In today’s Get Real morning newsletter, we discussed bullishness on Microsoft, Best Buy’s record high, and FedEx’s funk. Plus, multiple merger updates and more.
Should peers worry about the Fiat Chrysler and PSA merger?
Dish’s chairman testifies in T-Mobile and Sprint merger trial
Earlier this week, Dish’s (DISH) chairman, Charlie Ergen, testified in the T-Mobile and Sprint merger trial. He discussed competing with top US wireless service providers. Dish is set to purchase part of Sprint’s wireless spectrum and its prepaid businesses after the merger deal is complete.
Best Buy at a record high
Best Buy has had a great run with outstanding returns this year. Currently, the stock is trading at a record high. The company, which has outperformed many of its retail peers, could gain from holiday sales.
Investors go long on Micron stock
Micron picked up traction ahead of its first-quarter earnings report. The company was set to release its earnings yesterday after the markets closed. Several analysts bullishly upgraded the stock ahead of the report.
FedEx is in a funk
FedEx (FDX) stock fell after its reported lower-than-expected second-quarter earnings and cut its outlook for fiscal 2020. Side effects from the trade war and losing Amazon as a major customer contributed to FedEx’s grim performance.
HEXO lacks confidence
HEXO (HEXO) has been struggling this year, especially after its disappointing earnings for the first quarter of fiscal 2020. Currently, analysts seem bearish on HEXO stock due to its shaky performance.
What to watch for
Tesla might need to cut prices in China
Bloomberg reported that Tesla (TSLA) might be cut the prices on its Model 3 in China next year. Overall, 2020 could be essential for the company as the China Gigafactory picks up speed.
Is Microsoft bound to soar higher?
So far, Microsoft stock has been trading higher this week. The stock has also outperformed the US tech and communications services industry. The bullishness on Microsoft is circulating, which suggests that a higher surge might be coming.
First Solar’s path ahead
First Solar, the solar panel maker, had a muted fourth quarter. However, the stock’s valuation looks attractive due to its growth potential.
Will a Broadcom dividend hike attract investors?
Broadcom has been regularly returning value to shareholders through dividends and share buyback rewards. The company has also taken on high debt in an effort to diversify sales through back-to-back acquisitions.