Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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STOCKS TO WATCH: $ATVI $SQ $PI $UAA $DKNG 

Activision-Blizzard (ATVI) - Shares closed Wednesday's session down about 11% following news the UK's competition regulator said it would prevent the company's deal with Microsoft (MSFT). The regulator cited concerns with competition in the cloud-gaming space if the deal went through. A sell-side analyst who commented on the blockage Thursday morning revised the likelihood of the deal closing to just 10%.

 

Block (SQ) - The company will report quarterly results on Thursday of next week. Analysts expect earnings of $0.34 per share on sales of $4.6 billion.

 

Impinj (PI) - One of Thursday morning's biggest losers. The stock was down more than 30% following mixed quarterly results from the company. One analyst who covers the stock said the company's 62% year-over-year sales growth and sales guidance near the mid-40% range were "not enough" for bulls.

 

Under Armour (UAA) - Will report quarterly results in two Tuesdays, on May 9.

 

DraftKings (DKNG) - A DraftKings competitor in the online gambling space, Fanatics, was highlighted in a feature article on the Wall Street Journal homepage Thursday morning. The article, "Fanatics Bets on Its Fans to Win Sports-Gambling Race," laid out the business case for the advantages the company's 95 million customers offer. Shares of DraftKings did not respond to the article and potential concerns of competion.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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