Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Chipmaker Broadcom (AVGO) is in talks to acquire cloud service provider VMware (VMW), Reuters' Greg Roumeliotis reported, citing people familiar with the matter. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. Michael Dell is VMware's biggest investor with a 40% stake as a result of Dell Technologies (DELL)having spun out VMWare to its shareholders last year, according to Refinitiv data. 2. Amazon (AMZN), stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, Bloomberg's Spencer Soper reported, citing people familiar with the matter. The excess capacity includes warehouses in New York, New Jersey, Southern California and Atlanta, the people said. Amazon could try to negotiate lease terminations with existing landlords, including Prologis (PLD), an industrial real estate developer that counts the e-commerce giant as its biggest tenant, two of the people said. 3. After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks, Andrew Bary wrote in this week's edition of Barron's. The wreckage has yielded some bargains, particularly in companies with good growth prospects and solid balance sheets. Some stocks to consider from the 2021 crop of IPOs, the author said, are Allbirds (BIRD), Poshmark (POSH), Robinhood (HOOD), and Warby Parker (WRBY). He also finds Rivian Automotive (RIVN) intriguing because its stock, which topped out at $179 after its IPO in November, got as low as $19 earlier in May. That valued the company at slightly more than the $15 billion of net cash on its balance sheet on March 31, the publication added. 4. Marvel Studios and Disney's (DIS) "Doctor Strange in the Multiverse of Madness" stayed atop the chart in its third outing with another $31.6M from 4,534 theaters for a domestic total of $342.1M and $803.2M globally. The movie starring Benedict Cumberbatch is now the number 2 film of the pandemic era behind "Spider-Man: No Way Home." 5. Genco Shipping & Trading (GNK) and Lindt & Spruengli (LDSVF) saw positive mentions in this week's edition of Barron's.