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Foot Locker Soars; Boeing and Cisco to the Upside; UNH Investigation
Manage episode 482897915 series 3654950
On this episode of Stock Movers:
- Footlocker (FL) rose over 80% this morning after Dick's Sporting Goods reached a $2.4 billion deal to acquire Foot Locker, with Dick's paying $24 a share for Foot Locker, an 86.5% premium on Foot Locker's closing share price. The acquisition combines two retailers affected by President Trump's tariff wars, with Dick's expecting to operate Foot Locker as a standalone business unit and maintain the Foot Locker brand. Dick's Sporting Goods sank on the news.
- Boeing (BA) shares are up in premarket trading after landing its biggest-ever aircraft order, with Qatar Airways agreeing to buy up to 210 widebody aircraft, including 787 Dreamliners and 777X models, in a deal worth $96 billion. The deal is a major win for Boeing, Qatar Airways, and President Trump, who witnessed the signing ceremony and touted the pact as a record that would help secure jobs at home.
- Cisco (CSCO) is higher this morning after the networking equipment provider boosted its full-year revenue guidance and beat the average analyst estimate. Separately, the company announced some executive changes, including the departure of Scott Herren as CFO.
- UnitedHealth Group (UNH) shares are lower this morning after the Wall Street Journal reported the company is under criminal investigation for possible Medicare fraud. The Justice Department has been probing the company's Medicare Advantage business since at least last summer, but the nature of the potential criminal allegations is unclear. UnitedHealth has denied being notified about the investigation and stands by the integrity of its Medicare Advantage program.
See omnystudio.com/listener for privacy information.
269 episodes
Manage episode 482897915 series 3654950
On this episode of Stock Movers:
- Footlocker (FL) rose over 80% this morning after Dick's Sporting Goods reached a $2.4 billion deal to acquire Foot Locker, with Dick's paying $24 a share for Foot Locker, an 86.5% premium on Foot Locker's closing share price. The acquisition combines two retailers affected by President Trump's tariff wars, with Dick's expecting to operate Foot Locker as a standalone business unit and maintain the Foot Locker brand. Dick's Sporting Goods sank on the news.
- Boeing (BA) shares are up in premarket trading after landing its biggest-ever aircraft order, with Qatar Airways agreeing to buy up to 210 widebody aircraft, including 787 Dreamliners and 777X models, in a deal worth $96 billion. The deal is a major win for Boeing, Qatar Airways, and President Trump, who witnessed the signing ceremony and touted the pact as a record that would help secure jobs at home.
- Cisco (CSCO) is higher this morning after the networking equipment provider boosted its full-year revenue guidance and beat the average analyst estimate. Separately, the company announced some executive changes, including the departure of Scott Herren as CFO.
- UnitedHealth Group (UNH) shares are lower this morning after the Wall Street Journal reported the company is under criminal investigation for possible Medicare fraud. The Justice Department has been probing the company's Medicare Advantage business since at least last summer, but the nature of the potential criminal allegations is unclear. UnitedHealth has denied being notified about the investigation and stands by the integrity of its Medicare Advantage program.
See omnystudio.com/listener for privacy information.
269 episodes
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