Top Five Weekend Stock Stories - Jan. 20

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

1. Amazon's (AMZN) advertising services is leveraging what the company knows better than anyone: consumers' online buying habits, The New York Times said. Ads sold by Amazon, once a limited offering at the company, can now be considered a third major pillar of its business, along with e-commerce and cloud computing, the report noted. Amazon's advertising business may be worth about $125B, and at its core are ads placed on by makers of toilet paper or soap that want to appear near product search results on the site, the publication added.

2. Tesla (TSLA) was cleared to begin delivering its Model 3 sedans across Europe, according to Dutch vehicle authority RDW. Deliveries should start in February and, as happened in the U.S., the first sales in Europe will be for the Model 3 Long Range Battery variant, the report notes, citing the company.

3. Netflix (NFLX) delivered a sobering warning to the world of entertainment last week, telling shareholders that, "We compete with [and lose to] Fortnite more than HBO," Tae Kim wrote in this week's edition of Barron's. Fortnite is the gaming phenomenon that has addicted teenagers and aggravated their parents, and has stolen the gaming spotlight from Electronic Arts (EA) and Activision Blizzard (ATVI), which are both down nearly 40% from last year's highs, the publication added. And while the selloff might make them attractive for the long run, the two largest independent U.S. game publishers are "likely to be dead money in the year ahead," Kim argued, given the companies' underperforming pipeline of games.

4. Comcast (CMCSA; CMCSK) subsidiary Universal's "Glass" won the long Martin Luther King Jr. holiday weekend at the box office with an estimated $47.1M, including $40.6M for the three days. Overseas, the superhero movie opened to $48.5M from 55 markets for a three-day global launch of $89.1M and $95.6M for the four days. The film earned a B CinemaScore and sports a 36% Rotten Tomatoes score. 5. Costco (COST), Illumina (ILMN), Thermo Fisher Scientific (TMO), Danaher (DHR), Agilent Technologies (A), Bio-Techne (TECH), Newmont Mining (NEM), Barrick Gold (GOLD) Kilroy Realty (KRC) and Vornado Realty Trust (VNO) saw positive mentions in Barron's, while Tencent (TCEHY) was mentioned cautiously.

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

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.