Precidian ETFs Trust Arm Holdings PLC ADRhedged (ARCA: ARMH)

Ultime notizie per Precidian ETFs Trust Arm Holdings PLC ADRhedged (ARCA:ARMH)

ARM Holdings, plc

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The Series, under normal circumstances, invests at least 95% of its net assets in American Depositary Receipts (ADRs) of the Arm Holdings Plc (the Company).

Arm Holdings Plc 0.00000000

Arm Holdings PLC ADRhedged

Precidian ETFs Trust Arm Holdings PLC ADRhedged

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he likes Realty Income (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/o#NYSE">O</a>) and recommends staying with it. <a href="https://www.benzinga.com/real-estate/reit/24/01/36485705/the-best-performing-reits-of-2023"> &quot;It&rsquo;s a very steady story,&quot; he noted. </a>
When asked about ImmunoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imgn#NASDAQ">IMGN</a>), he said, &quot;That&rsquo;s AbbVie&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>) property now, let&rsquo;s move on.&quot;
Cramer said he is not a buyer of Ramaco Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/metc#NASDAQ">METC</a>). &quot;Let it go up without me,&quot; he added.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
The &quot;Mad Money&quot; host said he doesn&rsquo;t really know Bitfarms Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>). &quot;I just feel like it&rsquo;s just speculative,&quot; he added.
&quot;I think the stock can tread water or go back to the high seventies,&quot; Cramer said when asked about Micron Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>).
Cramer said Coherent Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cohr#NYSE">COHR</a>) is a &quot;little too expensive.&quot;
GE HealthCare Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gehc#NASDAQ">GEHC</a>) is &quot;ridiculously cheap,&quot; Cramer said, &quot;I think it&rsquo;s doing so many great things.&quot;
When asked about TKO Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tko#NYSE">TKO</a>), he said, &quot;I actually don&rsquo;t understand how to value this company.&quot;
Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/armh#NASDAQ">ARMH</a>) is &quot;one you want to own,&quot; he said. &quot;I think Rene Haas [CEO of ARM] is doing a fantastic job.&quot;
On Nov. 8, the chipmaker reports earnings for the first time since its <a href="https://www.benzinga.com/news/earnings/23/11/35687658/chipmaker-arm-holdings-reports-earnings-for-the-first-time-since-ipo">initial public offering in September</a>.
Cramer said he is not a Teva Pharmaceutical Industries Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teva#NYSE">TEVA</a>) guy.
Price Action: Shares of Teva gained 4.1% to close at $11.33, while Arm Holdings fell 2% to $67.05 on Friday. TKO fell 0.3% to settle at $78.63, while GE HealthCare gained 0.1% to $76.62 during Friday&rsquo;s session. Coherent shares gained 1.4% to settle at $41.17, while Micron rose 0.9% to close at $83.45 on Friday. Bitfarms shares fell 7.2%, while Ramaco Resources fell 1.2%. ImmunoGen shares gained 0.4%, while AbbVie gained 0.4% on Friday. Shares of Realty Income rose 0.4% to close at $57.92 during Friday&rsquo;s session. 
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36505445/how-to-earn-500-a-month-from-conagra-brands-stock-following-latest-earnings-report"> How To Earn $500 A Month From Conagra Brands Stock Following Latest Earnings Report </a>

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Cramer Says This Major Healthcare Stock Is 'Ridiculously Cheap And Doing So Many Great Things'

Arm Holdings Plc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARMH#NASDAQ">ARMH</a>) recent debut on the Nasdaq hasn&#8217;t been <a href="https://www.benzinga.com/quote/ARM">a smooth ride</a>.
The British chip designer, known for powering smartphones, saw its American Depository Receipts (ADRs) make a staggering 7.2% nosedive to $56.37 during Monday afternoon trading. 
But what&#8217;s got investors hitting the panic button?
Arm Holdings plc&#8217;s stock has dropped nearly 20% from its IPO peak:
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="819" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/18152417/ARM_2023-09-18_21-24-03_83a52-1024x819.png" alt="" class="wp-image-108222" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/18152417/ARM_2023-09-18_21-24-03_83a52-1024x819.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/18152417/ARM_2023-09-18_21-24-03_83a52-300x240.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/18152417/ARM_2023-09-18_21-24-03_83a52-768x614.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/18152417/ARM_2023-09-18_21-24-03_83a52.png 1351w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">What Happened To Arm Shares Monday?</h2>
Bernstein Research recently initiated coverage of Arm with an Underperform rating and a rather gloomy $46 price target per share. Their rationale? 
Arm might be losing its edge in the artificial intelligence frenzy, with over 60% of its revenues tied to mobile and consumer markets, as Barron&#8217;s <a href="https://www.barrons.com/articles/arm-holdings-stock-price-ipo-sell-buy-56bde6f0">reported</a> Monday. 
There&#8217;s an unexpected David challenging this Goliath – the open-source RISC-V chip architecture. Manufacturers can use it for free, evading those hefty royalty fees. 
Sound like déjà vu? Think of Linux in the operating system arena. Sara Russo, the analyst responsible for the rating, cautions that RISC-V is rapidly garnering trust as a substitute for both x86 and Arm in specific applications.
But that&#8217;s not all. 
<h2 class="wp-block-heading">China Is A Sword of Damocles For Arm</h2>
China, a double-edged sword for many tech giants, accounts for 24% of Arm&#8217;s revenue. 
Rising tensions between Washington and Beijing, coupled with China&#8217;s penchant for non-Western tech, could threaten Arm&#8217;s long-term growth.
Now read: <a href="https://www.benzinga.com/news/large-cap/23/09/34696649/is-arm-holdings-stock-going-to-pay-dividends">Is ARM Holdings Stock Going To Pay Dividends?</a>
Photo via Shutterstock.

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From IPO High To Stock Slide: Arm Holdings' Rollercoaster Ride Begins With Bearish Analyst Call

SoftBank Group Corp (OTC: <a class="ticker" href="/stock/sftbf#OTC">SFTBF</a>)&rsquo;s founder and CEO Masayoshi Son plans to make his <a href="https://www.bloomberg.com/news/articles/2017-05-21/softbank-s-son-chases-boyhood-dreams-with-100-billion-fund">childhood dreams</a> come true after securing an unparalleled $92 billion in funding for his vision fund.
<a href="https://www.bloomberg.com/news/articles/2017-05-20/japan-s-softbank-says-93-billion-committed-to-technology-fund">On Monday</a>, SoftBank officially closed the first round of its investment funding, securing investments from Saudi Arabia, Abu Dhabi, Apple Inc. (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) and QUALCOMM, Inc. (NASDAQ: <a class="ticker" href="/stock/qcom#NASDAQ">QCOM</a>). The vision fund is focused on the future of artificial intelligence and the integration between humans and computers.
<h3>The Importance Of AI</h3>
AI brings together a multitude of different technologies that enables machines to act like and learn from humans.
Recently, according to a report from <a href="https://www.accenture.com/us-en/insight-artificial-intelligence-future-growth">Accenture</a>, there has been a decline in the investment needed to propel production that would enable AI to spur economic growth. However, Son&rsquo;s fund demonstrates that individuals are still looking to invest in this undeveloped industry full of endless possibilities.
&ldquo;AI could double annual economic growth rates in 2035 by changing the nature of work and creating a new relationship between man and machine,&rdquo; according to Accenture&rsquo;s report.
<h3>The $100 Billion Investment Fund</h3>
Currently, the private equity industry is larger than ever, and PE funds are holding a record amount cash according to a research report from <a href="https://www.preqin.com/docs/samples/2017-Preqin-Global-Private_Equity-and-Venture-Capital-Report-Sample-Pages.pdf">Preqin</a>. These firms were holding $820 billion in dry powder at the end of 2016, up from $755 billion at the end of 2015.
Felicio Egidio, Preqin&rsquo;s head of venture capital, told <a href="http://washpost.bloomberg.com/Story?docId=1376-ONGAI46KLVR501-5U7GFQ4429SBOTJB4SFQL9I0QT">Bloomberg</a>, &ldquo;There is already a tremendous amount of dry powder out there. Investment opportunities are getting harder and harder to come by.&rdquo;
Additionally, as oil prices are falling, Saudi Arabia is looking to diversify its investments beyond oil. Thus, the country decided to invest a reported $45 billion in AI in Son&#39;s fund.
It is also easy to see with the ongoing race to build and develop autonomous vehicles, a multibillion-dollar industry, SoftBank will now be able to be a very key player in this race. SoftBank has already invested over $1 billion in Didi Chuxing (a major ride-sharing company in China), hoping to own a large piece of the driverless world.
<h3>Why Investors Trust Son</h3>
Son has been proclaimed as one of the craziest yet brightest individuals in the world, as he envisions a society where the average human life expectancy exceeds 200 years.
Son has spent his entire life working to defy the impossible and made his first million before he was even 16 years old.
While he hasn&rsquo;t always been a winner, as he lost nearly $70 billion investing during the internet bubble, his vision has never been clouded. Since the loss, he has continued to invest and cut huge deals. Most recently, he bought chip designer Arm Holdings plc (ADR) for $32 billion.
In his keynote at <a href="https://www.youtube.com/watch?v=eONE2_F7gmM">ARM TechCon in 2016</a>, Son said, &ldquo;The biggest theme in my view is the Singularity. For that vision, I am exercising that strategy. $100 billion is an interesting size of ammunition. In my view, that is the beginning. My passion is bigger than many people think.&rdquo;
<h3>What Makes Vision Fund So Unique?</h3>
Son&rsquo;s investment fund presents him with endless opportunities to develop AI, David Brophy, a finance professor and the director of the University of Michigan&rsquo;s Office for the Study of Private Equity Finance told <a href="https://www.bloomberg.com/news/articles/2017-05-21/softbank-s-son-chases-boyhood-dreams-with-100-billion-fund">Bloomberg</a>. The billions of dollars will provide him with access and opportunities to keep funding his projects and form key partnerships.
&ldquo;You can walk in with muscle that no one else has. I wouldn&rsquo;t focus too much on what we see in the rear-view mirror. It&rsquo;s more important to look ahead,&rdquo; <a href="https://www.bloomberg.com/news/articles/2017-05-21/softbank-s-son-chases-boyhood-dreams-with-100-billion-fund">said Brophy</a>.
According to Brophy, Son now has the capability to invest loads of capital into AI. This will inflate valuations which will drive out competitors, who will now no longer be able to afford to invest in AI.
SoftBank&rsquo;s ability to secure funding illustrates that technology investors finally believe in AI and expect it to be fully integrated into our lives soon. Son concluded his keynote by stating, &ldquo;In the next 30 years, AI will overtake human intelligence.&quot;
Related Links:
<a href="https://www.benzinga.com/news/17/05/9495414/t-mobile-cfo-on-possible-merger-the-most-logical-partner-is-sprint">T-Mobile CFO On Possible Merger: 'The Most Logical Partner Is Sprint'</a>
<a href="https://www.benzinga.com/media/cnbc/17/02/9100869/wework-set-to-receive-investment-in-excess-of-3-billion-from-softbank">WeWork Set To Receive Investment In Excess Of $3 Billion From SoftBank</a> 
_____ 
Image Credit: By IS-alcott (Own work) [CC BY-SA 3.0 (<a href="http://creativecommons.org/licenses/by-sa/3.0" title="http://creativecommons.org/licenses/by-sa/3.0">http://creativecommons.org/licenses/by-sa/3.0</a>)],<a href="https://commons.wikimedia.org/wiki/File:Softbank_prepaid_micro-usim.JPG"> via Wikimedia Commons</a>

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What The Massive SoftBank Investment 'Vision Fund' Means For Tech

<h3>
	Companies Reporting Before The Bell</h3>
<ul>
<li>
		Rite Aid Corporation (NYSE: <a class="ticker" href="/stock/rad#NYSE">RAD</a>) is estimated to report a quarterly loss at $0.02 per share on revenue of $8.27 billion.</li>
<li>
		Jumei International Holding Ltd(ADR) (NYSE: <a class="ticker" href="/stock/jmei#NYSE">JMEI</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $352.64 million.</li>
<li>
		Surgical Care Affiliates Inc (NASDAQ: <a class="ticker" href="/stock/scai#NASDAQ">SCAI</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $ 378.92 billion.</li>
<li>
		Tokai Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="/stock/tkai#NASDAQ">TKAI</a>) is estimated to report a quarterly loss at $0.34 per share.</li>
<li>
		Ariad Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/aria#NASDAQ">ARIA</a>) is expected to report a quarterly loss at $0.18 per share on revenue of $44.15 million.</li>
<li>
		Shaw Communications Inc (USA) (NYSE: <a class="ticker" href="/stock/sjr#NYSE">SJR</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $992.44 million.</li>
<li>
		Fastenal Company (NASDAQ: <a class="ticker" href="/stock/fast#NASDAQ">FAST</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $1.04 billion.</li>
<li>
		TerraForm Power Inc (NASDAQ: <a class="ticker" href="/stock/terp#NASDAQ">TERP</a>) is estimated to report a quarterly loss at $0.28 per share on revenue of $161.26 million.</li>
<li>
		PetroChina Company Limited (ADR) (NYSE: <a class="ticker" href="/stock/ptr#NYSE">PTR</a>) is expected to report quarterly earnings at $0.94 per share on revenue of $59.31 billion.</li>
<li>
		National Beverage Corp. (NASDAQ: <a class="ticker" href="/stock/fizz#NASDAQ">FIZZ</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $179.47 million.</li>
<li>
		ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) is expected to report earnings for its fourth quarter.</li>
<li>
		Lionbridge Technologies, Inc. (NASDAQ: <a class="ticker" href="/stock/liox#NASDAQ">LIOX</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $135.55 million.</li>
</ul>
<h3>
	Companies Reporting After The Bell</h3>
<ul>
<li>
		Hain Celestial Group Inc (NASDAQ: <a class="ticker" href="/stock/hain#NASDAQ">HAIN</a>) is estimated to post quarterly earnings at $0.56 per share on revenue of $749.71 million.</li>
<li>
		CLARCOR Inc. (NYSE: <a class="ticker" href="/stock/clc#NYSE">CLC</a>) is projected to post quarterly earnings at $0.50 per share on revenue of $324.52 million.</li>
<li>
		Pier 1 Imports Inc (NYSE: <a class="ticker" href="/stock/pir#NYSE">PIR</a>) is estimated to post quarterly earnings at $0.33 per share on revenue of $530.04 million.</li>
<li>
		Harte Hanks Inc (NYSE: <a class="ticker" href="/stock/hhs#NYSE">HHS</a>) is expected to post a quarterly loss at $0.01 per share on revenue of $107.25 million.</li>
<li>
		Apogee Enterprises Inc (NASDAQ: <a class="ticker" href="/stock/apog#NASDAQ">APOG</a>) is estimated to post quarterly earnings at $0.72 per share on revenue of $291.79 million.</li>
<li>
		EarthLink Holdings Corp. (NASDAQ: <a class="ticker" href="/stock/elnk#NASDAQ">ELNK</a>) is projected to post a quarterly loss at $0.03 per share on revenue of $228.41 million.</li>
<li>
		DavidsTea Inc (NASDAQ: <a class="ticker" href="/stock/dtea#NASDAQ">DTEA</a>) is expected to post quarterly earnings at $0.36 per share on revenue of $64.24 million.</li>
<li>
		SeaChange International (NASDAQ: <a class="ticker" href="/stock/seac#NASDAQ">SEAC</a>) is estimated to post quarterly loss at $0.07 per share on revenue of $23.20 million.</li>
<li>
		First NBC Bank Holding Company (NASDAQ: <a class="ticker" href="/stock/fnbc#NASDAQ">FNBC</a>) is expected to post quarterly earnings at $0.51 per share on revenue of $35.87 million.</li>
</ul>

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Earnings Scheduled For April 12, 2017

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<h3>
	Companies Reporting Before The Bell</h3>
<ul>
<li>
		Boeing Co (NYSE: <a class="ticker" href="/stock/ba#NYSE">BA</a>) is estimated to report its quarterly earnings at $2.22 per share on revenue of $23.70 billion.</li>
<li>
		The Coca-Cola Co (NYSE: <a class="ticker" href="/stock/ko#NYSE">KO</a>) is expected to report its quarterly earnings at $0.58 per share on revenue of $11.70 billion.</li>
<li>
		Booz Allen Hamilton Holding Corporation (NYSE: <a class="ticker" href="/stock/bah#NYSE">BAH</a>) is projected to report its quarterly earnings at $0.44 per share on revenue of $1.40 billion.</li>
<li>
		Mondelez International Inc (NASDAQ: <a class="ticker" href="/stock/mdlz#NASDAQ">MDLZ</a>) is estimated to report its quarterly earnings at $0.40 per share on revenue of $6.34 billion.</li>
<li>
		Altria Group Inc (NYSE: <a class="ticker" href="/stock/mo#NYSE">MO</a>) is projected to post its quarterly earnings at $0.80 per share on revenue of $5.01 billion.</li>
<li>
		Anthem Inc (NYSE: <a class="ticker" href="/stock/antm#NYSE">ANTM</a>) is expected to report its quarterly earnings at $3.23 per share on revenue of $20.53 billion.</li>
<li>
		Corning Incorporated (NYSE: <a class="ticker" href="/stock/glw#NYSE">GLW</a>) is projected to report its quarterly earnings at $0.32 per share on revenue of $2.38 billion.</li>
<li>
		Dr Pepper Snapple Group Inc. (NYSE: <a class="ticker" href="/stock/dps#NYSE">DPS</a>) is expected to report its quarterly earnings at $1.20 per share on revenue of $1.69 billion.</li>
<li>
		Carter&#39;s, Inc. (NYSE: <a class="ticker" href="/stock/cri#NYSE">CRI</a>) is estimated to report its quarterly earnings at $0.66 per share on revenue of $636.86 million.</li>
<li>
		General Dynamics Corporation (NYSE: <a class="ticker" href="/stock/gd#NYSE">GD</a>) is expected to report its quarterly earnings at $2.31 per share on revenue of $7.88 billion.</li>
<li>
		Northrop Grumman Corporation (NYSE: <a class="ticker" href="/stock/noc#NYSE">NOC</a>) is projected to report its quarterly earnings at $2.53 per share on revenue of $5.98 billion.</li>
<li>
		Goodyear Tire &amp; Rubber Co (NASDAQ: <a class="ticker" href="/stock/gt#NASDAQ">GT</a>) is estimated to report its quarterly earnings at $1.03 per share on revenue of $3.93 billion.</li>
<li>
		AU Optronics Corp (ADR) (NYSE: <a class="ticker" href="/stock/auo#NYSE">AUO</a>) is projected to report a quarterly loss at $0.03 per share on revenue of $2.45 billion.</li>
<li>
		Southern Co (NYSE: <a class="ticker" href="/stock/so#NYSE">SO</a>) is estimated to report its quarterly earnings at $0.69 per share on revenue of $4.54 billion.</li>
<li>
		Nasdaq Inc (NASDAQ: <a class="ticker" href="/stock/ndaq#NASDAQ">NDAQ</a>) is expected to report its quarterly earnings at $0.88 per share on revenue of $547.66 million.</li>
<li>
		Ingersoll-Rand PLC (NYSE: <a class="ticker" href="/stock/ir#NYSE">IR</a>) is estimated to report its quarterly earnings at $1.30 per share on revenue of $3.70 billion.</li>
<li>
		MakeMyTrip Limited (NASDAQ: <a class="ticker" href="/stock/mmyt#NASDAQ">MMYT</a>) is projected to report a quarterly loss at $0.74 per share on revenue of $47.47 million.</li>
<li>
		Statoil ASA(ADR) (NYSE: <a class="ticker" href="/stock/sto#NYSE">STO</a>) is expected to report its quarterly earnings at $0.08 per share on revenue of $11.82 billion.</li>
<li>
		Gannett Co Inc (NYSE: <a class="ticker" href="/stock/gci#NYSE">GCI</a>) is expected to report its quarterly earnings at $0.31 per share on revenue of $787.10 million.</li>
<li>
		Rockwell Automation (NYSE: <a class="ticker" href="/stock/rok#NYSE">ROK</a>) is estimated to report its quarterly earnings at $1.47 per share on revenue of $1.49 billion.</li>
<li>
		Owens Corning (NYSE: <a class="ticker" href="/stock/oc#NYSE">OC</a>) is projected to report its quarterly earnings at $0.85 per share on revenue of $1.46 billion.</li>
<li>
		Huntsman Corporation (NYSE: <a class="ticker" href="/stock/hun#NYSE">HUN</a>) is estimated to report its quarterly earnings at $0.53 per share on revenue of $2.59 billion.</li>
<li>
		Fiat Chrysler Automobiles NV (NYSE: <a class="ticker" href="/stock/fcau#NYSE">FCAU</a>) is projected to report its quarterly earnings at $0.43 per share on revenue of $28.89 billion.</li>
<li>
		NextEra Energy Inc (NYSE: <a class="ticker" href="/stock/nee#NYSE">NEE</a>) is expected to report its quarterly earnings at $1.54 per share on revenue of $4.33 billion.</li>
<li>
		Norfolk Southern Corp. (NYSE: <a class="ticker" href="/stock/nsc#NYSE">NSC</a>) is estimated to report its quarterly earnings at $1.36 per share on revenue of $2.48 billion.</li>
<li>
		Rollins, Inc. (NYSE: <a class="ticker" href="/stock/rol#NYSE">ROL</a>) is projected to post its quarterly earnings at $0.23 per share on revenue of $415.6 million.</li>
<li>
		Comcast Corporation (NASDAQ: <a class="ticker" href="/stock/cmcsa#NASDAQ">CMCSA</a>) is expected to report its quarterly earnings at $0.82 per share on revenue of $19.02 billion.</li>
<li>
		Waste Management, Inc. (NYSE: <a class="ticker" href="/stock/wm#NYSE">WM</a>) is estimated to report its quarterly earnings at $0.71 per share on revenue of $3.41 billion.</li>
<li>
		Deutsche Bank AG (USA) (NYSE: <a class="ticker" href="/stock/db#NYSE">DB</a>) is expected to report its quarterly earnings at $0.45 per share on revenue of $7.65 billion.</li>
<li>
		ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) is estimated to report its quarterly earnings at $0.36 per share on revenue of $389.17 million.</li>
<li>
		Ryder System, Inc. (NYSE: <a class="ticker" href="/stock/r#NYSE">R</a>) is projected to report its quarterly earnings at $1.54 per share on revenue of $1.70 billion.</li>
<li>
		T-Mobile US Inc (NASDAQ: <a class="ticker" href="/stock/tmus#NASDAQ">TMUS</a>) is estimated to report its quarterly earnings at $0.22 per share on revenue of $9.02 billion.</li>
<li>
		Level 3 Communications, Inc. (NYSE: <a class="ticker" href="/stock/lvlt#NYSE">LVLT</a>) is expected to report its quarterly earnings at $0.45 per share on revenue of $2.08 billion.</li>
</ul>

	&nbsp;
<h3>
	Companies Reporting After The Bell</h3>
<ul>
<li>
		Facebook Inc (NASDAQ: <a class="ticker" href="/stock/fb#NASDAQ">FB</a>) is projected to post its quarterly earnings at $0.81 per share on revenue of $6.02 billion.</li>
<li>
		Amgen, Inc. (NASDAQ: <a class="ticker" href="/stock/amgn#NASDAQ">AMGN</a>) is estimated to post its quarterly earnings at $2.74 per share on revenue of $5.58 billion.</li>
<li>
		McKesson Corporation (NYSE: <a class="ticker" href="/stock/mck#NYSE">MCK</a>) is projected to post its quarterly earnings at $3.33 per share on revenue of $50.35 billion.</li>
<li>
		Groupon Inc (NASDAQ: <a class="ticker" href="/stock/grpn#NASDAQ">GRPN</a>) is expected to post a quarterly loss at $0.02 per share on revenue of $711.29 million.</li>
<li>
		GoPro Inc (NASDAQ: <a class="ticker" href="/stock/gpro#NASDAQ">GPRO</a>) is estimated to post a quarterly loss at $0.58 per share on revenue of $194.31 million.</li>
<li>
		Marriott International Inc (NASDAQ: <a class="ticker" href="/stock/mar#NASDAQ">MAR</a>) is expected to post its quarterly earnings at $0.98 per share on revenue of $3.90 billion.</li>
<li>
		Unum Group (NYSE: <a class="ticker" href="/stock/unm#NYSE">UNM</a>) is estimated to post its quarterly earnings at $0.94 per share on revenue of $2.75 billion.</li>
<li>
		Xilinx, Inc. (NASDAQ: <a class="ticker" href="/stock/xlnx#NASDAQ">XLNX</a>) is projected to post its quarterly earnings at $0.56 per share on revenue of $571.06 million.</li>
<li>
		Owens-Illinois Inc (NYSE: <a class="ticker" href="/stock/oi#NYSE">OI</a>) is estimated to post its quarterly earnings at $0.63 per share on revenue of $1.73 billion.</li>
<li>
		Cabot Corp (NYSE: <a class="ticker" href="/stock/cbt#NYSE">CBT</a>) is projected to post its quarterly earnings at $0.93 per share on revenue of $611.73 million.</li>
<li>
		Cirrus Logic, Inc. (NASDAQ: <a class="ticker" href="/stock/crus#NASDAQ">CRUS</a>) is expected to post its quarterly earnings at $0.28 per share on revenue of $236.38 million.</li>
<li>
		Vertex Pharmaceuticals Incorporated (NASDAQ: <a class="ticker" href="/stock/vrtx#NASDAQ">VRTX</a>) is projected to post its quarterly earnings at $0.21 per share on revenue of $428.08 million.</li>
<li>
		Goldcorp Inc. (USA) (NYSE: <a class="ticker" href="/stock/gg#NYSE">GG</a>) is estimated to post its quarterly earnings at $0.02 per share on revenue of $896.98 million.</li>
<li>
		Shutterfly, Inc. (NASDAQ: <a class="ticker" href="/stock/sfly#NASDAQ">SFLY</a>) is expected to post a quarterly loss at $0.65 per share on revenue of $200.73 million.</li>
<li>
		Pilgrim&#39;s Pride Corporation (NASDAQ: <a class="ticker" href="/stock/ppc#NASDAQ">PPC</a>) is projected to post its quarterly earnings at $0.68 per share on revenue of $2.07 billion.</li>
<li>
		Marvell Technology Group Ltd. (NASDAQ: <a class="ticker" href="/stock/mrvl#NASDAQ">MRVL</a>) is expected to post its quarterly earnings at $0.10 per share on revenue of $657.24 million.</li>
<li>
		O&#39;Reilly Automotive Inc (NASDAQ: <a class="ticker" href="/stock/orly#NASDAQ">ORLY</a>) is estimated to post its quarterly earnings at $2.68 per share on revenue of $2.19 billion.</li>
<li>
		Barrick Gold Corporation (USA) (NYSE: <a class="ticker" href="/stock/abx#NYSE">ABX</a>) is expected to post its quarterly earnings at $0.14 per share on revenue of $2.05 billion.</li>
</ul>

AMGN

ANTM

CMCSA

CRUS

FCAU

GPRO

GRPN

LVLT

MDLZ

MMYT

MRVL

NDAQ

ORLY

SFLY

TMUS

VRTX

XLNX

Earnings Scheduled For July 27, 2016

Berenberg downgrades ARM Holdings (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) from Buy to Hold.

Downgrades

Berenberg Downgrades ARM Holdings to Hold

The Wall Street Journal reported that Verizon Communications Inc. (NYSE: <a class="ticker" href="/stock/vz#NYSE">VZ</a>) has agreed to pay ~$5B for the core business of Yahoo! Inc. (NASDAQ: <a class="ticker" href="/stock/yhoo#NASDAQ">YHOO</a>), along with some real estate. SunTrust Robinson Humphrey&rsquo;s Robert S. Peck maintained a Neutral rating on Yahoo, with a price target of $42.

	Verizon had been a frontrunner in the acquisition of Yahoo&rsquo;s core business, since it would be able to extract the maximum synergies, analyst Robert Peck noted. He added that there is unlikely to be significant regulatory hurdles, and the transaction could close in the back half of 2016.
<h3>
	What Next?</h3>

	Peck expects Yahoo to sell or distribute the Yahoo Japan shares, which could be more complicated than was earlier anticipated. There are speculations of SoftBank Group Corp (OTCMKTS: SFTBF) being interested in Yahoo Japan&rsquo;s shares.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/16/07/8251104/verizon-to-acquire-yahoos-operating-business-for-4-8-billion">Verizon To Acquire Yahoo's Operating Business For $4.8 Billion</a></bzrelatedlink>

	The analyst pointed out, however, that SoftBank had recently acquired ARM Holdings plc (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) for ~$30B, which could cloud the purchase of Yahoo Japan. He added, &ldquo;If SoftBank isn&rsquo;t interested, we think Yahoo could possibly sell the shares to Japanese investors or distribute to current shareholders.&rdquo;
<h3>
	Sell The News</h3>

	Peck recommended investors to sell the news, citing the reasons as:
<ol>
<li>
		The deal has been widely anticipated</li>
<li>
		The liquidation process could be complex and prolonged</li>
<li>
		The transaction discount for Alibaba Group Holding Ltd (NYSE: <a class="ticker" href="/stock/baba#NYSE">BABA</a>) could be &ldquo;greater than investors realize due to &ldquo;hook&quot; shares.&rdquo;</li>
</ol>

	Did you like this article? Could it have been improved? Please email <a href="mailto:feedback@benzinga.com">feedback@benzinga.com</a> with the story link to let us know!

Short Ideas

Reiteration

BABA

YHOO

Bob Peck Says Yahoo Holders Should 'Sell The News'

On Thursday, Mastercard Inc (NYSE: <a class="ticker" href="/stock/ma#NYSE">MA</a>) reported a purchase of a 92.4 percent stake in in British ATM operator and automated clearing house, Vocalink for $920 million (£869 million). The purchase came after SoftBank Group Corp (OTC: <a class="ticker" href="/stock/sftby#OTC">SFTBY</a>) (OTC: <a class="ticker" href="/stock/sftbf#OTC">SFTBF</a>) had made a £24.3 billion offer for Cambridge chip designer ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>).
Baird's David Koning commented on the Mastercard's purchases' impact on the company.
<h3>Expanding To Electronic Payments</h3>
The Baird analyst favored the merger as a way to expand Mastercard's exposure to electronic payments. "We like that the acquisition is ~2.5 percent accretive to total company revenue and provides MA with additional means to touch electronic payments," stated Koning. The analyst viewed the transaction to be about $0.05 dilutive to annual earnings per share (about 1&ndash;2 percent).
In addition, Koning believed Vocalink's growth rate would not be dilutive to total company growth in the future.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8247649/digging-into-paypals-q2-earnings">Digging Into PayPal's Q2 Earnings</a></bzrelatedlink>
The analyst however noted the merger would significantly decrease the likelihood of any potential of future buyback.
<h3>About The Deal And Vocalink</h3>
According to Koning, these are the most notable facts about the deal:
<ul>
<li>Vocalink's 2015 revenue was $240 million, which is about 2.5 percent of Mastercard's total revenue.
</li><li>The analyst believes the deal would be expected to close within three to 12 months.
</li><li>Vocalink's 2015 EBITDA was $102 million representing about 43 percent margin.
</li><li>"Beyond the next two years, management expects Vocalink to grow at a similar rate as the total company, as Vocalink's capabilities are expanded."</li></ul>
The analyst maintains Mastercard's Outperform rating and $115.00 price target.
At the time of writing, Mastercard traded at $92.99, up 0.57 percent Friday.
<a href="https://pro.benzinga.com/?utm_source=Benzinga&amp;utm_medium=Benzinga%20Top%20of%20Article&amp;am%22%3">Full ratings data available on Benzinga Pro.</a>
Did you like this article? Could it have been improved? Please email <a href="mailto:feedback@benzinga.com">feedback@benzinga.com</a> with the story link to let us know!

SFTBY

Baird Reviews Mastercard's $920 Million Vocalink Stake Purchase

Joy Global Inc. (NYSE: <a class="ticker" href="/stock/joy#NYSE">JOY</a>) announced Thursday morning it has agreed to sell itself to Komatsu America Corp, a subsidiary of Japan-based Komatsu Ltd (ADR) (OTC: <a class="ticker" href="/stock/kmtuy#OTC">KMTUY</a>), for $3.7 billion, or $28.30 per share.
The price tag on the deal implies a 48 percent premium to the volume weighted average closing price of Joy Global's stock over the past 90 trading days.
The deal earned the praise of CNBC's Jim Cramer. During his daily <a href="http://video.cnbc.com/gallery/?video=3000536322">"The Mad Dash" segment on Thursday,</a> Cramer suggested that the business combination is a "remarkable deal," especially when factoring in Joy Global's business is coal and copper mining equipment.
"Most importantly, the reason why this company exists is they have maintenance contracts," Cramer expanded. "It's just a fabulous book of business for maintenance &mdash; and that has supported them for a very long time."
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8203620/barclays-warns-investors-to-stay-out-of-u-s-machinery-th">Barclays Warns Investors To Stay Out Of U.S. Machinery This Summer</a></bzrelatedlink>
Meanwhile, investors that bought the stock near its 52-week lows of under $10 are being rewarded with a superior return.
Cramer further praised the deal by adding that Komatsu now owns Joy Global's book of business contracts and it can sell its other divisions, such as tractors, and focus on its newly acquired entity.
Finally, Cramer pointed out that the deal is also significant because it represents the second major M&amp;A move by a Japanese company this week alone &mdash; the first being SoftBank Group Corp (OTC: <a class="ticker" href="/stock/sftbf#OTC">SFTBF</a>) (OTC: <a class="ticker" href="/stock/sftby#OTC">SFTBY</a>) <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8226733/arm-holdings-up-44-on-softbank-acquisition-analyst-sees-">$32 billion acquisition</a> of ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>).
Did you like this article? Could it have been improved? Please email <a href="mailto:feedback@benzinga.com">feedback@benzinga.com</a> with the story link to let us know!

CNBC

Jim Cramer

KMTUY

Jim Cramer Says Joy Global's Buyout Is A 'Remarkable Deal'

ARM Holdings Shares Immediately Bounce from Session Lows as Guardian Article was from Jul. 19; Stock Now Up ~0.14% for Session

<a href="https://www.theguardian.com/business/2016/jul/19/softbanks-takeover-of-arm-holdings-in-doubt" title="https://www.theguardian.com/business/2016/jul/19/softbanks-takeover-of-arm-holdings-in-doubt">https://www.theguardian.com/business/2016/jul/19/softbanks-takeover-of-arm-holdings-in-doubt</a>

Rumors

Traders Attributing Spike Lower in ARM Shares to Jul. 19 Article from UK's Guardian Publishes 'SoftBank's takeover of ARM Holdings in doubt' Being Passed Around Today

&nbsp;
<ul>
<li>
		Bernstein upgraded ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) from Underperform to Market Perform. ARM Holdings shares rose 0.12 percent to $66.35 in pre-market trading.</li>
<li>
		RBC Capital upgraded Markit Ltd (NASDAQ: <a class="ticker" href="/stock/info#NASDAQ">INFO</a>) from Sector Perform to Outperform. IHS Markit shares rose 0.95 percent to $36.00 in pre-market trading.</li>
<li>
		Baird upgraded Antero Resources Corp (NYSE: <a class="ticker" href="/stock/ar#NYSE">AR</a>) from Neutral to Outperform. Antero Resources shares fell 1.45 percent to close at $26.44 on Wednesday.</li>
<li>
		Analysts at Tudor Pickering upgraded Chesapeake Energy Corporation (NYSE: <a class="ticker" href="/stock/chk#NYSE">CHK</a>) from Hold to Buy. Chesapeake Energy shares rose 5.27 percent to $4.99 in pre-market trading.</li>
<li>
		PiperJaffray upgraded Fairmount Santrol Holdings Inc (NYSE: <a class="ticker" href="/stock/fmsa#NYSE">FMSA</a>) from Neutral to Overweight. Fairmount Santrol shares gained 0.98 percent to $6.21 in pre-market trading.</li>
<li>
		Analysts at Ladenburg Thalmann upgraded American Midstream Partners LP (NYSE: <a class="ticker" href="/stock/amid#NYSE">AMID</a>) from Neutral to Buy. American Midstream shares gained 1.61 percent to close at $12.00 on Wednesday.</li>
<li>
		Analysts at Dundee upgraded Louisiana-Pacific Corporation (NYSE: <a class="ticker" href="/stock/lpx#NYSE">LPX</a>) from Neutral to Buy. Louisiana-Pacific shares rose 0.34 percent to $20.49 in pre-market trading.</li>
<li>
		Analysts at Tudor Pickering upgraded Williams Companies Inc (NYSE: <a class="ticker" href="/stock/wmb#NYSE">WMB</a>) from Hold to Buy. Williams Companies shares rose 0.92 percent to $25.36 in pre-market trading.</li>
</ul>

Upgrades

AMID

FMSA

INFO

Benzinga's Top Upgrades

Bernstein upgrades ARM Holdings (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) from Underperform to Market Perform.

Bernstein Upgrades ARM Holdings to Market Perform

<a href="http://www.digitimes.com/news/a20160719PD210.html" title="http://www.digitimes.com/news/a20160719PD210.html">http://www.digitimes.com/news/a20160719PD210.html</a>

Contracts

Taiwan Semiconductor Says Softbank's Acquisition of ARM Holdings Will have No Impact on TSM-ARM Collaboration -DigiTimes

Japan-based SoftBank Group Corp (OTC: <a class="ticker" href="/stock/sftbf#OTC">SFTBF</a>) (OTC: <a class="ticker" href="/stock/sftby#OTC">SFTBY</a>)'s $32 billion takeover of U.K.-based ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) should be a common occurrence, according to <a href="http://www.bloomberg.com/gadfly/articles/2016-07-19/finding-a-yen-for-tech-deals">Bloomberg's Tim Culpan</a>.
Japanese companies are sitting on plenty of cash, and its national currency, the yen, is trading near historical all time-highs. As such, Japanese companies should be more active in large-scale, global M&amp;A deals. Sony Corp (ADR) (NYSE: <a class="ticker" href="/stock/sne#NYSE">SNE</a>) alone is sitting on $8 billion in cash and boasts an impressive debt-to-equity ratio of just 30 percent.
Panasonic Corporation (ADR) (OTC: <a class="ticker" href="/stock/pcrfy#OTC">PCRFY</a>) is holding $9 billion in cash, FUJIFLIM Holdings Corp. (ADR) (OTC: <a class="ticker" href="/stock/fujiy#OTC">FUJIY</a>) has $5.3 billion and Canon Inc (ADR) (NYSE: <a class="ticker" href="/stock/caj#NYSE">CAJ</a>) is sitting on $5.2 billion. Even Nintendo Co., Ltd (ADR) (OTC: <a class="ticker" href="/stock/ntdoy#OTC">NTDOY</a>) has $5.1 billion sitting in the bank.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/16/07/8230914/the-story-behind-softbanks-acquisition-of-arm-holdings-from-a-turkish-resort-town">The Story Behind SoftBank's Acquisition Of Arm Holdings: From A Turkish Resort Town To Secret Meetings In London</a></bzrelatedlink>
<h3>Take A Page Out Of China's Playbook</h3>
Chinese companies were aggressively targeting chipmakers, including Western Digital Corp (NASDAQ: <a class="ticker" href="/stock/wdc#NASDAQ">WDC</a>) and Fairchild Semiconductor Intl Inc (NASDAQ: <a class="ticker" href="/stock/fcs#NASDAQ">FCS</a>), but faced regulatory scrutiny. Japanese companies, on the other hand, could emulate similar deals and not be bound by the same scrutiny of Chinese companies.
Western Digital would be a good fit for Fujifilm, Panasonic or Hitachi, Ltd. (ADR) (OTC: <a class="ticker" href="/stock/hthiy#OTC">HTHIY</a>). Synaptics, Incorporated (NASDAQ: <a class="ticker" href="/stock/syna#NASDAQ">SYNA</a>)'s business could generate synergies if combined with Sony's PlayStation unit.
Opera's "slimmed-down" browser in smartphones could have been a perfect fit for Nintendo.
Bottom line, investors "should be surprised that more acquisitions aren't being made," rather than being surprised by SoftBank's move on ARM Holdings.
Did you like this article? Could it have been improved? Please email <a href="mailto:feedback@benzinga.com">feedback@benzinga.com</a> with the story link to let us know!

FUJIY

HTHIY

NTDOY

PCRFY

Bloomberg: Japanese Companies Aren't Active Enough In Global M&A Deals

&nbsp;
<ul>
<li>
		Stifel Nicolaus downgraded Hyatt Hotels Corporation (NYSE: <a class="ticker" href="/stock/h#NYSE">H</a>) from Buy to Hold. Hyatt shares rose 0.02 percent to $51.27 in pre-market trading.</li>
<li>
		Analysts at PiperJaffray downgraded Guess?, Inc. (NYSE: <a class="ticker" href="/stock/ges#NYSE">GES</a>) from Neutral to Underweight. Guess? shares fell 4.75 percent to $14.65 in pre-market trading.</li>
<li>
		Societe Generale downgraded Halliburton Company (NYSE: <a class="ticker" href="/stock/hal#NYSE">HAL</a>) from Buy to Hold. Halliburton shares slipped 0.33 percent to $45.46 in pre-market trading.</li>
<li>
		Raymond James downgraded ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) from Outperform to Market Perform. ARM Holdings shares fell 0.86 percent to $65.60 in pre-market trading.</li>
<li>
		Noble Financial downgraded Evoke Pharma Inc (NASDAQ: <a class="ticker" href="/stock/evok#NASDAQ">EVOK</a>) from Buy to Hold. Evoke Pharma shares declined 0.69 percent to $2.87 in pre-market trading.</li>
<li>
		Analysts at Atlantic Equities downgraded Oracle Corporation (NYSE: <a class="ticker" href="/stock/orcl#NYSE">ORCL</a>) from Overweight to Neutral. Oracle shares dropped 0.50 percent to $41.43 in pre-market trading.</li>
<li>
		Analysts at Longbow Research downgraded PACCAR Inc (NASDAQ: <a class="ticker" href="/stock/pcar#NASDAQ">PCAR</a>) from Neutral to Underperform. PACCAR shares declined 1.91 percent to $53.50 in pre-market trading.</li>
<li>
		Analysts at DA Davidson downgraded Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="/stock/smci#NASDAQ">SMCI</a>) from Buy to Neutral. Super Micro Computer shares fell 25.97 percent to $19.50 in pre-market trading.</li>
<li>
		BMO Capital downgraded Maxim Integrated Products Inc. (NASDAQ: <a class="ticker" href="/stock/mxim#NASDAQ">MXIM</a>) from Outperform to Market Perform. Maxim Integrated Products shares declined 1.23 percent to $37.65 in pre-market trading.</li>
<li>
		JP Morgan downgraded Michaels Companies Inc (NASDAQ: <a class="ticker" href="/stock/mik#NASDAQ">MIK</a>) from Overweight to Neutral. Michaels Companies shares rose 2.80 percent to close at $27.56 on Monday.</li>
</ul>

EVOK

MXIM

ORCL

PCAR

SMCI

Benzinga's Top Downgrades

SoftBank Group Corp (OTC: <a class="ticker" href="/stock/sftbf#OTC">SFTBF</a>) (OTC: <a class="ticker" href="/stock/sftby#OTC">SFTBY</a>)'s acquisition of ARM Holdings plc (ADR) (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) represents both the largest deal ever conducted by the Japan-based company and the first major M&amp;A deal involving a British company post-Brexit.
So how did it all come together?
<h3>A Turkish Resort</h3>
According to <a href="http://www.bloomberg.com/news/articles/2016-07-19/softbank-s-quest-to-buy-arm-spanned-turkish-coast-to-may-s-door">Bloomberg,</a> ARM Chairman Stuart Chambers was vacationing off the coast of Turkey earlier this month and received a visit from Masayoshi Son, SoftBank's billionaire founder and CEO, to discuss an acquisition.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/16/07/8228152/did-the-brexit-vote-play-a-role-in-softbanks-acquisition-of-arm">Did The Brexit Vote Play A Role In SoftBank's Acquisition Of ARM?</a></bzrelatedlink>
The discussions in Turkey quickly expanded to include ARM CEO Simon Segars, who has known Son for many years through the Silicon Valley circuit.
The initial talks proved to be a success and a second round of discussions were scheduled to secretly take place at Lazard Ltd.'s London office.
<h3>Secret London Meeting</h3>
While negotiations took place, SoftBank increased its buyout offer at least three times.
Meanwhile, Son was also having discussions with the U.K.'s new Prime Minister, Theresa May, to assure the government that its headquarters and management team will remain in Cambridge. He also promised to double the employee headcount from around 4,000 over the next five years.
The Prime Minister's Office concluded the deal is "very much in the national interest" and received the government's blessings.
"Britain is open for business &mdash; and open to foreign investment," Chancellor of the Exchequer (equivalent title to Minister of Treasury or Finance) Philip Hammond was quoted by Bloomberg as saying. "SoftBank's decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth."
Did you like this article? Could it have been improved? Please email <a href="mailto:feedback@benzinga.com">feedback@benzinga.com</a> with the story link to let us know!

The Story Behind SoftBank's Acquisition Of ARM Holdings: From A Turkish Resort Town To Secret Meetings In London

Raymond James downgrades ARM Holdings (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) from Outperform to Market Perform.

Raymond James Downgrades ARM Holdings to Market Perform

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Monday July 18, 2016:

	&nbsp;

	SoftBank to Acquire ARM Holdings for ~$32B

	The Offer: 
	SoftBank Group Corp. (OTC: <a class="ticker" href="/stock/sftby#OTC">SFTBY</a>) and ARM Holdings plc (NASDAQ: <a class="ticker" href="/stock/armh#NASDAQ">ARMH</a>) announced Monday, that they have reached agreement on the terms of a recommended all cash by SoftBank of 1,700 pence per UK share or approximately $67.26 per U.S. ADR. The consideration values the entire existing issued and to be issued share capital of ARM at approximately &pound;24.3 billion (approximately $32 billion).

	ARM Holdings closed at $66.17 on Monday, up 40.55%.

	&nbsp;

	Hearing Dealreporter Says Tronox May Explore Sale

	The Rumor: 
	Shares of Tronox (NASDAQ: <a class="ticker" href="/stock/trox#NASDAQ">TROX</a>) rose Monday on a report from DealReporter that the company was exploring a sale. Tronox did not respond to a request for comment.

	Tronox closed at $7.02 on Monday, up 4.78%.

	&nbsp;

	Smith &amp; Wesson Reports Battenfeld Technologies Unit to Buy Taylor Brands for $85M in Cash

	The Deal: 
	On July 15, 2016, Smith &amp; Wesson (NYSE: <a class="ticker" href="/stock/swhc#NYSE">SWHC</a>) subsidiary, BTI Tools entered into an asset purchase agreement with Taylor Brands to acquire substantially all of the assets of Taylor for $85 million in cash. The Transaction is expected to close in August.

	Smith &amp; Wesson closed Monday at $28.78, up 1.52%.

	&nbsp;

	Hearing Unconfirmed Takeover Chatter in Hartford Financial Involving Travelers

	The Rumor: 
	Shares of Hartford Financial (NYSE: <a class="ticker" href="/stock/hig#NYSE">HIG</a>) spiked to the high of the day of $44.39, following unconfirmed market chatter of a potential bid from Travelers Companies (NYSE: <a class="ticker" href="/stock/trv#NYSE">TRV</a>). A similar report surfaced in August 2015.

	Hartford closed Monday at $43.74, down $0.01.

SWHC

TROX

Benzinga's M&A Chatter for Monday July 18, 2016

U.S. stock markets closed up on Monday, with the S&amp;P 500 and the Dow Jones Industrial Average hitting new record highs, helped by Bank of America Corp (NYSE: <a class="ticker" href="/stock/bac#NYSE">BAC</a>)&#39;s better-than-expected results.

	After the market closed, shares of Netflix, Inc. (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>) <a href="http://www.benzinga.com/news/earnings/16/07/8228935/netflix-craters-on-big-subscriber-miss">tumbled 15 percent</a>. EPS of $0.09 beats the Street&#39;s consensus by $0.07 and revenue of $2.1 billion, was in line with expectations. However, the 160,000 net adds seen in the U.S. and 1.52 million net adds witnessed overseas disappointed investors, as management had guided for 500,000 and two million net adds, respectively.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/earnings/16/07/8227482/terms-of-the-trade-top-line-and-bottom-line">Terms Of The Trade: Top Line And Bottom Line</a></bzrelatedlink>

	International Business Machines Corp. (NYSE: <a class="ticker" href="/stock/ibm#NYSE">IBM</a>) gained more than 2.5 percent after the bell rang, driven by a top and bottom line beat. Second quarter EPS of $2.95 beat the Street&rsquo;s consensus by $0.06, while revenue of $20.24 billion came in $210 million ahead of expectations.

	Also surging on its earnings was VMware, Inc. (NYSE: <a class="ticker" href="/stock/vmw#NYSE">VMW</a>), which rose more than 4.75 percent in Monday&rsquo;s after-hours session. Second quarter EPS of $0.97 and revenue of $1.69 billion beat analysts&rsquo; consensus by $0.02 and $10 million, respectively.

	Finally,&nbsp; EMC Corporation (NYSE: <a class="ticker" href="/stock/emc#NYSE">EMC</a>) traded up about 1.1 percent. The large cap tech company posted second quarter EPS of $0.45, $0.03 above the Street&rsquo;s consensus, and revenue of $6 billion, in line with estimates.

After-Hours Center

NFLX

4 Tech Stocks Moving In Monday's After-Hours Session

Comments

Precidian ETFs Trust Arm Holdings PLC ADRhedged

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