2020-03-29 19:12:21 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. President Donald Trump said on Sunday that he will extend the guidelines aimed at slowing the spread of the coronavirus to April 30, from his original target of Easter on April 12, according to Reuters. Trump added that deaths from the coronavirus could peak around Easter. The President also accused hospitals of hoarding ventilators that are in scarce supply across the U.S. as the coronavirus spreads, adding any hospitals not using the devices must release them, Reuters' Nandita Bose and Phil Stewart reported. Publicly traded companies in the space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). 2. Amazon (AMZN) warehouse workers in Staten Island plan to strike on Monday to call attention to the lack of protections for employees who continue to come to work amid the coronavirus outbreak, CNBC's Annie Palmer reported. Nearly 100 workers at the facility, known as JFK8, plan to participate in the work stoppage, the author notes. The employees will walk out Monday morning and "cease all operations" until their demands are heard by site leadership, said Chris Smalls, a management assistant at JFK8 and a lead organizer of the strike. 3. Microsoft (MSFT), Apple (AAPL), Amazon, and Google parent Alphabet (GOOGL) with their fortress-solid balance sheets, are poised to come out of the downturn just as strong as they went in, Eric Savitz wrote in this week's edition of Barron's. 4. General Motors (GM) agreed to a $120M settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents, Bloomberg's Robert Burnson reported. The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009, the author noted. 5. Caterpillar (CAT), Merck (MRK), UnitedHealth, Intel (INTC), Honeywell International (HON), Best Buy (BBY), W.W. Grainger (GWW), D.R. Horton (DHI), Qualcomm (QCOM), Akamai Technologies (AKAM), Lockheed Martin (LMT), and BlackRock (BLK) saw positive mentions in this week's edition of Barron's. | |
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