merger
DRAFTKINGS INC., $52.10 is a Power Buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (www.draftkings.com; Shares o/s: 789.3 million; Market cap: $40.7 billion; No divd.) is acquiring Golden Nugget Online Gaming (symbol GNOG on Nasdaq) for $1.56 billion in stock.
The deal gives the company a combined database of more than five million customers....
The deal gives the company a combined database of more than five million customers....
CENOVUS ENERGY INC. $10 is a buy. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $20.0 billion; Price-to-sales ratio: 0.8; Dividend yield 0.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy Inc....
Nutrien has risen just 16% since the merger of Agrium and Potash Corp. at the start of 2018. That’s modest compared to the 26% rise for the S&P/TSX Composite Index. Still, we feel that slower rise speaks to Nutrien’s unrecognized value. In fact, we believe the company is in a strong position to accelerate its growth over the next few years.
The fertilizer giant has now mostly integrated the operations of its two predecessors....
The fertilizer giant has now mostly integrated the operations of its two predecessors....
INTRODUCTION: EXERCISE CAUTION WITH IPOS
There have been a lot of high-profile initial public offerings, or IPOs, over the last couple of years. Prominent names include Airbnb, DoorDash, Snowflake, Lightspeed POS and Zoom Video, as well as Uber and Lyft....
GREAT-WEST LIFECO, $38.00, is still a hold. The insurer (Toronto symbol GWO; shares outstanding: 928.4 million; Market cap: $35.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www.greatwestlifeco.com), through its Empower Retirement division, is buying the full-service retirement business of U.S.-based Prudential Financial Inc....
RAYTHEON TECHNOLOGIES CORP. $87 is a buy. The company (New York symbol RTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $130.5 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.rtx.com) took its current form on April 3, 2020, with the merger of United Technologies Corp....
Spinoff activity continues to pick up as stock markets recover from last year’s COVID-19 downturn. Of these three recent spinoffs, we see two as buys.
SOLARWINDS CORP. $11 is a hold. The company (New York symbol SWI; Manufacturing & Industry sector; Shares outstanding: 316.2 million; Market cap: $3.5 billion; No dividends paid; Takeover Target Rating: Medium; www.solarwinds.com) makes software that helps businesses monitor their computer networks (including cloud-based systems) for potential problems.
On July 19, 2021, the company completed the spinoff of its Managed Service Provider (MSP) software business as a separate company called N-able Inc....
SOLARWINDS CORP. $11 is a hold. The company (New York symbol SWI; Manufacturing & Industry sector; Shares outstanding: 316.2 million; Market cap: $3.5 billion; No dividends paid; Takeover Target Rating: Medium; www.solarwinds.com) makes software that helps businesses monitor their computer networks (including cloud-based systems) for potential problems.
On July 19, 2021, the company completed the spinoff of its Managed Service Provider (MSP) software business as a separate company called N-able Inc....
Canada’s banks continue to rebound strongly from last year’s COVID-19 lows; rising vaccination rates are letting more businesses re-open, which further fuels stock gains. Consumers also continue to repay their loans on time.
We like all of the Big Five banks, but TD stands out thanks to its strong retail banking operations in Canada and the U.S....
We like all of the Big Five banks, but TD stands out thanks to its strong retail banking operations in Canada and the U.S....
Learn how to evaluate a stock before buying so you make picks that you can feel confident in as part of a sound long-term portfolio. Here’s what you need to know
INTEL CORP. $56 remains a buy. The computer chip maker (Nasdaq symbol INTC; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.0 billion; Market cap: $224.0 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.intel.com) last raised your quarterly dividend by 5.3% with the March 2021 payment....