Top Five Weekend Stock Stories - January 5, 2020

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

1. Hudson's Bay (HBAYF) announced that it has entered into an amended arrangement agreement with a group of existing shareholders under which the HBC common shares held by the company's other shareholders will be acquired by HBC for $11.00 in cash per share. HBC and the Continuing Shareholders have also entered into a voting and support agreement with The Catalyst Capital Group, HBC's largest Minority Shareholder, under which Catalyst has agreed to vote the 32,236,878 common shares it controls in favor of the privatization transaction. HBC intends to hold the special meeting of shareholders to approve the privatization transaction in February 2020.

2. Boeing (BA) and Federal Aviation Administration confirmed they are reviewing a wiring issue that could potentially cause a short circuit on the grounded 737 Max, Reuters' David Shepardson wrote. Boeing spokesman Gordon Johndroe said the planemaker "identified this issue as part of that rigorous process, and we are working with the FAA to perform the appropriate analysis. It would be premature to speculate as to whether this analysis will lead to any design changes."

3. After a record-setting run-up, Amazon's (AMZN) stock is not "obviously inviting," still investors should buy the shares, Jack Hough wrote in this week's edition of Barron's. The stock price looks sensible when compared with free cash flow, which is swelling quickly, the author noted, adding that some growth initiatives are only now paying off. Within five years, the consensus view is that Amazon will become the biggest free cash generator in America, passing companies like Apple (AAPL) and Microsoft (MSFT), as its investment spending can't keep up with its growth rate forever, the report pointed out.

4. Disney's (DIS) "Star Wars: The Rise of Skywalker" stayed atop the chart in its third weekend with $33.7M for a domestic cume of $450.8M and $918.8M worldwide. "The Rise of Skywalker" sports a B+ CinemaScore and a 57% Rotten Tomatoes rating.

5. Dine Brands (DIN), Republic Services (RSG) and Waste Management (WM) saw positive mentions in this week's edition of 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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