2018-11-18 19:29:58 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. PG&E (PCG), facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of November 8 when the blaze started, according to Reuters. The incident report said a line near the area of Concow in Butte County suffered an outage at 6:45 a.m. on November 8, the publication noted. 2. After CBS (CBS) CEO Les Moonves' downfall on sexual-assault allegations, insiders said the TV giant's board could announce a merger with Viacom (VIAB) in the next three to six months, a deal that Moonves had fiercely resisted, according to The New York Post. "I would be surprised if we are sitting around in March and CBS and Viacom are not combined," said one media executive close to the situation. 3. Store chains have been learning lessons from Amazon's (AMZN) success and investing in e-commerce fulfillment, and for stores that struggle now, the problem is them, not the economy or Amazon, Jack Hough wrote in this week's edition of Barron's. To find likely winners, stock investors should be cautious of malls, and of stores with a shortage of unique merchandise, while being bullish on those with digital savvy, the publication noted. Kohl's (KSS) and Target (TGT) appear poised to outperform, and Home Depot (HD) and Tiffany (TIF) are worth their premium valuations, while Best Buy (BBY) has had a heroic run, but now faces especially difficult sales comparisons versus last year, Hough contended. TJX (TJX) could cool, too and the outlook is not promising for J.C. Penney (JCP) and L Brands (LB), he added. 4. AT&T (T) subsidiary Warner Bros' "Fantastic Beasts: The Crimes of Grindelwald" debuted to $62.2M from 4,163 theaters. Overseas, the movie roared to $191M from 79 markets. The sequel earned a B+ CinemaScore and sports a 40% Rotten Tomatoes score. 5. BP (BP), Chevron (CVX), ExxonMobil (XOM), Royal Dutch Shell (RDS.A), Anadarko Petroleum (APC), EOG Resources (EOG), Occidental Petroleum (OXY), Cabot Oil & Gas (COG), EQT (EQT), Halliburton (HAL), Schlumberger (SLB), Amgen (AMGN), and Treehouse Foods (THS) saw positive mentions in Barron's, while Apple (AAPL) was mentioned cautiously. | |
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