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Stocks to Watch Tuesday: Alibaba, Coinbase, SoftBank, Super Micro -- WSJ

Dow Jones12-17

By Chelsey Dulaney

Coinbase $(COIN)$, Mara Holdings $(MARA)$ and MicroStrategy $(MSTR.AU)$: The crypto-linked stocks rose premarket alongside bitcoin prices, which have topped $107,000 amid optimism about the president-elect's agenda.

SoftBank Group (JP:9984): Shares rose 4.4% in Tokyo after CEO Masayoshi Son and Donald Trump jointly announced that the Japanese internet and telecom company plans to invest at least $100 billion in U.S. projects over the next four years.

Super Micro Computer $(SMCI)$: Shares of the embattled AI server company were on track to extend a selloff that followed the news it will be removed from the Nasdaq-100. The stock lost 2% premarket, following Monday's 8% slide.

Amentum $(AMTM)$: Shares of the advanced engineering and tech company rose premarket after it swung to a quarterly profit.

Alibaba (BABA, HK:9988): The Chinese tech company said it expects to take a loss of more than $1 billion on the sale of its department-store chain Intime. Shares fell about 1% in Hong Kong.

Carlsberg (DK:CARL.A) The Danish brewer said it had received U.K. and European Union regulatory approval for its $4.2 billion takeover of U.K. soft-drinks company Britvic (UK:BVIC). Carlsberg series B shares fell around 1% in Europe, while Britvic stock edged higher.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 17, 2024 04:59 ET (09:59 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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