| 2017-06-18 20:55:15|
AMZN, WFM… 20:55 06/18 06/18/17
On The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Following news Friday that Amazon (AMZN) will acquire Whole Foods (WFM), Barron's highlighted the "staggering" implications of the deal for competing retailers and grocers such as Wal-Mart (WMT), Target (TGT) and Kroger (KR), while a source quoted by Bloomberg said the ecommerce giant could look to cut prices by, among other possible actions, pushing its own private-label products. 2. This week's Paris Air Show is already generating headlines for the major aircraft makers, including reports of multi-billion dollar orders and product unveils from Airbus (EADSY) and Boeing (BA). 3. Speciality materials and chemicals firm Celanese (CE) and private equity company Blackstone (BX) announced a joint venture to create global acetate tow supplier. 4. Disney (DIS) and Pixar's "Cars 3" topped this weekend's U.S. box offices while "Wonder Woman" from Time Warner (TWX) subsidiary Warner Bros. showed continued staying power. 5. General Electric (GE), Digital Realty (DLR), General Mills (GIS), Genesee & Wyoming (GWR), Rockwell Automation (ROK) and ABB (ABB), as well as banks such as JPMorgan (JPM) and Morgan Stanley (MS) and for-profit education stocks such as American Public Education (APEI), Adtalem (ATGE) and Grand Canyon Education (LOPE) saw positive mention in Barron's. The publication also argued that the rally in technology stocks will resume despite recent turbulence.
See Street Research during your Free Trial