Reply To: Traders Market Weekly: APR 3-9 — Yield Inversion & Inflation concerns

#35316
Truman
Participant

In U.S. Corporate news:

HP Inc. (HPQ 39.86, +4.95): +14.2% after Berkshire Hathaway (BRK.B) disclosed the purchase of approximately 11.1 mln HPQ shares worth nearly $400 million.
Constellation Brands (STZ 234.00, +2.19): +0.9% after beating top and bottom-line estimates and guiding FY23 EPS in-line with expectations.
Conagra (CAG 32.95, -1.39): -4.1% after lowering its FY22 EPS guidance below consensus, overshadowing its revenue beat.
Levi Strauss (LEVI 19.92, +0.51): +2.6% after beating top and bottom-line estimates.
CDK Global (CDK 54.25, +5.26): +10.7% after agreeing to be acquired by Brookfield Business Partners (BBU 27.75, +0.04, +0.1%) for $54.87/share in cash, implying a total enterprise value of $8.3 billion.
Reviewing overnight developments: