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. Verizon (VZ) is nearing an agreement to sell its media division to Apollo Global Management (APO), a move that would jettison once-dominant online brands like AOL and Yahoo!, Bloomberg’s Scott Moritz and Liana Baker reported, citing people familiar with the matter. A deal for Verizon Media could be announced as soon as Monday, the people said, adding that Verizon will keep a stake in the business. 2. Francisco Partners and TPG Capital have entered into a definitive agreement with Dell Technologies (DELL) to acquire Boomi, a leading provider of cloud-based integration platform as a service. The cash transaction is valued at $4B and is expected to close by the end of 2021, subject to customary closing conditions. Terms of the agreement were not disclosed. 3. Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Facebook (FB) and Microsoft (MSFT) performed better over the past year than anyone dreamed and are still a buy, Eric Savitz wrote in this week’s edition of Barron’s. While they aren’t the raging bargains of a year ago, there’s a case to be made that there are no better stocks to play the most important shifts in tech, the author added. 4. Aniplex and Fumination’s “Demon Slayer” won the North American box office this weekend with $6.4M from 1,925 theaters for a 10-day domestic total of $34.1M. A week ago, the Japanese anime opened to $21M, which was the biggest domestic debut of all time for a foreign-language movie. 5. Curaleaf (CURLF), Green Thumb Industries (GTBIF), Trulieve Cannabis (TCNNF), Cresco Labs (CRLBF), Altra Industrial Motion (AIMC), Progressive (PGR), Sherwin-Williams (SHW), Bank of America (BAC), Intercontinental (IHG), and Crocs (CROX) saw positive mentions in this week’s edition of Barron’s, while U.S. Steel (X), Steel Dynamics (STLD), Nucor (NUE) were mentioned cautiously.

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