2019-10-13 19:49:34 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. SoftBank (SFTBY) has prepared a financing package that would give it control of WeWork (WE) and further sideline its founder Adam Neumann in exchange for relieving the shared-office startup's looming cash crunch, The Wall Street Journal's Maureen Farrell, Liz Hoffman and Eliot Brown reported, citing people familiar with the matter. 2. Elizabeth Warren is buying ads on Facebook (FB) that falsely claim Mark Zuckerberg has endorsed President Donald Trump, a ploy used to showcase that ads posted by politicians need to be fact-checked, Bloomberg's Siraj Datoo reported. The Democratic presidential candidate's campaign sponsored the posts that were blasted into the feeds of U.S. users of the social network, pushing back against Facebook's policy to exempt politicians' ads from its third-party fact-checking program, the author noted. 3. While Bed Bath & Beyond (BBBY) might offer some good bargains, its stock doesn't look like a bargain after soaring following the appointment of a new CEO, Ben Levisohn wrote in this week's edition of Barron's. Same-stores sales have dropped by more than 6% in the past two quarters, while revenue is expected to decline by 5.7% in fiscal 2020, the author noted, adding that for Bed Bath & Beyond to compete online with the likes of Amazon (AMZN), it also needs to lower its prices. But perhaps the biggest reason for caution is that Bed Bath & Beyond is not Target (TGT), Levisohn contended, pointed out that the stock may have gotten ahead of itself. 4. AT&T (T) subsidiary Warner Bros.' "Joker" earned $55M domestically in its sophomore weekend for a 10-day total of $192.7M and a massive global cume of $544M. The pic fell only 43% in North America, one of the lowest drops ever for a superhero or superhero-related movie. Audiences gave "Joker" a B+ CinemaScore, while Rotten Tomatoes rating stands at 69%. 5. Illinois Tool Works (ITW), Johnson & Johnson (JNJ), Nucor (NUE), Pentair (PNR), W.W. Grainger (GWW), Kellogg (K), Activision Blizzard (ATVI) and Take-Two Interactive (TTWO) saw positive mentions in this week's edition of Barron's. | |
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