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BA

Boeing

$344.09

-25.04 (-6.78%)

, FB

Facebook

$185.96

-4.435 (-2.33%)

19:31
10/20/19
10/20
19:31
10/20/19
19:31

Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Boeing (BA) said that it regrets and understands concerns raised by the release of a former Boeing test pilot's internal instant messages noting erratic software behavior two years before deadly crashes of its 737 MAX jet, Reuters' Eric Johnson and Bhargav Acharya reported. The planemaker also said it was investigating the "circumstances of this exchange" and regretted the difficulties that the release of messages presented for the U.S. Federal Aviation Administration, the authors noted. 2. Facebook (FB), facing growing skepticism about its digital currency project Libra, said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed, Reuters's Andrea Shalal reported. David Marcus, who heads the Libra project for Facebook, told a banking seminar the group's main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use, the author noted. 3. If cord-cutting accelerates among traditional cable customers, companies like Disney (DIS), WarnerMedia (T) and NBC (CMCSA) will need to win streamers quickly, and if TV viewers stick with their cable bundles for longer than expected, companies could end up having overspent to go over the top, Jack Hough wrote in this week's edition of Barron's. Regardless, there is good money to be made in media stocks in coming years, not just despite the turmoil, but because of it, the author notes. Comcast stacks up better than investors might expect, in part because, for it, cord-cutting is a misnomer, Hough contended, adding that in its markets, Comcast's broadband service is the top means of delivering Netflix (NFLX) and Amazon (AMZN) to homes. 4. "Maleficent: Mistress of Evil" earned $36M from 3,790 theaters in its debut weekend, well behind expectations and over 45% less than the launch of "Maleficent" five years ago. Overseas, the sequel bowed to $117M from 56 markets for an early worldwide total of $153M. Audiences gave the movie an A, while Rotten Tomatoes rating stands at 41%. 5. ConocoPhillips (COP) and GVC Holdings (GMVHF) saw positive mentions in this week's edition of Barron's.

BA

Boeing

$344.09

-25.04 (-6.78%)

FB

Facebook

$185.96

-4.435 (-2.33%)

T

AT&T

$38.46

0.64 (1.69%)

CMCSA

Comcast

$45.58

-0.36 (-0.78%)

CMCSK

Comcast

$0.00

(0.00%)

DIS

Disney

$130.91

-1.46 (-1.10%)

NFLX

Netflix

$275.40

-17.88 (-6.10%)

AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

COP

ConocoPhillips

$53.99

-0.55 (-1.01%)

GMVHF

GVC Holdings

$0.00

(0.00%)

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