Although most businesses are closed over the weekend, money never sleeps. Here are the 5 Stocks Trending This Weekend:
1) Progress Energy (NYSE:PGN) and Duke Energy (NYSE:DUK): North Carolina based power company Duke Energy is in talks to acquire key competitor Progress Energy for $13.1 billion. Although the companies are allegedly announcing the news Monday morning, investors should be very concerned that this deal will receive major scrutiny from the NC Utilities Commission.
2) Verizon (NYSE:VZ) and Apple (NASDAQ:AAPL): Investors are heavily focusing on what the WSJ confirmed will be Verizon’s announcement about selling Apple’s iPhone. The announcement this Tuesday will end years of rumors and add very solid revenue streams for both companies.
3) Mitsui & Co., Ltd. (NASDAQ:MITSY): According to Japanese press, Japanese firm Mitsui & Co. is teaming up with Mitsubishi Corp. to consider “joining a massive liquefied natural gas project on Russia’s Yamal Peninsula on the Arctic Ocean.” This would be Russia’s biggest liquid natural gas project.
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