Latest news for AFC Ajax (OTC:AFCJF) Stock

AFC Ajax NV operates a football club. It also owns and operates a football stadium. The company through its online shop offers items such as football kits and training items. It derives revenue from selling television and merchandising rights and advertising.

News

Penny Stocks

Small Cap

Sports

Movers

Trading Ideas

General

AFCJF

BATRA

BORUF

JVTSF

MANU

MSGS

TSLA

English Premier League team Manchester United (NYSE: MANU) is widely recognized as one of the top football — or soccer — teams in the world. The owners could be ready to sell and public shareholders could win big.

Here&#39;s How Much Manchester United Stock Could Be Worth In Potential Sale

TWTR

The world’s richest person created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world.

Elon Musk Is Not Buying Manchester United But The Team Could Still Be For Sale

AFC Ajax NV

The Company is a closed-end, registered fund that will trade on the New York Stock Exchange under the ticker &quot;PDCC.&quot; The offering is expected to close on&nbsp;July 19, 2024, subject to customary closing conditions.
The Company intends to use the proceeds from the capital raised to build a diversified portfolio of senior secured U.S. corporate loans through investments in equity tranches of collateralized loan obligations (CLOs).

IPOs

Pearl Diver Credit Company Reports Pricing Of Its Upsized IPO Of 2.2M Shares At $20 Per Share

Former President Donald Trump previously tried to ban TikTok, but had a reversal of opinion on the Chinese-owned app as a potential <a href="https://www.benzinga.com/markets/equities/24/06/39470496/joe-bidens-tiktok-ban-could-adversely-impact-oracles-revenue-and-profit-tech-giant-warns">U.S. ban is nearing.</a>
What Happened: In a recent interview, Trump said that big technology companies like Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)- owned Facebook and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)-owned Google and YouTube have become too big and too powerful, something that <a href="https://www.benzinga.com/topic/tiktok">supports having TikTok</a> around for competition.
"I think they're having a huge negative impact on especially young people," Trump said of big technology companies in an interview with <a href="https://www.bloomberg.com/features/2024-trump-interview-transcript/?embedded-checkout=true&amp;sref=TBDibEcD">Bloomberg</a>.
Trump said TikTok is "very powerful."
Asked about a reversal on wanting to ban TikTok, Trump shares his opinion on the need for competition to big technology companies.
"I'm for TikTok because you need competition. If you don't have TikTok, you have Facebook and Instagram, and that's, you know, that's Zuckerberg."
Trump recalled Meta Platforms CEO Mark Zuckerberg banning him from Facebook and Instagram in the interview.
"I went from being No. 1 to having nobody."
Trump had a two-year ban from Facebook and Instagram after the Jan. 6, 2021, attack on the U.S. Capitol over concerns of civil unrest. Trump <a href="https://www.benzinga.com/news/23/02/30848473/trumps-back-on-facebook-and-instagram-for-real">was welcomed back</a> to the platforms in 2023 and recently saw all restrictions lifted.
The former president has also been welcomed back on social media platform X, formerly known as Twitter. While Trump prefers to post on his own social media platform Truth Social, which is owned by Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), he often uses Facebook to communicate with his followers.
Read Also: <a href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu">Meta Removes &#8216;Heightened Penalties&#8217; On Donald Trump&#8217;s Accounts A Day After Ex-President Threatens To Put Mark Zuckerberg In Jail</a>
Why It's Important: Trump <a href="https://www.benzinga.com/news/24/03/37572294/donald-trump-is-against-tiktok-ban-because-it-would-help-facebook-and-zuckerschmuck-double-their-bus">previously said he</a> is against a ban on TikTok in the U.S. as it could prove advantageous to Facebook and Zuckerberg.
"If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump previously said.
Trump said he doesn't want Facebook to do better as he alleged the company cheated in the 2020 election.
"They are a true Enemy of the People!"
Trump has shown strong opposition to Zuckerberg in recent months. The former president specifically named Zuckerberg as an "election fraudster" who he could<a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca"> put in prison</a> if he is elected to the White House.
"They have no shame! All I can say is that if I'm elected President, we will pursue Election Fraudsters at levels never seen before, and they will be sent to prison for long periods of time."
Trump's negativity towards Zuckerberg dates <a href="https://www.benzinga.com/general/social-media/24/04/38152630/if-you-invested-1-000-in-meta-platforms-stock-when-donald-trump-said-facebook-was-always-ant">back several years</a> with the former president accusing Facebook of always being "anti-Trump."
In April, Congress and President Joe Biden signed legislation to force a sale of the U.S. arm of ByteDance-owned TikTok or see the app banned in America.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38368049/trump-reverses-tiktok-ban-stance-accuses-biden-of-favoring-zuckerbergs-meta-doing-it-to-help-faceboo">Trump Reverses TikTok Ban Stance, Accuses Biden Of Favoring Zuckerberg&#8217;s Meta: &#8216;Doing It To Help Facebook Friends Get Richer&#8217;</a></li>
</ul>
Photos: Shutterstock

Social Media

Politics

GOOG

GOOGL

Trump 'For TikTok,' Competition To Mark Zuckerberg: 'If You Don't Have TikTok, You Have Facebook And Instagram'

This expansion will add 1.3 million premium seats annually to mainline fleet,&nbsp;providing guests with even more opportunities to upgrade to a premium experience.

Alaska Airlines To Begin Rolling Out Additional First Class And Premium Class Seating Across More Than 200 Of Its Aircraft

Governor Ron DeSantis went there at the<a href="https://www.benzinga.com/topic/rnc"> Republican National Convention</a> (RNC) in Milwaukee on Wednesday: He used his platform to rail against Florida's upcoming vote to <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d" target="_blank" rel="noreferrer noopener">legalize recreational marijuana</a> telling his comrades that if weed is legalized, people will be able to possess practically limitless amounts of the stuff.    
"It gives you a limitless constitutional right to possess and smoke. I think it's up to like, what, 40 joints, is that the three ounces would be 40? More than that, 80 joints. Something like that," he said. 
In fact, he noted that if the cannabis legalization ballot wins, marijuana rights will surpass the constitutional guarantees of the First and Second Amendments concerning free speech and gun ownership, respectively. And that&#8217;s a statement he&#8217;s already made in the past.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39492507/desantis-says-cannabis-legalization-amendment-will-protect-weed-rights-better-than-1st-2nd-amend">DeSantis Says Cannabis Legalization Amendment Will Protect Weed Rights Better Than 1st, 2nd Amendments Protect Free Speech, Gun Rights</a>
<h2 class="wp-block-heading">Counting Joints</h2>
The language in the legalization initiative, known as Amendment 3, would allow people to possess three ounces of flower or five grams of concentrate, which translates to roughly 27 joints per ounce according to the Governor's math.
"I think you're going to see people, you will be able to bring 20 joints to an elementary school. Is that really going to be good for the state of Florida? I don't think so," DeSantis <a href="https://www.benzinga.com/markets/cannabis/24/06/39311053/desantis-blasts-cannabis-legalization-amendment-says-people-will-be-able-to-bring-20-joints-to-a">said</a> in June.
The governor has issued similar warnings about the dangers of cannabis legalization, but the number of joints he references seems to increase with each tirade, noted Florida Politics, which first <a href="https://floridapolitics.com/archives/684696-ron-desantis-now-says-weed-legalization-would-let-people-have-80-joints-at-a-time/">reported</a> this story from the RNC.
<h2 class="wp-block-heading">Smoky Restaurants</h2>
DeSantis went on to paint a scenario of unchecked public weed consumption, including in private businesses such as restaurants, which he claimed would be difficult to regulate due to the amendment&#8217;s broad language.
"I think you're talking about going downtown somewhere, going to restaurants, all this —you are going to see this. And law enforcement's not going to want to police it at all," he said. "I've had some restaurant guys [say], ‘Well, I won't let them use it in my restaurant,&#8217;" DeSantis continued. "Well, I'm not sure you're going to be able to do that, given how broad it is."
DeSantis also repeated a <a href="https://www.benzinga.com/markets/cannabis/24/06/39346531/desantis-cant-get-past-the-odor-of-weed-to-smell-the-flowers-specifically-430m-annually-in-canna">complaint</a> that seems to have become the bane of his existence: the smell.
"You go to places like Denver. It smells like marijuana," he told the crowd. "It's not been good for quality of life. So that's just the reality. We've seen in in practice in a lot of places. It hasn't delivered what they said it would deliver."
During his speech, DeSantis also linked marijuana legalization with another initiative, Amendment 2, on expanding abortion access. He called on Florida Republicans assembled in Milwaukee to oppose both measures in order to maintain conservative values. 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39760907/ron-desantis-floridas-gop-and-hemp-industry-pile-on-to-defeat-marijuana-legalization">Ron DeSantis, Florida&#8217;s GOP And Hemp Industry Pile On To Defeat Marijuana Legalization</a></li>
</ul>
Photo: Benzinga edit with images by&nbsp;<a href="https://en.wikipedia.org/wiki/Ron_DeSantis#/media/File:Ron_DeSantis-crop.jpg" target="_blank" rel="noreferrer noopener">Wikimedia Commons&nbsp;</a>and&nbsp;<a href="https://www.pexels.com/photo/close-up-photo-of-cannabis-plant-7667883/" target="_blank" rel="noreferrer noopener">Kindel Media</a>&nbsp;on Pexels

Cannabis

Government

Regulations

Events

LASE

Ron DeSantis Blasts Florida's Cannabis Legalization Ballot At RNC: It Would Allow '80 Joints' A Day, Affecting Free Speech And Gun Rights

Earnings

TIRX

TIAN RUIXIANG Holdings Reports FY23 EPS Of $(3.87) Vs $(9.03) Last Year; Revenue Decrease By 8.0% To $1.2M

Wells Fargo analyst Mike Mayo maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Overweight and raises the price target from $91 to $98.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on State Street, Raises Price Target to $98

Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) shares are trading higher Wednesday. Capital One aims to acquire Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), which reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39826835/discover-reports-better-than-expected-q2-results-heres-the-details">second-quarter results after the bell.</a> 
The Details: Discover shares are trading higher after the company reported GAAP earnings of $6.06 per share, beating the estimate of $3.07 per share, and quarterly Net Interest Income (NII) of $3.524 billion.
Additionally, Capital One announced a <a href="https://www.benzinga.com/pressreleases/24/07/b39815404/capital-one-announces-five-year-265-billion-community-benefits-plan-in-connection-with-discover-ac">community benefits plan</a> Wednesday that commits more than $265 billion in lending, investment and philanthropy over five years as part of its <a href="https://www.benzinga.com/m-a/24/02/37204534/capital-one-set-to-acquire-discover-in-landmark-35-3b-deal">proposed acquisition</a> of Discover. 
Capital One said the plan is twice as large as any other community commitment developed in connection with a bank acquisition and demonstrates that the combination of Capital One and Discover will create an opportunity to provide more lending, investment, and services to underserved communities than the institutions would undertake on a stand-alone basis.
Read Next:<a href="https://www.benzinga.com/news/24/07/39796841/lucids-stock-drives-higher-on-2025-model-year-updates-whats-going-on"> Lucid&#8217;s Stock Drives Higher On 2025 Model Year Updates: What&#8217;s Going On?</a>
&#8220;Our commitments to financial inclusion and well-being are core to who we are as a company,&#8221; said Richard Fairbank, CEO of Capital One.&nbsp;
&#8220;That comes to life in our product portfolio, which serves the full spectrum of American consumers, and in the investments we make in our communities. We have a long history of developing innovative ways to serve these core constituencies, and we are committed to ensuring, through this community benefits plan, that our acquisition of Discover builds on our history of positive impact.&#8221;&nbsp;
COF Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Capital One shares are up 3.16% after-hours at $154.20 at the time of publication Wednesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39805320/what-happened-with-canopy-growth-stock-today">What Happened With Canopy Growth Stock Today?</a></li>
</ul>
Image: Shutterstock

After-Hours Center

Why Capital One Stock Is Climbing

Opko Health Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPK#NASDAQ">OPK</a>) shares are trading higher after-hours Wednesday. The company announced it entered into a $250 million non-dilutive note purchase <a href="https://www.benzinga.com/pressreleases/24/07/g39825467/opko-health-and-healthcare-royalty-enter-into-250-million-note-purchase-agreement-secured-by-ngenl">agreement with HealthCare Royalty (HCRx). </a>
The Details: Opko said the purchase agreement is secured by its profit share payments from Pfizer received pursuant to its license agreement relating to NGENLA, a once-weekly treatment to treat pediatric growth hormone deficiency. 
The $250 million note issued under the Note Purchase Agreement bears interest at the 3-month Secured Overnight Financing Rate (SOFR) subject to a 4% per annum floor, plus 7.5% per annum. The note has a final maturity date of July 2044 with the first four years requiring interest-only payments.
Read Next:<a href="https://www.benzinga.com/news/24/07/39796841/lucids-stock-drives-higher-on-2025-model-year-updates-whats-going-on"> Lucid&#8217;s Stock Drives Higher On 2025 Model Year Updates: What&#8217;s Going On?</a>
&#8220;This transaction with HCRx allows OPKO to retain a significant portion of NGENLA&#8217;s profit share payments in the near term and provides upside over the long term. It also permits OPKO to maintain the full benefit of the $100 million of remaining potential milestone payments from Pfizer,&#8221; said Phillip Frost, M.D., CEO of Opko.
&#8220;Additionally, it provides non-dilutive capital and financial flexibility to advance our research and development activities including our multispecific antibody programs, as well as potentially to repurchase shares of our common stock and convertible notes."
OPK Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Opko Health shares are up 7.07% after-hours at $1.52 at the time of publication Wednesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39805320/what-happened-with-canopy-growth-stock-today">What Happened With Canopy Growth Stock Today?</a></li>
</ul>
Image: Shutterstock

Health Care

Why Opko Health Shares Are Up After-Hours

Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) has outperformed the market over the past 20 years by 5.96% on an annualized basis producing an average annual return of 14.47%. Currently, Parker Hannifin has a market capitalization of $71.72 billion. 
Buying $100 In PH: If an investor had bought $100 of PH stock 20 years ago, it would be worth $1,497.16 today based on a price of $557.94 for PH at the time of writing.
<h3>Parker Hannifin's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721251823_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,500 Today

Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) has outperformed the market over the past 15 years by 13.08% on an annualized basis producing an average annual return of 25.38%. Currently, Cintas has a market capitalization of $73.03 billion. 
Buying $100 In CTAS: If an investor had bought $100 of CTAS stock 15 years ago, it would be worth $3,060.29 today based on a price of $719.78 for CTAS at the time of writing.
<h3>Cintas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721251818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTAS

Here's How Much $100 Invested In Cintas 15 Years Ago Would Be Worth Today

Scotiabank analyst Tristan Richardson maintains Williams Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) with a Sector Perform and raises the price target from $40 to $43.

Scotiabank Maintains Sector Perform on Williams Companies, Raises Price Target to $43

Chuy&#8217;s Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) shares are popping in Wednesday&#8217;s after-hours session after the company and Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) jointly announced that Darden will <a href="https://www.benzinga.com/pressreleases/24/07/n39825112/darden-restaurants-to-acquire-chuys-holdings-inc-in-approximately-605-million-transaction">acquire Chuy&#8217;s Holdings</a>.
What Happened: Chuy&#8217;s Holdings and Darden&nbsp;entered into a definitive agreement in which Darden will acquire all of Chuy&#8217;s outstanding stock for&nbsp;$37.50&nbsp;per share in cash. The all-cash transaction has an enterprise value of approximately&nbsp;$605 million.&nbsp;
&#8220;Chuy&#8217;s is a differentiated brand within the full-service dining industry with strong performance and growth potential,&#8221; said Rick Cardenas, president&nbsp;and CEO of Darden. &#8220;Based on our criteria for adding a brand to the Darden portfolio, we believe Chuy&#8217;s is an excellent fit that supports our winning strategy.&#8221;
The transaction was unanimously approved by both boards and is expected to be completed in Darden&#8217;s fiscal second quarter. Darn expects the acquisition to be neutral to its net earnings per share for fiscal 2025.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39821442/netflix-q2-earnings-preview-can-ad-supported-growth-new-releases-sustain-investor-h">Netflix Q2 Earnings Preview: Can Ad-Supported Growth, New Releases Sustain Investor Hype?</a>
Chuy&#8217;s owns and operates full-service restaurants serving a distinct menu of authentic, made-from-scratch Tex-Mex-inspired dishes. The restaurant brand will join Darden&#8217;s existing lineup, which includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth&#8217;s Chris Steak House, Cheddar&#8217;s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V&#8217;s and Bahama Breeze.
CHUY Price Action: <a href="https://www.benzinga.com/quote/CHUY">Chuy&#8217;s shares</a> were up 47.41% after hours at $37.25 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://www.flickr.com/photos/jdhancock/">JD Hancock</a> from Flickr.

Restaurants

CHUY

Chuy's Holdings Stock Soars On Darden Takeover Deal: What You Need To Know

Alaska Air's Operational Update: Says It Reached Tentative Agreement With Mainline Flight Attendants; Voting On The Agreement Is Expected To Conclude By Mid-August

MSOS

The Trump Card: How Would His Second Term Treat Cannabis?

Scotiabank analyst Tristan Richardson maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Sector Perform and raises the price target from $19 to $21.

Scotiabank Maintains Sector Perform on Kinder Morgan, Raises Price Target to $21

Scotiabank analyst Tristan Richardson maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Sector Outperform and raises the price target from $128 to $142.

TRGP

Scotiabank Maintains Sector Outperform on Targa Resources, Raises Price Target to $142

Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) reported quarterly earnings of $2.55 per share which beat the analyst consensus estimate of $2.39 by 6.69 percent. This is a 15 percent decrease over earnings of $3.00 per share from the same period last year. The company reported quarterly sales of $2.897 billion which missed the analyst consensus estimate of $2.945 billion by 1.62 percent. This is a 2.08 percent increase over sales of $2.838 billion the same period last year.

Earnings Beats

Earnings Misses

Alaska Air Q2 2024 Adj EPS $2.55 Beats $2.39 Estimate, Sales $2.897B Miss $2.945B Estimate

Scotiabank analyst Andres Coello maintains America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) with a Sector Perform and lowers the price target from $19 to $18.9.

Scotiabank Maintains Sector Perform on America Movil, Lowers Price Target to $18.9

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares closed slightly higher Wednesday amid a tumultuous trading day <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-">for the semiconductor sector. </a>
<h1 class="wp-block-heading">What To Know</h1>
Semiconductor stocks moved lower Wednesday as investors digested a report about the expansion of export restrictions and ASML Holding NV&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) earnings release and forward guidance. 
ASML shares fell more than 12% on the session after the company reported <a href="https://www.benzinga.com/news/earnings/24/07/39808860/asml-beats-q2-earnings-expectations-with-strong-china-sales-ai-chip-demand">second-quarter numbers</a> that were lower than the same period in the previous year and guided quarterly gross margin in the range of 50% to 51% versus expectations of 51.1%.
Investors also mulled a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-17/us-considers-tougher-trade-rules-against-companies-in-chip-crackdown-on-china">report</a> that the Biden administration is considering imposing the most severe trade restrictions on China if companies continue giving the country access to advanced semiconductor technology.
Additionally, former President Donald Trump said Taiwan should pay the U.S. for its defense, casting more doubt on the stability of the region. 
&#8220;I know the people very well, respect them greatly. They did take about 100% of our chip business. I think, Taiwan should pay us for defense,&#8221; Trump said in the Bloomberg Businessweek interview, published Tuesday.
Read Next:<a href="https://www.benzinga.com/news/24/07/39796841/lucids-stock-drives-higher-on-2025-model-year-updates-whats-going-on"> Lucid&#8217;s Stock Drives Higher On 2025 Model Year Updates: What&#8217;s Going On?</a>
Investors may view Intel as a safer option, compared to peers including Taiwan Semiconductor Manufacturing Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which depend on Taiwan for manufacturing. Intel <a href="https://www.intel.com/content/www/us/en/corporate/usa-chipmaking/home.html">said it expects </a>to invest more than $100 billion in the U.S. to expand its manufacturing capacity and capabilities in Arizona, New Mexico, Oregon and Ohio with support from the CHIPS act. 
Intel is set to report its second-quarter results on Aug. 1 after the closing bell. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of 10 cents per share and quarterly revenue of $12.948 billion.
<h1 class="wp-block-heading">INTC Stock Prediction 2024</h1>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Intel have an average 1-year price target of $34.86, representing an expected upside of 1.51%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. Four analysts have bearish recommendations on Intel, while one analyst has bullish ratings. The street high price target from Mizuho is $45, while the street low from Rosenblatt is $17.
INTC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intel Corporation ended Wednesday's session up 0.35% at $34.46.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39805320/what-happened-with-canopy-growth-stock-today">What Happened With Canopy Growth Stock Today?</a></li>
</ul>
Image: Shutterstock

Global

Tech

ASML

INTC

NVDA

What Happened With Intel Stock Today?

Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.49 by 6.12 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $254.596 million which beat the analyst consensus estimate of $247.208 million by 2.99 percent. This is a 0.99 percent decrease over sales of $257.152 million the same period last year.

HOMB

Home BancShares Q2 2024 Adj EPS $0.52 Beats $0.49 Estimate, Sales $254.596M Beat $247.208M Estimate

AFC Ajax

English Premier League team Manchester United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) is widely recognized as one of the top football &mdash; or soccer &mdash;&nbsp;teams in the world. The owners could be ready to sell and public shareholders could win big.

What Happened: After years of upset fans and calls to sell the team, the Glazer family is ready to hear offers. Earlier this year, the team saw shares spike when linked to a joking tweet by Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/22/08/28536530/elon-musk-is-not-buying-manchester-united-but-the-team-could-still-be-for-sale">CEO Elon Musk.</a>

Manchester United <a href="https://www.manutd.com/en/news/detail/man-utd-announces-process-to-explore-strategic-alternatives-to-enhance-club-growth">announced </a>Tuesday the team&rsquo;s board of directors&nbsp;is &ldquo;exploring strategic alternatives for the club.&rdquo; The team said the sale exploration process is being done to position the team for future growth opportunities on and off the field.

&ldquo;As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company,&rdquo; the team said.

The release from the team credited a global following of 1.1 billion fans as a strength of Manchester United.

&ldquo;Throughout this process we will remain fully focused on serving the best interest of our fans, shareholders and various stakeholders.&rdquo;

Manchester United has obtained The Raine Group as its financial advisor on any potential deal. The team said the process does not guarantee that a sale or investment will take place.

The official statement from the team follows rumors over the years of the Glazer family being ready to sell.

One of the interested parties in a potential Manchester United sale is Sir Jim Ratcliffe, a lifelong fan of the team who has <a href="https://www.mirror.co.uk/sport/football/news/man-utd-jim-ratcliffe-takeover-28560649">been </a>trying to buy a soccer team in recent years. Ratcliffe, who is the United Kingdom&rsquo;s richest person and worth $16.3 billion, previously tried to buy Chelsea, which also used The Raine Group in the sale process.

Michael Knighton has also been linked to a potential bid for the team.

Manchester United launched a Fans&rsquo; Advisory Board and <a href="https://www.benzinga.com/news/21/11/24109377/could-manchester-united-increase-valuation-with-offering-fans-more-shares-or-selling-the-team">announced discussions of selling shares</a> to the Manchester United Supporters Trust in 2021, two moves seen as precursors to offer ownership to fans.

Related Link: <a href="https://www.benzinga.com/general/entertainment/22/11/29829142/cristiano-ronaldo-leaves-manchester-united-after-scoring-145-goals-in-346-appearances">Cristiano Ronaldo Leaves Manchester United After Scoring 145 Goals In 346 Appearances&nbsp;</a>

The Potential Sale Price: Manchester United went public on the New York Stock Exchange in 2012 with an offering at $14 per share. Shares hit an all-time high of around $25 back in 2018 and have traded mainly between the $15 and $20 price window over the last five years.

Manchester United correspondent for GOAL James Robson previously said the Glazer family could be looking for $7.23 billion in a sale&nbsp;given the sale price of Chelsea. The most recent <a href="https://www.forbes.com/sites/mikeozanian/2022/05/26/the-worlds-most-valuable-soccer-teams-2022-real-madrid-worth-51-billion-back-on-top/">Forbes </a>team valuations saw Manchester United ranking third behind the $5.1-billion valuations for Real Madrid and Barcelona. There is a chance that the Glazer family will look to see a higher valuation in a sale.

To look at what the team could fetch in a sale, we looked at the team&rsquo;s valuation from leading publications and recent sports teams sales.

Manchester United was valued at $4.6 billion and $4.7 billion by Forbes and <a href="https://www.sportico.com/valuations/teams/2021/premier-league-team-values-manchester-united-1234630145/">Sportico,&nbsp;</a>respectively.

One of the recent English Premier League sales was Chelsea&#39;s&nbsp;<a href="https://www.si.com/soccer/2022/05/30/chelsea-sale-made-official-todd-boehly-roman-abramovich">sale&nbsp;</a>to Todd Boehly for $3.2 billion, one of the largest such deals.&nbsp;

Chelsea was previously valued at $3.2 billion and $3.4 billion by Forbes and Sportico, respectively, prior to the sale.

Burnley was <a href="https://www.bloomberg.com/news/articles/2021-01-07/english-premier-league-team-s-sale-comes-with-a-financial-twist?sref=TBDibEcD">sold </a>in 2021 for $271.1 million after being valued by Sportico for $180 million. The sale has since proved controversial but saw the EPL team sold for more than its published valuation.

Manchester City <a href="https://www.nytimes.com/2019/11/27/sports/manchester-city-silver-lake.html">sold </a>a 10% stake in the team to Silver Lake Partners in 2020 valuing the team at $4.8 billion. The team was valued at $2.69 billion prior to the partial sale and is now valued at $4 billion and $4.2 billion by Sportico and Forbes, respectively.

EPL giant Liverpool, which is <a href="https://www.benzinga.com/news/21/12/24392312/lebron-james-now-owns-part-of-the-pittsburgh-penguins">partially owned by </a><a href="https://www.benzinga.com/news/21/12/24392312/lebron-james-now-owns-part-of-the-pittsburgh-penguins">LeBron James</a>, is also <a href="https://www.dailymail.co.uk/sport/sportsnews/article-11462149/Manchester-United-believe-snatch-potential-buyers-Liverpool.html">exploring </a>a sale and could see a race to command top dollar and lure bidders based on fan base and field performance.

Outside of soccer, the National Football League&rsquo;s Denver Broncos were sold for $4.65 billion to an ownership group that included Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) heir Rob Walton.

The sale is the largest sports team sale ever by dollar value. The Broncos were valued at $3.75 billion last year prior to the sale.

Taking all factors into consideration, Chelsea sold for around a 1x multiple of team valuations, Burnley sold for a 1.5x multiple, Manchester City sold for a 1.78x multiple and the Denver Broncos sold for a 1.24x multiple of the team valuation calculations.

Based on the multiples, Manchester United could sell for a range of $4.65 billion and $8.28 billion. With the team rumored to be seeking over $7 billion, the asking price could fit into the higher end of the range to get a deal done.

Manchester United is valued with a market capitalization of $2.1 billion and an enterprise of $2.76 billion. A sale at $4.65 billion would add $1.89 billion to the enterprise value and be 68% higher than the current share price. A sale at $8.28 billion would add $5.52 billion to the enterprise value and be 200% higher than the current share price.

A buyout of the team in these scenarios would see Manchester United shares worth $29.38 to $34.98 each.

A sale of Manchester United could lead to interest in other public sports teams. Several soccer teams trade OTC, including Juventus FC (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JVTSF#OTC">JVTSF</a>), Borussia Dortmund (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BORUF#OTC">BORUF</a>) and AFC Ajax (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AFCJF#OTC">AFCJF</a>).

A high multiple in a sale process for Manchester United could also spark interest in <a href="https://www.benzinga.com/news/22/06/27612343/you-cant-buy-an-nfl-team-like-the-denver-broncos-but-you-can-buy-these-10-public-sports-teams-and-le">publicly traded companies</a> that own sports teams including Liberty Braves Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BATRA#NASDAQ">BATRA</a>), Madison Square Garden Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>), Rogers Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>), Bell Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCE#NYSE">BCE</a>) and Blue Owl Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>).

Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29702018/manchester-united-digital-collectibles-nfts-coming-soon-here-are-the-details">Manchester United Digital Collectibles (NFTs) Coming Soon: Here Are The Details&nbsp;</a>

Photo via Shutterstock.

Here's How Much Manchester United Stock Could Be Worth In Potential Sale

The <a href="https://www.forbes.com/sites/elizahaverstock/2021/10/26/elon-musk-nearing-300-billion-fortune-is-the-richest-person-in-history/">world&rsquo;s richest person</a> created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world.

What Happened: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk <a href="https://www.benzinga.com/news/22/08/28528194/elon-musk-says-hes-buying-manchester-united-and-youre-welcome">suggested </a>on Twitter Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWTR#NYSE">TWTR</a>) Tuesday night that he could be buying English Premier League team Manchester United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>).

The team is one of a handful of professional sports teams that are publicly traded.

While Musk later clarified that he was joking, investors could have the last laugh with rumors of a sale heating up once again.

Meanwhile, Musk did show some love for Manchester United:

<blockquote class="twitter-tweet">
No, this is a long-running joke on Twitter. I&#39;m not buying any sports teams.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1559760618537848832?ref_src=twsrc%5Etfw">August 17, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

&ldquo;Although, if it were any team, it would be Man U. They were my fav team as a kid,&rdquo; Musk <a href="https://twitter.com/elonmusk/status/1559691922725281800">tweeted</a>.

<blockquote class="twitter-tweet">
What if? <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://t.co/X2bRiecGcG">pic.twitter.com/X2bRiecGcG</a>
&mdash; utdreport (@utdreport) <a href="https://twitter.com/utdreport/status/1559889236437901312?ref_src=twsrc%5Etfw">August 17, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The tweet wasn&rsquo;t the first time Musk has joked about buying a public company with a tweet. Earlier this year, he <a href="https://www.benzinga.com/news/22/04/26858885/elon-musk-tweets-wants-to-buy-coca-cola-to-add-cocaine-admits-cant-work-miracles-on-mcdonalds-ice-cr">suggested </a>he would buy Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>).

Musk, who is <a href="https://www.bloomberg.com/billionaires/">worth </a>$267 billion, has no interest in acquiring a sports team at this time, unlike some other wealthiest people. Coincidentally enough, Musk was <a href="https://www.benzinga.com/news/21/10/23674654/elon-musks-wealth-has-increased-so-much-he-could-buy-every-mlb-nba-nfl-and-nhl-team">worth more </a>than all the MLB, NBA, NFL and NHL teams combined at one point in October 2021.

What&rsquo;s Next: Prior to Musk&rsquo;s tweet, rumors of a sale of Manchester United had started to circulate in the United Kingdom.

Agent Jon Smith <a href="https://twitter.com/utdreport/status/1559653756245090304">said </a>he believed Manchester United would be sold &ldquo;within the next 24 months. There are people circling,&rdquo; according to TalkSport.

Reporter Luca Bonaiti <a href="https://twitter.com/luca_bonaiti/status/1559886579786727424">tweeted </a>on August 9 that a sale could happen soon.

&ldquo;For the first time in 17 years, the Glazers are open to selling United if they fail to get UCL again this year since 2005 the Glazers have never been this open to selling before. Some people/groups are already &lsquo;very interested&rsquo; in buying the club,&rdquo; Bonaiti said, referencing the Glazer family that owns the team and has been reluctant to sell.&nbsp;

Manchester United correspondent for GOAL James Robson also <a href="https://twitter.com/jamesalanrobson/status/1559853404264042496">highlighted </a>a potential sale on Twitter.

&ldquo;I&rsquo;ve been told it would take around six billion British pounds to buy United. Chelsea were 4.25 billion British pounds with vastly smaller stadium and commercial appeal,&rdquo; Robson said.

Robson <a href="https://www.goal.com/en/lists/who-is-michael-knighton-headcase-manchester-united-glazers/blt93020c5ca6c596c3">shared </a>a GOAL story of Michael Knighton, who previously tried to buy the team and could be back in the picture again. Knighton said a new bid would come in higher than Chelsea&rsquo;s sale to Todd Boehly.

&ldquo;I&rsquo;ve got some good pledgers with good finance,&rdquo; Knighton said. &ldquo;We are now working on the offer document. It is a hostile bid.&rdquo;

Manchester United launched a Fans&rsquo; Advisory Board and announced discussions oof offering shares to the Manchester United Supporters Trust in 2021, two moves seen as precursors to offer ownership to fans.

Rumors of a Manchester United bid may have investors circling the stock and options. Unusual Whales <a href="https://twitter.com/unusual_whales/status/1559711105592840193">noted </a>some unusual options activity over the last several trading sessions.

Related Link: <a href="https://www.benzinga.com/news/21/11/24109377/could-manchester-united-increase-valuation-with-offering-fans-more-shares-or-selling-the-team">Could Manchester United Increase Valuation With Offering Fans More Shares Or Selling The Team&nbsp;</a>

Manchester United Valuation: A potential sale of Manchester United will be closely watched by soccer fans and investors alike. A sale could significantly increase the value of Manchester United shares, which went public in 2012 at $14 a share.

The company is valued at a market capitalization of $2.1 billion and an enterprise value of $2.7 billion.

Estimates from <a href="https://www.forbes.com/teams/manchester-united/?sh=1a05028a13f9">Forbes </a>and Sportico value Manchester United at $4.6 billion and $4.7 billion respectively.

Robson puts a potential sale price for Manchester United at 6 billion British pounds, or around $7.24 billion.

No matter how its sliced, a sale of Manchester United will likely come in above the share price and come closer to the Forbes and Sportico valuations or above.

EPL team Chelsea was recently <a href="https://www.espn.com/soccer/chelsea-engchelsea/story/4677672/roman-abramovich-has-sold-chelseabut-what-is-his-legacy-at-the-club-and-in-england">sold </a>to Todd Boehly for $3.2 billion marking the largest sports team sale ever. Chelsea was <a href="https://www.benzinga.com/news/22/03/25952055/russian-billionaire-roman-abramovich-to-sell-chelsea-fc-what-it-means-who-could-buy-it-and-3-stocks">valued </a>at $3.2 billion and $3.4 billion by Forbes and Sportico respectively prior to the sale.

Several other large soccer teams trade OTC including Juventus FC (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JVTSF#OTC">JVTSF</a>), Borussia Dortmund (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BORUF#OTC">BORUF</a>) and AFC Ajax (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AFCJF#OTC">AFCJF</a>). A sale of Manchester United could spark other sales of top teams in Europe.

Benzinga previously <a href="https://www.benzinga.com/news/earnings/22/03/25910665/manchester-united-shares-fall-on-earnings-how-champions-league-and-tezos-partnership-could-help-boo">reported </a>that a partnership with Tezos and a return to the Champions League were two items that could boost Manchester United&rsquo;s revenue and share price going forward. The team failed to qualify for the Champions League after falling to sixth place to end the 2021-2022 season.

The team is off to a rough start in the 2022-2023 EPL season losing its first two games, which has sparked further fan unrest and could expedite a sale.

MANU Price Action: Manchester United shares are up 1% to $12.94 at the time of writing. Shares spiked above $14 in pre-market trading Wednesday.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

AFC Ajax

News

Latest news for AFC Ajax (OTC:AFCJF) Stock

Wednesday, November 23, 2022

Wednesday, August 17, 2022