Fly Intel: Top five weekend stock stories - InvestingChannel

Fly Intel: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) has agreed to pay Tesla (TSLA) hundreds of millions of euros to allow the electric carmaker’s vehicles to be counted in its fleet to avoid fines for violating new EU emission rules, Financial Times’ Patrick McGee and Peter Campbell reported. The move will allow Fiat Chrysler to offset CO2 emissions from its cars against Tesla’s, lowering its average figure to a permissible level, the publication added. 2. Hyundai Motor (HYMTF) denied it had signed a preliminary deal with Tencent (TCEHY) to develop software for driverless vehicles, according to Reuters. Hyundai’s comments come a day after South Korea’s Maeil Business Newspaper cited unnamed industry sources saying that the two companies planned to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report added. 3. Congress legalized hemp and its soothing extract cannabidiol, or CBD, and now the stock market cannot get enough of the stuff, Bill Alpert wrote in this week’s edition of Barron’s. Cannabis producers like Canopy Growth (CGC), Aurora Cannabis (ACB) and Tilray (TLRY) quickly got into hemp and the stocks of companies that have long bet their business on CBD have doubled in recent months, including Charlotte’s Web (CWBHF) and GW Pharmaceuticals (GWPH), he noted. Unfortunately, there are no bargains among hemp or marijuana stocks these days, the author contended. 4. AT&T (T) subsidiary Warner Bros’ “Shazam!” easily won the weekend box office with $53.5M from 4,217 theaters. Overseas, the kid-friendly movie is also off to a strong start, earning $102M from 79 markets for a global weekend haul of $155.5M. The pic sports an A CinemaScore and a 91% Rotten Tomatoes score. 5. Foot Locker (FL) saw a positive mention in Barron’s.

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