Top Five Weekend Stock Stories - Sunday, March 8, 2020

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

1. A U.S. judge said Amazon (AMZN) is likely to succeed in its challenge to the U.S. Department of Defense's decision to award an up to $10B cloud computing deal to Microsoft (MSFT), Reuters' David Shepardson wrote. U.S. Court of Federal Claims Judge Patricia Campbell-Smith's opinion was unsealed on Friday, the author noted, adding that on February 13, she issued an order blocking work on the contract pending resolution of Amazon's court challenge.

2. Tesla's (TSLA) top external shareholder says Tesla is a "better run" company after its regulatory battles following the recent addition of independent directors to oversee Elon Musk, Financial Times' Richard Henderson wrote. "We thought he was getting things wrong," said James Anderson, head of global equities for Baillie Gifford, speaking about Musk, Tesla's founder. "I feel more comfortable now."

3. Health-care stocks have been volatile, partly owing to concerns about heightened regulation that may come about depending on the outcome of the presidential election in November, but many of these stocks offer solid dividends with attractive yields at a time when coronavirus fears are intensifying, Lawrence Strauss wrote in this week's edition of Barron's. Among those with attractive dividends that can help ease any pain are AbbVie (ABBV), Amgen (AMGN), Anthem (ANTM), Johnson & Johnson (JNJ) and Medtronic (MDT), the author noted.

4. Disney's (DIS) animated movie "Onward" opened to a muted $40M from 4,310 locations in North America. Amid the coronavirus outbreak, the film came in well behind projections overseas with an underwhelming $28M from 47 territories for a global bow of $68M. "Onward" sports an A- CinemaScore and an 86% Rotten Tomatoes.

5. Altria Group (MO), Dow (DOW), ExxonMobil (XOM), Valero Energy (VLO), Prudential Financial (PRU), Comerica (CMA), AT&T (T), Chevron (CVX), Wells Fargo (WFC), AbbVie (ABBV), Seagate (STX), Kinder Morgan (KMI), Uber (UBER) and Lam Research (LRCX) saw positive mentions in this week's edition of Barron's. 

Disclosure: None.

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