by Alyssa Oursler | July 3, 2013 7:00 am
Nielsen Holdings (NLSN[1]) gained 2% yesterday[2] after the Standard & Poor’s announced the stock would replace Sprint (S[3]) in the S&P 500. Sprint is getting the boot because Japan’s SoftBank (SFTBF[4]) is acquiring a 78% stake in the company, which will make it ineligible under one of the index’s many criteria[5].
Linn Energy (LINE[6]) shed 15% yesterday amid news that the company is facing an SEC probe[7] of its Berry Petroleum deal.
The spun-off publishing arm[8] of the new News Corp (NWSA[9]) began trading this week. It kept the News Corp name, while the entertainment arm of the company is going by 21st Century Fox (FOXA[10]).
Mark Pincus, the founder of online gaming company Zynga (ZNGA[11]), announced that he is stepping aside as CEO and handing the reins over to Microsoft’s (MSFT[12]) Don Mattrick. Zynga’s stock jumped on the news, and InvestorPlace expert Tom Taulli is a huge supporter of the move[13].
Next, let’s check in with our Best Stocks of 2013 contest[14]. Jeff Reeves’ slow-and-steady tech pick Intel (INTC[15]) snagged the first-place spot at halftime with a total return of 20% so far this year.
Last but not least, aluminum giant Alcoa (AA[16]) — who Jeff actually picked for the contest last year — will kick off Q2 earnings season Monday. However, the season looks set to be another stinker[17].
Check out past “6 Stocks in 60 Seconds” clips here.[18]
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook[19] or follow us on Twitter[20]. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler[21].
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