Hot Stocks: NVDA drops on preliminary results; MNDY, TGTX rally; SGFY climbs on takeover report

Monday, 8 August 2022, 18:08:39
NVDA dropped on weak preliminary results. MNDY and TGTX climbed after their quarterly updates. SGFY jumps on a report that it could become a takeover target from CVS.
— Seeking Alpha

Signify Health (SGFY) Stock Jumps 15% on CVS Takeover Rumors

Monday, 8 August 2022, 17:53:14
Even though a potential CVS buyout of Signify Health hasn”t been confirmed by the two companies, SGFY stock is nonetheless heading higher.
— InvestorPlace

Signify Health may be worth as much as $39/share in a potential sale

Monday, 8 August 2022, 17:37:30
Signify Health (SGFY) may be valued at $30/share or more in a sale after a WSJ report that CVS Health (CVS) is interested in bidding for the home healthcare company, according to a…
— Seeking Alpha

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

Monday, 8 August 2022, 14:32:46
CNBC Celsius Withdraws Motion To Rehire CFO A court filing submitted Friday in the Southern District of New York states that the bankrupt cryptocurrency lender Celsius has dropped its plea to reinstate former CFO, Rod Bolger. The withdrawal notice was published just before a Monday, August 8 hearing to review it. A week ago, the company had approached Ex-CFO Rod Bolger to come back and work with Celsius in exchange for $92,000 monthly pay, prorated over a minimum of six weeks. Reuters GM, Toyota, Other Automakers Oppose US”s EV Bill: Report A group representing General Motors Co (NYSE: GM ), Toyota Motor Corp (NYSE: TM ), Volkswagen AG (OTC: VWAGY ), and others saw the U.S. Senate”s $430 billion bill jeopardizing the country”s electric-vehicle adoption targets for 2030, Reuters reports. “Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive,” said the Alliance for Automotive Innovation”s chief executive, John Bozzella, adding the bill “will also jeopardize our collective target of 40-50% electric vehicle sales by 2030.” The group had warned that most EV models would not qualify for a $7,500 tax credit for U.S. buyers under the bill.
— Benzinga

Why Is CVS-Signify Deal a Win-Win for Both?

Monday, 8 August 2022, 13:47:16
Rhode Island-based CVS Health Corporation (NYSE: CVS) intends to add Signify Health, Inc. (NYSE: SGFY), a healthcare technology company, to its portfolio, according to a Wall Street Journal report. A deal, if reached, between the two healthcare companies would be a win-win situation for both. While a successful deal with Signify would enhance CVS Health”s technological and analytical capabilities, Signify will be able to find itself a strategic fit. SGFY stock closed at $19.87 on Friday. Earlier this month, a Wall Street Journal report highlighted Signify Health’s desire to find strategic alternatives for the company. Any deal with CVS Health would be a step forward in this direction.
— TipRanks