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The Zacks Stocks in the News Blog Highlights: NVIDIA, Winter Storm Stella, Canada Goose, American Healthcare Act
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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:
When semiconductor chip maker Intel Corp. (INTC - Free Report) announced its acquisition of Israeli self-driving car firm Mobileye NV (MBLY - Free Report) 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 - Free Report) . What will this mean for the graphics chip maker’s stock?
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 - Free Report) , American Airlines (AAL - Free Report) , Delta Airlines (DAL - Free Report) , Southwest (LUV - Free Report) , JetBlue (JBLU - Free Report) , and Spirit (SAVE - Free Report) were all down. Even the U.S. Global Jets ETF (JETS - Free Report) , which tracks the performance of airline companies around the globe, slid on Tuesday.
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?
On Friday, shares of luxury parka maker Canada Goose Holdings Inc. (GOOS - Free Report) 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 - Free Report) .
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: NVIDIA, Winter Storm Stella, Canada Goose, American Healthcare Act
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 - Free Report) announced its acquisition of Israeli self-driving car firm Mobileye NV (MBLY - Free Report) 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 - Free Report) . 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 - Free Report) , American Airlines (AAL - Free Report) , Delta Airlines (DAL - Free Report) , Southwest (LUV - Free Report) , JetBlue (JBLU - Free Report) , and Spirit (SAVE - Free Report) were all down. Even the U.S. Global Jets ETF (JETS - Free Report) , 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 - Free Report) Stock Continues to Gain
On Friday, shares of luxury parka maker Canada Goose Holdings Inc. (GOOS - Free Report) 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 - Free Report) .
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.