Top Five Weekend Stock Stories - June 2, 2019

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

1. The U.S. Federal Aviation Administration said some Boeing (BA) 737 MAX and NG planes may have parts that were improperly manufactured and that it will require their replacement, according to Reuters. The FAA said up to 148 leading edge slat tracks manufactured by a Boeing sub-tier supplier are affected and cover 133 NG and 179 MAX aircraft worldwide, and that a complete failure of a leading edge slat track would not result in the loss of the aircraft, but a failed part could lead to aircraft damage in flight, the report noted.

2. Fiat Chrysler (FCAU) is discussing a Renault (RNLSY) special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, Reuters' Laurence Frost reported, citing people familiar with the matter. The improved offer, if formalized and accepted, would also see the combined company's operations headquartered in France and the French state granted a seat on its board, sources said.

3. Semiconductor demand has been soft, U.S. antitrust officials are looking into Broadcom's (AVGO) dominance in some market, and Trump administration blacklisting Huawei will pinch the company's bottom line right away, Jack Hough wrote in this week's edition of Barron's. Nonetheless, investors should still buy Broadcom's shares, the author contended. With the promise of speedy 5G capability, Broadcom could supply more than $25 of components for 5G iPhones, up from about $20 for today's models, which might help offset revenue lost to a ban on shipments to Huawei, he added.

4. AT&T (T) subsidiary Warner Bros.' "Godzilla: King of Monsters" earned a lackluster $49M in its debut at the North American box office, launching below the last installment in the monster movie series. The movie starring Vera Formiga, Kyle Chandler and Millie Bobby Brown sits at a 39% on Rotten Tomatoes and sports a B+ CinemaScore. "King of Monsters' also came in number one at the international box office with $130M.

5. Compass Diversified (CODI), CareTrust (CTRE), HCP (HCP), LTC Properties (LTC), Sabra Health Care (SBRA), Senior Housing Properties (SNH), Ventas (VTR), and Welltower (WELL) saw positive mentions in this week's edition of Barron's.

Disclosure: None

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