > Air Products (APD) upgraded to Buy from Hold at Vertical Research > Bunzl PLC (BZLFY) upgraded to Overweight from Neutral at JP Morgan > Charles Schwab (SCHW) upgraded to Buy from Neutral at Citigroup; tgt […]

SVB collapse shares 'bloodcurdling' similarity to Lehman collapse: Expert

video Every banking asset is ‘in trouble’ amid SVB collapse: Larry McDonald The Bear Traps Report founder Larry McDonald argues current market conditions ‘guarantee’ a recession. As federal banking regulators have moved to protect all Silicon Valley Bank depositors, one market guru and best-selling author is warning of similarities between this collapse and the Lehman […]

KKR Fresh Aggregator Now Owns 6.9% of US Foods

Fintel reports that KKR Fresh Aggregator has filed a 13D/A form with the SEC disclosing ownership of 17.26MM shares of US Foods Holding Corp (USFD). This represents 6.9% of the company. In their previous filing dated February 26, 2021 they reported 24.60MM shares and 10.00% of the company, a decrease in shares of 29.85% and […]

Tether Slams WSJ for Biased Coverage and Not Going After the ‘Right Targets’

USDT issuer Tether condemned the Wall Street Journal (WSJ) and other legacy media for publishing negative reports about the company while lauding other crypto firms that proved to be some of the biggest financial failures in history. Tether’s allegations against the WSJ come two days after another high-profile crypto-related company, Silvergate Bank, fell prey to […]

First Look Analysts Research Calls for Friday, March 10

This report was sent to subscribers earlier today.  Upgrades: > Alaska Air (ALK) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $62 > PLAYSTUDIOS (MYPS) upgraded to Buy from Hold at Craig Hallum; tgt raised to $5 > Roblox (RBLX) upgraded to Buy from Hold at Jefferies; tgt raised to $48 […]

10 Biggest Companies Reporting Earnings in the Third Week of March 2023

The fourth quarter 2022 earnings season is almost over, with 99% of S&P 500 companies reporting actual results (as of last week). Of these, 69% of the companies have posted a positive EPS surprise, while about 65% have reported a positive revenue surprise. The blended earnings decline for the S&P 500 is -4.6%, the first […]

VGX Jumps 30% as Court Approves Binance.US’ Bid to Acquire Voyager

After several months of uncertainty, a US court approved the $1 billion acquisition agreement between Binance.US and Voyager Digital. The agreement was hotly contested by multiple regulators, with the SEC leading the charge with a series of objections filed since January. Binance.US Gets the Nod to Acquire Voyager Digital On Tuesday, March 7th, Binance.US received […]