Why Tesla, Qualcomm, NXP, and Three Other Stocks Are Trending Today

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Traders are watching SUPERVALU INC. (NYSE:SVU) today after Reuters reported that the PE firm Onex Corp is in pole position in the bidding for Save-A-Lot, a unit that Supervalu management is considering divesting to unlock value. Although the exact price offered by Onex is unclear, Reuters said that ‘sources have previously indicated that Save-A-Lot could be valued at as much as $1.8 billion’. Conan Laughlin‘s North Tide Capital inched up its stake in SUPERVALU INC. (NYSE:SVU) by 3% to over 24.5 million shares during the second quarter.

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Deutsche Bank AG (USA) (NYSE:DB)’s stock slid by 6% on Thursday, with part of the fall likely due to bond genius Jeffrey Gundlach telling prospective traders with itchy fingers to ‘stay away’ due to the difficulty in analyzing the company. Gundlach thinks there is a potential for a government bailout, and that ‘the market is going to push down Deutsche Bank until there is some recognition of support’. However, the stock has gained over 6.5% so far on Friday. Only 15 funds that we track amassed just 0.30% of Deutsche Bank AG (USA) (NYSE:DB)’s float on June 30.

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Disclosure: none

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