Fly Intel: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. In an interview with CBS' Margaret Brennan on "Face the Nation," President said he sees a "good chance to make a deal" with China. "We've put very massive tariffs on China. China is paying a big price and it's hurt China's economy very badly. I want them to make a fair deal. They have been very helpful, especially at the beginning when I first came in with North Korea. They have stopped goods from going in. They have stopped a lot of things from going in through the border. (...) They have been very vigilant. Are they the same now? Probably a little bit less so. But North Korea is absolutely talking. And I think North Korea wants to make a deal. We are making a deal. It looks like we're doing very well with making a deal with China. I can tell you this, no two leaders of this country and China have ever been closer than I am with President Xi. We have a good chance to make a deal. I don't know that we're going to make one, but we have a good chance. And if it is a deal it's going to be a real deal. It's not going to be a stopgap," the President said. 2. Nissan (NSANY) has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan as uncertainty ahead of Brexit was making it harder to plan for the future, Reuters' Costas Pitas reported. 3. Amazon.com (AMZN) should buy FedEx (FDX) because its stock is cheap, but there are issues that should scuttle this proposed deal, including valuation, the latter's massive infrastructure and competition, Al Root wrote in this week's edition of Barron's. Further, there are also antitrust issues as vertical mergers face more regulatory scrutiny, the report noted. 4. Comcast (CMCSA; CMCSK) subsidiary Universal's "Glass" stayed atop the chart in its third outing with $9.5M for a domestic cume of $88.7M. Overseas, the superhero movie took in another $12.2M to finish the weekend with $199M worldwide. The film earned a B CinemaScore and sports a 36% Rotten Tomatoes score. Overall, domestic ticket sales plummeted to an estimated $68M-$70M, making it the worst showing for Super Bowl weekend in 19 years, and among the top 20 slowest weekends for any time of the year since 1997. 5. Brookfield Property (BPY), Taylor Wimpey (TWODF), Corning (GLW), Styker (SYK), Microsoft (MSFT), Aptiv (APTV), Spirit Airlines (SAVE), and Ball (BLL) saw positive mentions in Barron's.