News Formal

Stocks of golf equipment makers Acushnet and Topgolf Callaway rise again, as PGA-LIV merger makes golf more interesting

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Shares of golf equipment makers Acushnet Holdings Corp. and Topgolf Callaway Brands Corp. rallied for a second-straight day toward one-month highs Wednesday,...

Shares of golf equipment makers Acushnet Holdings Corp.

and Topgolf Callaway Brands Corp. rallied for a second-straight day toward one-month highs Wednesday, in the wake of the shock announcement that The PGA Tour, Europe’s DP World Tour and the Saudi Arabia-backed LIV Golf circuit have agreed to merge. The stocks have been rising because as Jefferies analyst Randal Konik said, the merger has made the game of golf a little more interesting. “The recent announcement has undoubtedly caught the golf industry by surprise,” Konik wrote in a note to clients.

and Topgolf Callaway Brands Corp. rallied for a second-straight day toward one-month highs Wednesday, in the wake of the shock announcement that The PGA Tour, Europe’s DP World Tour and the Saudi Arabia-backed LIV Golf circuit have agreed to merge. The stocks have been rising because as Jefferies analyst Randal Konik said, the merger has made the game of golf a little more interesting. “The recent announcement has undoubtedly caught the golf industry by surprise,” Konik wrote in a note to clients.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As tech companies take over the market again, don’t forget these bargain dividend stocksA screen of the S&P 500 highlights nine stocks with high dividend yields that appear well supported by free cash flow.
Source: MarketWatch - 🏆 3. / 97 Read more »

These retail stocks are cheap as the economy shows signs of strengthCNBC Pro screened the S&P 1,500 for retail stocks that are trading at a discount relative to the industry average.
Source: CNBC - 🏆 12. / 72 Read more »

Dow ends 200 points lower as stocks drop Monday after back-to-back gainsU.S. stocks closed lower on Monday, failing to extend robust gains from last week, as tech stocks pull back from 2023 highs. The Dow Jones Industrial Average fell about 200 points on Monday, or 0.6%, ending near 33,562:
Source: MarketWatch - 🏆 3. / 97 Read more »

A 16% earnings slump is set to derail the stocks rally: Morgan StanleyUS corporate earnings will slump 16% this year and that's going to derail the stock market rally, Morgan Stanley says
Source: BusinessInsider - 🏆 729. / 51 Read more »