Top Five Weekend Stock Stories - Dec. 30, 2018

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

1. In a tweet, President Donald Trump said that, "Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!"
 

2. A cyber attack caused major printing and delivery disruptions on Saturday at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing (TPCO) such as the Chicago Tribune and Baltimore Sun, according to Reuters. The attack appeared to originate outside the U.S., the publication noted, adding that the West Coast editions of News Corp.'s (NWS; NWSA) Wall Street Journal and New York Times (NYT) also were hit as they are printed on the shared production platform.

3. After 20 years of being dominated by television, especially cable, Walt Disney (DIS) is returning to its roots in films and theme parks, Jack Hough wrote in this week's edition of Barron's. That is one part of a transformation that may help the stock out of a three-year slump, the publication added. The other crucial element is Disney+, a streaming platform coming in late 2019 that will bring shows and movies directly to viewers, Hough said. Wall Street expects that 2019 will be a flat year for Disney profits on higher expenses, but for long-term investors, the stock could be a good deal, Barron's contended.

4. AT&T (T) subsidiary Warner Bros' "Aquaman" won the U.S. box office in its second weekend, with $51.6M for a domestic total of $188.8M, the best showing of the busy year-end holidays. Overseas, the movie grossed another $85.4M for a foreign tally of $560M and $748.8M globally. Directed by James Wan, "Aquaman" stars Jason Momoa in the titular role alongside Amber Heard, Willem Dafoe, Patrick Wilson and Dolph Lundgren. The film earned an A- CinemaScore and sports a 64% Rotten Tomatoes score.

5. Cognex (CGNX), G4S (GFSZY), Aegon (AEG) and Prudential (PRU), and ING Group (ING) saw positive mentions in Barron's. 

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

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