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20:00 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Cisco (CSCO) will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, Reuters' Utkarsh Shetti and Supantha Mukherjee report, citing people familiar with the matter. The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company's fourth-quarter results, said the sources. 2. Disney (DIS) Experiences Chairman Josh D'Amaro laid out an ambitious growth plan for the company's theme parks on Saturday at the D23 fan convention, announcing plans for four new cruise ships and details about six new themed lands, Reuters' Dawn Chmielewski reports. Forthcoming plans include a new Disney villains land at Walt Disney World's Magic Kingdom in Orlando, Florida, a doubling of the size of the Avengers Campus at the Disney California Adventure Park in Anaheim, California, and details about its partnership with Fortnite creator Epic Games. California Adventure will add a new "Avatar" experience, it said. Disney also unveiled two attractions -- "Indiana Jones" and "Encanto" -- for the new Tropical Americas expansion coming to Disney's Animal Kingdom park in Orlando, Florida. Actor Billy Crystal took the stage to announce an area at Disney's Hollywood Studios dedicated to the Pixar film, "Monsters, Inc." Pixar's "Cars" film franchise also comes to the Magic Kingdom in Orlando, in a re-imagined area of Frontierland. 3. Investors have soured on Airbnb (ABNB) as growth has slowed, as evidenced by the company's disappointing third-quarter financial guidance, Andrew Bary writes in this week's edition of Barron's. The shares fell more than 10% on the week, to $115. The selloff offers a good entry point for investors in a company that dominates the short-term rental market worldwide, with eight million active listings, more than $80B of annual gross bookings, and $11B of annual sales, the author says. 4. Disney and Marvel's "Deadpool & Wolverine" stayed atop the North American box office with $54.2M in its third weekend as it crossed the $1B mark globally. The movie ended Sunday with a domestic cume of $494.3M and $535.2M overseas for a worldwide tally of $1.03B. The threequel has a 97% audience score on Rotten Tomatoes, the second-best score ever for a Marvel title behind Sony (SONY) and Marvel's "Spider-Man: No Way Home." 5. Parker-Hannifin (PH) and TJX (TJX) saw positive mentions in this week's edition of Barron's.
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