On The Fly: Top five weekend stock stories.
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President Donald Trump has threatened European automakers with a tax on imports if the EU retaliates against his announced tariffs on aluminum and steel, according to Reuters. German carmakers Volkswagen (VLKAY), Daimler (DDAIF) and BMW (BMWYY) build vehicles in the U.S., the report noted. 2. Qualcomm (QCOM) shareholders on Tuesday are expected to decide on directors nominated by Broadcom (AVGO), which has pursued the former with a hostile $117B bid, according to The Wall Street Journal. Securing all six seats would give the Broadcom nominees a majority on Qualcomm's, making a takeover much more likely, the report added. 3. Department store stocks have rebounded in recent months, but they are not all likely to emerge as winners, Avi Salzman wrote in this week's edition of Barron's. Nordstrom (JWN) and TJX (TJX) appear to have the most staying power, with the former the more attractive choice in terms of valuation, he noted. Kohl's (KSS) and Macy's (M) are showing new life but need to prove they can repeat their fourth quarter performances, Salzman said, adding that JCPenney (JCP) and Dillard's (DDS) remain "tricky." 4. Disney (DIS) and Marvel Studios' "Black Panther" won the weekend box office, grossing $65.7M in its third outing and leaping past the $500M mark in North America and earning nearly $900M worldwide. The superhero film, which is now the tenth biggest pic of all time domestically not adjusted for inflation, scored 97% from Rotten Tomatoes and got an A+ CinemaScore from movie audiences. 5. Invesco (IVZ), saw a positive mention in Barron's, while L Brands (LB) and Fitbit (FIT) were mentioned cautiously.
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|Date:||Mar 4, 2018|
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