Weekly Winners | Intel Soars 23%; UnitedHealth Surges 21%; Sea Jumps 20%; Reddit up 14%

Tiger Newspress
Aug 17

This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.

Below are the top 10 gainers for US stocks with market caps above $20B for the week ended Aug. 15:

Trump Administration Said to Discuss US Taking Stake in Intel

The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.

A deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.

Warren Buffett’s Berkshire Hathaway Reveals New Stake in Beleaguered Insurer UnitedHealth

Warren Buffett’s  Berkshire Hathaway  revealed a new stake in troubled insurer  UnitedHealth  last quarter, according to a regulatory filing, a surprising buy because of the company’s current reputation, but perhaps not considering his history of bargain investing.

The Omaha, Nebraska-based conglomerate purchased more than 5 million shares in theSea Stock Surges As E-Commerce Player Posts Best Sales Growth In Years health-care firm for a stake worth about $1.6 billion at the end of June. The stake puts it as the 18th-biggest position in the Berkshire portfolio behind Amazon and Constellation Brands, according to VerityData.

Sea Stock Surges As E-Commerce Player Posts Best Sales Growth In Years

Sea Ltd stock jumped Tuesday after the Southeast Asia e-commerce market leader reported its strongest sales growth since early 2022, topping Wall Street forecasts.

The parent company of the Shopee e-commerce platform reported a 38% increase in revenue to $5.26 billion, better than analyst estimates of $4.96 billion. E-commerce sales increased 34% to $3.8 billion.

Tencent Music Stock Shines After Results Topper as Efforts to Expand Services Pay off

Shares of Tencent Music rose on Tuesday after it posted a top- and bottom-line beat in its second-quarter earnings report.

The Shenzhen-based company, dubbed as the "Spotify of China," saw revenue jump nearly 18% to RMB 8.44B, much higher than the average analyst estimate of RMB 7.96B, as per data compiled by LSEG.

Tencent said its music subscription business was the core growth driver during the quarter, and its expanding suite of music-related services—including advertising, concerts, and artist merchandise—showed "impressive momentum."

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