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Fox to buy streaming pioneer Roku in a $22 billion deal
Associated Press67d agobullish
Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

Fox to buy Roku in $22 billion deal to accelerate shift to digital
Reuters67d agobullish
Fox to buy Roku in $22 billion deal to accelerate shift to digital

Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing ‌its sports and news programming with a top TV streaming ‌platform will strengthen its position as audiences shift online. The deal, announced on Monday, gives the ​cable TV-reliant Fox direct access to Roku's large installed base of more than 100 million streaming households, helping it better sell targeted ads and reduce reliance on traditional distribution. Fox will acquire Roku for $160 per share, representing a ‌premium of 11.4% to Roku's ⁠last close.

Investing.com67d agobullish
These 2 space stocks were upgraded at KeyBanc today

Investing.com -- KeyBanc Capital Markets upgraded two space stocks to Overweight from Sector Weight in a note on Monday, arguing that recent sector-wide volatility tied to SpaceX's record-setting IPO has created compelling entry points across commercial space names.

Mining Tycoon Buys $1 Billion SpaceX Stake
The Wall Street Journal67d agobullish
Mining Tycoon Buys $1 Billion SpaceX Stake

Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX, betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades.

Ferrari Shares Rally After Morgan Stanley Upgrade on Valuation Opportunity
InvestorsHub67d agobullish
Ferrari Shares Rally After Morgan Stanley Upgrade on Valuation Opportunity

Morgan Stanley upgraded Ferrari (NYSE:RACE) to Overweight from Equal Weight on Monday, arguing that the luxury carmaker’s recent share price weakness has become disconnected from the underlying fundamentals of the business. The investment bank also increased its price target to €380 from €330, suggesting potential upside of around 24% from Friday’s closing level.

SpaceX Extends Post-IPO Rally as Valuation Tops $2.1 Trillion
InvestorsHub67d agobullish
SpaceX Extends Post-IPO Rally as Valuation Tops $2.1 Trillion

SpaceX (NASDAQ:SPCX) continued its strong momentum in premarket trading on Monday after soaring 19% during its Nasdaq debut on Friday. The aerospace and satellite operator completed the largest initial public offering in history, ending its first trading session with a market value of approximately $2.

Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening
Bloomberg67d agobullish
Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening

(Bloomberg) -- US stocks could get an additional boost from a rotation into cyclical, economically-sensitive industries that have lagged in the Iran war, according to Morgan Stanley strategists.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versio

Bitcoin Rises to Nearly $66,000 After U.S.-Iran Deal
The Wall Street Journal67d agobullish
Bitcoin Rises to Nearly $66,000 After U.S.-Iran Deal

Another beneficiary of the interim U.S.-Iran peace deal: bitcoin. The cryptocurrency jumped to nearly $66,000 on Monday, touching its highest level in nearly two weeks. That helped lift shares of companies tied to crypto, including trading platforms Coinbase and Robinhood, and the bitcoin-hoarding company Strategy.

Birkenstock Readies First Bond Deal in Five Years for Buybacks
Bloomberg67d agobullish
Birkenstock Readies First Bond Deal in Five Years for Buybacks

(Bloomberg) -- Birkenstock is lining up its first bond offering in more than five years as it seeks to replace existing debt and considers further share buybacks. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versions as US Sticks to TimelineThe

Stock Futures Soar as Iran Peace Deal Lifts the Market. Oil Prices Dive.
Barrons.com67d agobullish
Stock Futures Soar as Iran Peace Deal Lifts the Market. Oil Prices Dive.

Stocks looked set to rally on Monday after the U.S. and Iran said they had agreed to an interim peace deal, soothing investors who have spent the past few months fretting about the disruption of shipping through the Strait of Hormuz. U.S. President Donald Trump is heading to France for the G7 summit, which starts today, where the agreement will likely be a hot topic. Trump and Pakistani negotiators said on Sunday that a peace deal would be signed this Friday.

Gold Jumps After US and Iran Agree Deal That Would Reopen Hormuz
Bloomberg67d agobullish
Gold Jumps After US and Iran Agree Deal That Would Reopen Hormuz

(Bloomberg) -- Gold and silver rallied after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Bigges

Modine Manufacturing (MOD) Just Beat Earnings, But Analysts Say It Is Still 25% Cheap
Insider Monkey67d agobullish
Modine Manufacturing (MOD) Just Beat Earnings, But Analysts Say It Is Still 25% Cheap

Modine Manufacturing Company (NYSE:MOD) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 1, Roth Capital raised the firm’s price target on Modine Manufacturing Company (NYSE:MOD) to $341 from $263 and reaffirmed a Buy rating on the stock. The upward price target revision reflects 22% upside from […]

Stifel Raises Price Target for Cadence Design (CDNS) Following Intel Foundry Partnership
Insider Monkey67d agobullish
Stifel Raises Price Target for Cadence Design (CDNS) Following Intel Foundry Partnership

Cadence Design Systems Inc. (NASDAQ:CDNS) ranks among the best 5G stocks to buy right now. On June 9, Stifel maintained its Buy rating on Cadence Design Systems Inc. (NASDAQ:CDNS) and increased its price target from $395 to $432, citing Cadence’s announcement of a multi-year Design Technology Co-Optimization partnership with Intel Foundry aimed at Intel 14A. […]