Top Five Weekend Stock Stories - May 19, 2019

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

1. Alphabet's Google (GOOG; GOOGL) has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world, according to Reuters, citing a source familiar with the matter. Huawei Technologies will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app, the report noted.

2. African swine fever, harmless to humans but deadly to pigs, has decimated Chinese hog counts, constraining supplies in the world's top market for pork, and McDonald's (MCD) and Tyson (TSN) are among companies that expect tighter supplies of pork and bacon to result in more-expensive meat globally, The Wall Street Journal's Heather Haddon and Jacob Bunge reported.

3. Nordstrom (JWN) remains the best-positioned retailer in the tough department store sector, with a mix of full-price and discount stores, a pioneering online presence and a reputation for superior service and affluent customers, Andrew Bary wrote in this week's edition of Barron's. Investor worries include a disappointing Christmas selling season and potential tariffs on Chinese-made clothing and shoes, but that seems already discounted in the stock, the author noted, adding that Nordstrom's generous dividend looks secure, given that the company pays outs just 40% of its earnings.

4. Disney (DIS) and Marvel's "Avengers: Endgame" reign has come to an end after three weekends at the top of the domestic box office. Winning the weekend, Lionsgate's (LGF-A) "John Wick: Chapter Three - Parabellum" earned $57.2M in its debut from 3,850 theaters. The movie sports an A- CinemaScore and an 88% Rotten Tomatoes score. Overseas, "Parabellum" earned $35.2M from 66 international markets.

1 2
View single page >> |

Disclosure: None

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

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