2017-02-26 22:24:22 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. As the mobile industry descends on Barcelona ahead of this week's Mobile World Congress 2017, several of the biggest names in the space held events announcing their latest smartphones and wireless technologies. Among notable mentions, Samsung (SSNLF) showcased a pair of tablets while teasing a March 29 reveal of its next major phone, China's Huawei and Korea's LG debuted high-end handsets of their own, and a group of companies including AT&T (T), Qualcomm (QCOM) and Intel (INTC) committed to accelerate development of 5G wireless standards. 2. In his annual letter to Berkshire Hathaway (BRK.A) shareholders released alongside the company's 2016 report, Warren Buffett mused on the state of the business, Wall Street, and the United States. The famed investor reiterated both his criticism of the wealth management industry and his optimism toward "America's economic dynamism," with pointed praise going to a "tide of talented and ambitious immigrants." 3. After agreeing last March to merge with Deutsche Boerse (DBOEY), the London Stock Exchange warned this weekend it has refused to satisfy renewed demands from European antitrust regulators and that they are therefore "unlikely" to approve the deal, potential marking an end to a merger process that had been complicated by the U.K.'s Brexit process. 4. Comcast (CMCSA) comedy horror "Get Out" won this weekend's box office with a better than expected $30.5M. More surprises could be in store for tonight's 89th Academy Awards, though Lionsgate's (LGF) "La La Land" is widely considered the favorite for the show's "Best Picture" award. 5. Grupo Televisa (TV), Transocean (RIG), Global Payments (GPN), Axalta Coating (AXTA) and Snap (SNAP) saw positive calls in Barron's, while Harley-Davidson (HOG), Boston Beer (SAM) and Seagate (STX) were discussed more negatively. | |
---|