2017-07-23 20:01:55 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Private equity firm KKR (KKR) is nearing an all-cash deal to acquire WebMD (WBMD), a U.S. online health publisher with a market capitalization of $2.1B, according to Reuters, citing people familiar with the matter. The deal is expected to be announced by Monday, the sources said. 2. EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, such as BMW (BMWYY), Daimler AG (DDAIF) and Volkswagen (VLKAY), which could result in hefty fines for the companies, according to media reports. 3. Five years after Leucadia National (LUK) announced its merger with Jefferies Group, the combined company, and its shares, seem poised to prosper, Leslie Norton wrote in this week's edition of Barron's. Some investors believing its shares could be worth $30 or more, the publication noted. 4. Warner's (TWX) "Dunkirk" had a better than expected opening, with a $50.5M domestic debut. Overseas, the World War II film also impressed, earning $55.4M from its first 46 markets. Alongside strong reviews, Christopher Nolan's "Dunkirk" earned an A- CinemaScore from audiences, while holding a critics rating of 92% on Rotten Tomatoes. 5. Flex (FLEX), Nike (NKE), Facebook (FB), Intuitive Surgical (ISRG), Arista Networks (ANET), Boeing (BA), Lockheed Martin (LMT), United Technologies (UTX), Raytheon (RTN), L3 Technologies (LLL), General Dynamics (GD), Northrop Grumman (NOC) and Rockwell Collins (COL) saw positive mention in Barron's, while Applied Optoelectrics (AAOI), Lumentum (LITE) and Oclaro (OCLR) were mentioned cautiously. | |
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