Benzinga reviews this weekend’s top stories covered by Barron’s and other leading media outlets, here are the articles investors need to read.
In “Big Oil’s Surprisingly Bright Future. The Case for BP and Exxon,” Avi Salzman writes that after oil stocks crashed two years ago, Exxon Mobil Corp XOM and Chevron Corp CVX are now looking like market stars, having gained 60% and 50% in the last 12 months, respectively.
“Tesla Stock Could Rebound in 3 Months. Here’s What it Would Take” by Al Root outlines a path for Tesla Inc TSLA to make a comeback in the near future as the EV maker anticipates massive growth in 2023, and the company’s long-term bets on batteries and new vehicles should help lower costs and boost sales.
“Oracle Stock Is a ‘Defensive Play’ in Weaker Economy, Says Analyst” by Tae Kim details why a KeyBanc analyst raised his rating on Oracle Corp ORCL stock from Sector Weight to Overweight and called the stock a “defensive play in a more difficult macro environment.”
“Salesforce Stock Boosted by Starboard Stake” by Carleton English notes that even though activist hedge fund Starboard Value’s stake in Salesforce Inc CRM isn’t likely a large one, the stock was boosted by the attention.
“Bitcoin Miners Are in Trouble. These 2 Stocks Could Win Out, Says Analyst” by Jack Denton explains why an analyst maintained a Buy rating on Bitcoin BTC/USD mining companies Riot Blockchain Inc RIOT and Marathon Digital Holdings Inc MARA even though the apex crypto remains well below its all-time high.
In The Wall Street Journal’s “Elon Musk’s Twitter Takeover Debt to Be Held by Banks Amid Turbulent Markets,” Laura Cooper and Alexander Saeedy write that the banks helping finance Elon Musk’s purchase of Twitter Inc TWTR plan to hold all $13 billion of debt backing the deal rather than sell it.
See Also: 7 Snap Analysts On Q3 Sales Miss: ‘Meaningful Competition From TikTok’
At the time of this writing, the author had no position in the mentioned equities.
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