Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) is closing an additional 87 of its flagship stores and its entire Harmon chain of drugstores, as the retailer struggles to find financial support to keep its operations funded, The Wall Street Journal's Soma Biswas, Alexander Gladstone, Kate King, and Jodi Xu Klein report. The latest closings are in addition to a plan announced in August to shut 150 lower-performing Bed Bath & Beyond locations, a spokeswoman said. The company said Friday it is also closing five of its Buybuy Baby stores. The company had about 50 Harmon stores as of February 2022, the authors note. 2. China's top nuclear-weapons research institute has bought sophisticated U.S. computer chips at least a dozen times in the past two and half years, circumventing decades-old American export restrictions meant to curb such sales, The Wall Street Journal's Liza Lin and Dan Strumpf report. A Wall Street Journal review of procurement documents found that the state-run China Academy of Engineering Physics has managed to obtain the semiconductors made by U.S. companies such as Intel (INTC) and Nvidia (NVDA) since 2020 despite its placement on a U.S. export blacklist in 1997. The chips, which are widely used in data centers and personal computers, were acquired from resellers in China, the authors note. 3. Lowe's (LOW) shares are down 21% from their record highs hit in December 2021 but the stock isn't as reliant on the housing market as it might seem, Jacob Sonenshine writes in this week's edition of Barron's. These days, the business is being driven by company-specific factors, such as its continued growth in the higher-margin and more-stable contractor business, where it's narrowing the gap with Home Depot (HD), the author notes. The stock, meanwhile, trades at a discount to both its larger rival and the S&P 500 index, offering a compelling entry point for investors willing to bet Lowe's turnaround can continue, the publication adds. 4. Disney's (DIS) "Avatar: The Way of Water" won this weekend at the North American box office with an estimated $15.7M from 3,600 locations for a domestic total of $621M. James Cameron sequel is now the fourth top grossing film of all time at the global box office. Overseas, "The Way of Water" earned another $42.4M for a foreign cume of $1.496B. 5. Workday (WDAY) saw a positive mention in this week's edition of Barron's.