Top Five Weekend Stock Stories

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

1. Broadcom (AVGO) is said to be planning to unveil a new offer of about $120B for Qualcomm (QCOM), aiming to ratchet up pressure on its semiconductor peer to engage in negotiations, according to Reuters, citing people familiar with the matter.

2. Apple (AAPL) Music is adding U.S. subscribers at a higher rate than Spotify and is on track to pass the number 1 streaming service this summer, according to The Wall Street Journal, citing people familiar with figures reported by the two services.

3. General Motors (GM) has been turning in strong profits, which have helped it fund research into autonomous and electric cars, Jack Hough wrote in this week's edition of Barron's. When Tesla's (TSLA) stock-market value surpassed General Motors last year, it was big news, but recently the latter has edged back into the top spot, he adds. Selling at just seven times forward earnings, General Motors shares have room to rise more than 35% in the year ahead, Hough contended.

4. Sony's (SNE) "Jumanji: Welcome to the Jungle" reclaimed the number one spot in its seventh outing at the North American box office, earning $11M from 3,352 theaters for a domestic total of $352.6M and a global haul of $855.7M. The Dwayne Johnson and Kevin Hart-led remake has received an A- CinemaScore and got a 77% from Rotten Tomatoes.

5. Cisco (CSCO), Salesforce (CRM), Best Buy (BBY), Intuit (INTU), HP Inc. (HPQ), Texas Instrument (TXN), Microsoft (MSFT), Oshkosh (OSK), Clorox (CLX), Xylem (XYL), Danaher's (DHR), and Spirit Airlines (SAVE) saw positive mentions in Barron's, while Tesla was mentioned cautiously.
 

Disclaimer: TheFly.com, Inc.'s staff does NOT provide any individual investment advice or money management assistance. TheFly.com, Inc.'s employees are not brokers, dealers or registered ...

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