Shares of Six Flags rose another 1.3% on Tuesday after jumping nearly 5% Monday, following an upgrade to Outperform by KeyBanc over the weekend with a $62 price target. The price target represented a 25% premium to the stock's Friday levels.
What they're saying: KeyBanc analyst Brett Andress says there are a number of improving trends in the second quarter expected to boost the company's stock prospects and is forecasting an 8% increase in attendance in Q2.
The $26.5 billion merger between T-Mobile and Sprint may just happen after all.
Driving the news: T-Mobile is near a deal with Dish Network that would prop up Dish as a new fourth U.S. wireless competitor, likely giving it cover for DOJ approval, CNBC reports.
The private sector added 102,000 jobs in June, fewer than the 140,000 economists expected, according to the ADP national employment report released on Wednesday.
Why it matters: It's a rebound from the 27,000 added in May, but still suggests that Friday's government jobs release — which includes public sector jobs, while ADP does not —might come in soft amid concerns that the job market may be slowing.
Share buybacks contributed about half of S&P 500 companies’ earnings growth in the first quarter, a new report from JPMorgan shows.
Why it matters: "This is corporate executives saying, 'Rather than investing back into the business by making capital expenditures or buying equipment, I’m just going to buy my own shares,'" says David Kelly, a global market strategist at JPMorgan Asset Management, which published the report.
Anheuser-Busch InBev disclosed that it will seek to raise upward of $9.8 billion in a Hong Kong IPO of its Asia-Pacific business.
Why it matters: This could become the year's largest IPO, topping the $8.1 billion raised in May by Uber. It also could give the unit an initial market cap of nearly $64 billion (around the same size as Heineken), and help AB InBev cut into a debt pile it built via the 2016 purchase of SABMiller.
Global manufacturing numbers continued to weaken in June, with a worldwide gauge of factory activity rendering its weakest reading since October 2012 as the number of new orders contracted sharply.
The big picture: June's reading is the first time since November 2012 that the index has been in contraction for two consecutive months, with the fall in the manufacturing numbers seen in both developed and emerging countries. However, developed countries, particularly in the eurozone, have been hit the hardest.
It’s been several years since so-called "coding bootcamps" first emerged, and with a growing number of them today, one-year-old startup Career Karma wants to guide potential students to the right one for them.
The bottom line: All coding bootcamps aren't created equal.
The U.S. Trade Representative’s office threatened Monday tariffs on $4 billion worth of EU goods in retaliation for European subsidies on Boeing's rival Airbus.
Details: The UTSR published a list of 89 tariff sub-categories that could be affected, on top of products worth $21 billion the U.S. threatened to hit in April. Under the proposal, goods including olives, pork, cheese and whiskey would be affected.
