HOT STOCKS NEWS

  Chamath Palihapitiya's Social Capital Hedosophia Holdings Corp. VI  (NYSE:IPOF)  SPAC  dropped 1.5%  on reports  that its in talks to take gym owner Equinox Holdings public. A transaction could value the combined company at more than $7.5B, according to a  Bloomberg report.  The talks between the SPAC and Equinox, which also operates SoulClycle (SOULC) and Blink Fitness, aren't finalized and could still fall apart. Sportico reported in late March that SoulCycle and Equinox  were reportedly in talks to go public through a SPAC. Equinox was reportedly having meetings with as many as 12 blank-check operators and is considering a listing that would give the company a valuation of $9b or more. Equinox, which is partly owned by Steve Ross, the chief of Related Cos., is looking for a valuation of 22x projected 2023 Ebitda of $320M, according to CNBC's David Faber. The companies are looking for a potential $2B PIPE. Several...

  Though the pair in a statement assured the public that they will continue to work together at their foundation despite ending their marriage, the news about the Microsoft  (NASDAQ: MSFT )  founder and his partner of 27 years may send shockwaves across their projects. In the latest  13F filing  from the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway  (NYSE:BRK.B) , Waste Management  (NYSE:WM) , Caterpillar  (NYSE:CAT) , Canadian National  (NYSE:CNI) , Walmart  (NYSE:WMT) , EcoLab  (NYSE:ECL) , Crown Castle  (NYSE:CCI) , Fedex  (NYSE:FDX)  and UPS  (NYSE:UPS) . Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger  (NASDAQ:SDGR)  and Coca-Cola Femsa  (NYSE:KOF) . Most of the other holdings were below $1 billion in market value and their ow...

  There is another bullish take on Home Depot  (NYSE: HD )  from Wall Street this morning as analysts continue to point to the home improvement retailer's sustained momentum. Citi increases its price target on Home Depot to $375 from $288 to mark a new Street high. The firm is the latest to point to rising home prices and high housing turnover as positive indicators for Home Depot. "We see favorable tailwinds for home price strength to continue in the near-to-medium term fueled by elevated demand for bigger homes and migration trends post-pandemic, a strengthening consumer, and the Fed’s commitment to low rates." Yesterday: Home Depot keeps landing higher price targets as reopening fears fade.

  Teladoc Health  (NYSE:TDOC)  dropped ~5.3% today after Cantor Fitzgerald called telehealth a commodity citing a WSJ article in which a former Pepsico executive highlighted a lost contact of the telehealth provider. The contact loss is old news, argued an analyst at Credit Suisse giving the stock an outperform rating and the price target of $264.00 per share indicates a ~53.2% upside to the Friday’s close. ‘PepsiCo membership has been out of TDOC’s membership for a long time,’ the analyst Jailendra Singh noted after a discussion with Teladoc management. The analyst also rules out any material impact to the telehealth platform as a result given that Pepsico employed 120K staff in the U.S. Despite its dominant position among firms contracting telehealth providers directly, nearly 80% of Teladoc’s membership base is formed by contracts with health insurers, the analyst estimated. An upgrade to the guidance could not avert a loss in Teladoc shares after its Q1 2021...

  Realty Income  (NYSE:O)  President and CEO Sumit Roy says the REIT remains "on pace" to reach its 2021 investment guidance   of more than 3.25B. "Looking forward, our rent collections have improved and stabilized, the business is well-positioned to capitalize on our active global investment pipeline, and we finished the quarter with approximately $2.5B of liquidity and a net debt to EBITDAre ratio of 5.3x," he said. Q1 adjusted FFO per share of 86 cents beats the average analyst estimate of 74 cents; compares with 84 cents in Q4 2020 and 88 cents in the year-ago quarter. Q1 revenue of $442.8M exceeds the $416.1M consensus; increased from $418.1M in Q4 and $414.3M in Q1 2020. Invested $1.03B in properties and properties under development, including $403.0M in properties in the U.K.; compares with Q4 investment of $1.01B in properties and properties under development, including $467.2M in properties in the U.K. Collects 94.1% of contractual rent in Q1 vs. 94.3% ...

  Marathon Digital  (NASDAQ:MARA)  produced 162.1 new minted bitcoins during April 2021 thereby expanding bitcoin holdings to ~5,292 with a fair  market value of ~$305.2M. Cash on hand stood at ~$204.4M and total liquidity, defined as cash and bitcoin holdings, was ~$509.6M. The company received ~13,032 S-19 Pro ASIC miners from Bitmain YTD with an additional 3,885 S-19 Pro ASIC miners currently in transit. During April, the company installed 5,288 new miners thereby increasing active mining fleet to ~12,084 miners, generating ~1.29 EH/s. As of May 1, 2021, Marathon's mining fleet has produced ~354 newly minted bitcoins during 2021. Based on current delivery and installation schedules, Marathon continues to expect all previously purchased miners to be fully installed by the end of 1Q22 wherein Marathon mining fleet will consist of ~103,120 miners, generating ~10.37 EH/s.