Uniti Group Stock (NASDAQ:UNIT), Trade Ideas

Uniti Group

Uniti is a REIT with about 140,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Windstream spun off a substantial portion of its network assets to form Uniti in 2015, and Uniti immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.

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Spirit Airlines Posts Weak Results, Joins Integra LifeSciences, Bowlero And Other Big Stocks Moving Lower On Monday

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Why Perficient Shares Are Trading Higher By Around 53%? Here Are 20 Stocks Moving In Monday&#39;s Mid-Day Session

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Uniti Group shares are trading lower by 11.2% during Monday&#39;s session. The company announced plans for a $300 million offering.

Why Uniti Group Shares Are Trading Lower

Uniti Group Inc

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William Blair analyst Andrew Nicholas initiates coverage on UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) with a Outperform rating.

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William Blair Initiates Coverage On UL Solutions with Outperform Rating

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Needham analyst Ami Fadia reiterates Intra-Cellular Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) with a Buy and maintains $90 price target.

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ITCI

Needham Reiterates Buy on Intra-Cellular Therapies, Maintains $90 Price Target

On Monday, May 6th,&nbsp;U.S.&nbsp;stock markets closed higher for the third consecutive session, fueled by increasing investor optimism about potential Federal Reserve interest rate cuts this year.
In economic data,&nbsp;U.S.&nbsp;employers added 175,000 nonfarm jobs in April, down from March&#8217;s revised 315,000 and below the expected 238,000. The unemployment rate rose to 3.9%, higher than the anticipated 3.8%.
Most S&amp;P 500 sectors closed higher, with the energy index leading the gains, partly driven by&nbsp;U.S.&nbsp;natural gas futures reaching their highest level in 14 weeks.
The Dow Jones Industrial Average gained 0.46% to close at 38,852.27. The S&amp;P 500 was up 1.03%, ending the day at 5,180.74, while the Nasdaq Composite rose 1.19%, finishing the session at 16,349.25.
­Asian Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 rose 1.47%, ending the session at 38,796.5, led by gains in the Power, Mining, and Insurance sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 index closed higher by 1.44% at 7,793.30, led by gains in the Utilities, Gold, and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 was down 0.64% at 22,300.00, and Nifty 500 was trading lower by 1.11% at 20,633.80.</li>
<li>China&#8217;s Shanghai Composite gained 0.22% to end the session at 3,147.74, and the Shenzhen CSI 300 rose 0.03%, closing at 3,659.01.</li>
<li>Hong Kong&#8217;s Hang Seng Index slipped 0.53%, concluding the day at 18,479.37.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.66%.</li>
<li>Germany&#8217;s DAX gained 0.71%.</li>
<li>France&#8217;s CAC rose 0.39%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 1.06%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.14% at $78.37/bbl, and Brent was down 0.19% at $83.17 bbl.</li>
<li>Oil prices stabilized Tuesday amid physical market weakness, contrasting with concerns over Middle East conflicts as ceasefire negotiations faltered and Israel intensified attacks in Gaza.</li>
<li>Natural Gas slid 0.41% to $2.186.</li>
<li>Gold was trading lower by 0.36% at $2,322.60, Silver fell 0.60% to $27.435, while Copper was down 0.92% at $4.5725.</li>
</ul>
US&nbsp;Futures at 06:00 AM ET&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
Dow futures were up 0.17%, S&amp;P 500 futures rose 0.04%, and Nasdaq 100 Futures declined 0.13%.
Forex at 06:00 AM ET
The&nbsp;U.S.&nbsp;dollar index gained 0.21% to 105.28, the USD/JPY rose 0.47% to 154.62, and the USD/AUD increased 0.40% to 1.5155.
Japan&#8217;s top currency diplomat, Masato Kanda, indicated that Tokyo is prepared to intervene in the foreign exchange market to stabilize the yen if speculative actions disrupt market functions.
Photo by Pavel Bobrovskiy via Shutterstock

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Asia Mixed, Europe Advances, Crude Trades Below $80 - Global Markets Today While Us Slept

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SBOW

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Truist Securities analyst William Stein maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and raises the price target from $93 to $96.