Fly Intel: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly:

1. An activist investor is urging department-store chain Kohl’s (KSS) to consider a sale of the company or a separation of its e-commerce business, The Wall Street Journal’s Cara Lombardo reported. Engine Capital LP wants the retailer to examine the two alternatives to improve its lagging stock price, according to a letter sent to Kohl’s board Sunday and viewed by The Wall Street Journal. Engine owns a roughly 1% Kohl’s stake.

2. Trump Media & Technology Group Corp. and Digital World Acquisition Corp. (DWAC) announced that the latter has entered into subscription agreements for $1 billion in committed capital to be received upon consummation of their business combination from a diverse group of institutional investors. President Donald Trump, Chairman of TMTG, stated, “$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.”

3. Wall Street folks used to say Twitter (TWTR) stock would jump when co-founder and CEO Jack Dorsey finally surrendered the reins to a chief executive solely focused on the social-media company, and yet the stock is down about 10% since this past week’s news that Twitter technology chief Parag Agrawal would replace Dorsey as CEO, Bill Alpert wrote in this week’s edition of Barron’s. The selloff gives investors a buying opportunity they haven’t seen in years, the author noted.

4. Disney’s (DIS) original musical adventure “Encanto” won the post-Thanksgiving weekend domestic box office with another $12.7M in what is always a quiet weekend following the holiday. The movie, which features original songs from Lin-Manuel Miranda, is setting records in parts of Latin America, where it has grossed $5.9M in Colombia.

5. D.R. Horton (DHI), Lennar (LEN), PulteGroup (PHM), Toll Brothers (TOL), Century Communities (CCS), Meritage Homes (MTH), UMH Properties (UMH), Deere (DE), and Nintendo (NTDOY) saw positive mentions in this week’s edition of Barron’s.

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