American Tower Corp [AMT] - Last Close: $194.63
American Tower Corp is trending on some new rumors.
The cell phone tower owner and operator is considering a bid for a stake in Vodafone's [VOD] $12.6 billion wireless towers unity, according to a Bloomberg report on Friday.
Vodafone is planning to sell about 82% of its stake in Germany-based Vantage Towers, and has invited bidders to participate in the auction. Bids are expected as soon as next week.
Bloomberg was unable to solicit a comment from either company, but the news is driving some activity in AMT.
AMT is this morning's leading S&P 500 stock, with a 3.0% gain.
My Take: AMT closed in the red on Friday, so it seems like the market isn't sure whether it entirely likes this news yet. This is a decent company, but it just fell through a key support level last week. If you like the stock, it might be prudent to wait until the selloff bottoms out.
Nutex Health [NUTX] - Last Close: $0.65
Nutex Health is moving higher after a corporate update.
The tech-focused healthcare services firm released a new corporate update early this morning, and investors liked what they saw.
Nutex reaffirmed that it expects to open 20 new facilities by the end of 2024, with locations planned for new states: Florida, Wisconsin, Ohio, and Idaho.
The facilities are either under construction or in the advanced planning stage.
Nutex also said it also formed two new independent practice associations in Houston and South Florida, and it has plans to launch 1-3 additional IPAs per year around its existing hospitals.
NUTX is one of this morning's top stocks with a 15.3% gain.
My Take: NUTX expansion push sounds promising. The new facilities could drive significant revenue growth and lift share prices. Healthcare is one of the more stable sectors in a recession, so this company could be set up for solid growth in the years ahead.
