Hot Stocks
20:01 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he received billions of views on the social media platform during his presidential campaign, Reuters' Gram Slattery reports. 2. Honda (HMC) and Nissan (NSANY) are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the automakers look to survive a rapidly changing industry landscape, Reuters says. The two automakers will likely host board meetings on Monday about the talks and later hold a joint press conference, where Nissan's alliance partner Mitsubishi Motors (MMTOF) is also expected to attend, the reports said. 3. Costco Wholesale (COST) stock has become the Palantir Technologies (PLTR) of retailing, with a rich valuation and a cult investor following to match. Investors should start heading for the exit, Andrew Bary writes in this week's edition of Barron's. There's nothing wrong with Costco's business, but the stock looks expensive next to growth-stock favorites Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA) and MasterCard (MA), the author notes. 4. Frustrated workers at Amazon's (AMZN) largest facility in Staten Island walked out on the job Saturday morning, joining a nationwide strike against the retail giant just days before Christmas, The New York Post's Anna Young reports. Workers from the JFK8 Fulfillment Center, which employs a staff of about 5,500, joined the picket lines in solidarity with thousands of employees from warehouses across the country, including one other in New York City, the Teamsters Union announced. Demonstrators are demanding higher wages, better benefits and improved working conditions, the author writes. 5. Paramount's (PARA) "Sonic the Hedgehog 3" opened ahead of expectations, winning the weekend at the North American box office with $62M. This was the second-best December opening ever for a PG movie since the popular "The Chronicles of Narnia: The Witch, the Lion and the Wardrobe" back in 2005. "Sonic 3" sports a franchise-best critics score of 88% on Rotten Tomatoes and has earned an A CinemaScore.
|
