Stockwinners Market Radar for December 17, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:04 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Illumina (ILMN) announced that the company will divest Grail. The divestiture will be executed through a third-party sale or capital markets transaction, consistent with the European Commission's divestiture order, with the goal of finalizing the terms by the end of the second quarter of 2024. On December 15, the U.S. Fifth Circuit Court of Appeals issued its decision in the matter of Illumina v. the Federal Trade Commission. Following a review of the Court's opinion, Illumina has elected not to pursue further appeals of the Fifth Circuit's decision. As the company has previously stated, if it was not successful with either its European Court of Justice jurisdictional appeal or in a final decision of the Fifth Circuit, it would divest Grail. 2. Chuck E. Cheese, the restaurant chain that emerged from bankruptcy three years ago, is exploring a sale amid acquisition interest, according to Reuters, citing people familiar with the matter. The company, known for its arcade games and rat mascot Charles Entertainment "Chuck E." Cheese, is working with investment bank Goldman Sachs (GS) on an auction process that could attract private equity firms as well as peers such as Dave & Busters (PLAY), the sources said. 3. Tech stocks have had a blowout 2023, with the Nasdaq Composite up more than 40%, and the Magnificent Seven - Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), Meta Platforms (META), Nvidia (NVDA), and Tesla (TSLA) - averaging a better than 100% return, Eric J. Savitz writes in this week's edition of Barron's. The rally had three drivers: expectations for a Federal Reserve pivot; a new commitment to cost-cutting from the tech world; and artificial intelligence. The author believes all three of those factors will drive tech stocks higher again in 2024. 4. Warner Bros.' (WBD) "Wonka" won the pre-Christmas weekend with a $39M domestic debut. Overseas, Timothee Chalamet-led film earned an estimated $53.6M from 77 markets. "Wonka," one of the first Hollywood movies to unspool since the SAG-AFTRA strike ended, sports an A- CinemaScore. 5. Amazon saw a positive mention in this week's edition of Barron's.

16:13 EST Illumina announces decision to divest Grail - Illumina announced that the company will divest Grail. The divestiture will be executed through a third-party sale or capital markets transaction, consistent with the European Commission's divestiture order, with the goal of finalizing the terms by the end of the second quarter of 2024. On December 15, the U.S. Fifth Circuit Court of Appeals issued its decision in the matter of Illumina v. the Federal Trade Commission. Following a review of the Court's opinion, Illumina has elected not to pursue further appeals of the Fifth Circuit's decision. As the company has previously stated, if it was not successful with either its European Court of Justice jurisdictional appeal or in a final decision of the Fifth Circuit, it would divest Grail. "We are committed to an expeditious divestiture of GRAIL in a manner that allows its technology to continue benefiting patients," said Jacob Thaysen, CEO of Illumina. "The management team and I continue to focus on our core business and supporting our customers. I am confident in Illumina's opportunities and our long-term success."