2019-09-15 19:46:46 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. The United Auto Workers union plans to strike against General Motors (GM) following the two sides not reaching a tentative deal before a Saturday night deadline, CNBC's Michael Wayland reported. The last time the union declared a strike at GM was in 2007, the author noted. Meanwhile, President Donald Trump said via Twitter that, "Here we go again General Motors and the United Auto Workers. Get together and make a deal!" 2. An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the U.S. the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers, according to Reuters. Industry sources have said Saudi Arabia will be able to restore supply within days, the publication added. 3. Amerco (UHAL), owner of U-Haul, is one of the "better-kept secrets" in the stock market as it has virtually no analyst coverage, communicates little with investors, and is run like a private business by controlling Shoen family, Andrew Bary wrote in this week's edition of Barron's. Trading at $380, the shares look appealing after having been stuck in a range of $325-$400 for most of the past four years, the author noted. 4. AT&T (T) subsidiary Warner Bros.' "It: Chapter Two" stayed at top the domestic box office, earning another $40.8M. Overseas, the movie also came in at number one with another $47M from 78 markets for a foreign tally of $169.5M and $323.3M globally. The sequel received a B+ CinemaScore and 67% on Rotten Tomatoes. 5. Tapestry (TPR), Bank of America (BAC) saw positive mentions in this week's edition of Barron's. | |
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