Top Five Weekend Stock Stories - Dec. 29, 2019

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

1. WeWork (WE) will have to pay close to $17M to replace its co-chief executives under exit packages negotiated in the run-up to the company's rescue by SoftBank (SFTBY), Financial Times' Eric Platt reported, citing documents and people briefed on the matter.

2. A tweet from President Donald Trump that identified an intelligence analyst as the alleged whistleblower who helped spark his impeachment was temporarily blocked, with Twitter (TWTR) blaming an outage that affected a number of user accounts, according to Reuters.

3. Applied Materials (AMAT) stock is now back to $61 after it had fallen to $35, but it is still likely to rise above $80 on record earnings this cycle, Jack Hough wrote in this week's edition of Barron's. While the discount is not as deep as it was, Applied Materials remains 12% cheaper than the S&P 500 relative to earnings forecasts and for long-term investors, especially, it is not too late to buy, the author noted.

4. Disney's (DIS) "Star Wars: The Rise of Skywalker" won this weekend's North American box office again. The movie earned an estimated $135M for the five-day holiday for a 10-day North American cume of $361.8M. Overseas, "The Rise of Skywalker" remained atop the chart, grossing another $94.3M for a foreign total of $263M and $724.8M globally. The pic sports a B+ CinemaScore and a 57% Rotten Tomatoes rating.

5. Smartsheet (SMAR), Datadog (DDOG), Activision Blizzard (ATVI) and TSMC (TSM) saw positive mentions in this week's edition of Barron's, while Boeing (BA) 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

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