Why General Electric, eBay, and Three Other Stocks Are in Spotlight

StubHub Wins a Major Deal

eBay Inc (NASDAQ:EBAY) is trending after its subsidiary StubHub struck a 6.5-year contract to resell tickets on its platform for the New York Yankees, replacing Live Nation Entertainment, Inc. (NYSE:LYV)‘s Ticketmaster. Although ESPN reported that the deal could net the Yankees $100 million, StubHub said the value of the deal is ‘definitely not that high’ and that the terms of the deal are based on revenue sharing. Given that the Yankees and StubHub previously bickered over ticket pricing, it seems that the current deal marks a detente of sorts for the two giants. A total of 57 funds from our database owned shares of eBay Inc (NASDAQ:EBAY) at the end of the first quarter, down by 15 funds from the previous quarter. Meanwhile, the number of funds with holdings in Live Nation Entertainment, Inc. (NYSE:LYV) inched up by one quarter-over-quarter to 38 in the same time period.

NextEra Energy in Lead Position on Utility Deal

According to Bloomberg, NextEra Energy Inc (NYSE:NEE) is in the pole position in terms of potentially acquiring Texas utility Oncor Electric Delivery Co. NextEra has submitted a competitive bid and is in negotiations to buy the utility with a mix of cash and debt that could amount to $17-$18 billion. At least six other companies have also expressed interest in the utility. At the end of March, 35 funds owned shares of NextEra Energy Inc (NYSE:NEE).

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